Major stock markets in Europe finished today’s trading mostly in the red, as the continuing political uncertainty in Spain outweighed the positive sentiment associated with the strong growth of oil quotes and news on individual shares.
Spain’s IBEX has recovered part of the positions, but ended today’s trading with a significant fall by 0.92%, as investors stuck to the fence and watched the news with the leader of Catalonia Carlos Pusdienam. On the eve of Putteman said that on Tuesday will address a speech to the Catalan Parliament, which declared independence unilaterally. The Spanish government, faced with the most serious political crisis after the military coup of 1981, warned that will immediately respond to any such unilateral Declaration and will take measures to restore law and democracy. Meanwhile, the two largest EU countries – France and Germany – also made in support of the unity of Spain and against the unilateral Declaration of independence of Catalonia.
In addition, the focus of attention of the market was the data on Britain. Office for national statistics said industrial production in August rose 0.2 percent from the previous month, lower than the growth in July by 0.3 percent. It was the fifth consecutive monthly increase. The expansion largely was driven by manufacturing output which grew by 0.4 percent. Mining and quarrying declined by 2.0 percent. In annual terms, industrial production growth accelerated to 1.6 percent from 1.1 percent in July. The expected growth rate was 0.9 percent. Production in manufacturing industry increased by 2.8 per cent per annum, exceeding the forecast of +1.9 percent.
FTSE 100 +30.38 7538.27 +0.40% -27.15 12949.25 DAX -0.21%, CAC 40 -0.04 -2.18 5363.65%
The composite index of the largest enterprises of the region Stoxx Europe 600 Index fell 0.01%, to 390,16, while the sector ended the session without a single dynamics.
The main outsider was the sector of automobile manufacturers (-0,54%), while Volkswagen shares fell 0.6%, Porsche – by 0.69%, and Daimler – 0.93.
The leaders of growth was the consumer goods sector (+1,08%), helped by the rise of the quotes Moncler (+2,47%) and LVMH. Shares of LVMH – the French manufacturer of luxury goods – jumped by 2.24% after reporting stronger-than-expected revenue growth for the third quarter. This news contributed to the increase in the capitalization of the other companies for the production of luxury goods, including Christian Dior and Burberry.
The price of the Capita – the British outsourcing giant rose 1.34% after the announcement of the appointment of Jonathan Lewis as CEO, and former head of Amec Foster Wheeler, is expected to occupy this position in early December.
Quotes Gamesa Siemens rose 3.4% after Goldman Sachs raised its rating on the stock to “buy” from “neutral.”
The cost of Dassault Aviation grew by 2.18% after the statements of the General Director of the company that the commissioning of the business jet Falcon 5X will be delayed.
Provident Financial shares have fallen by 7.87%, recording the worst result among the components of the Stoxx Europe 600 Index, after Vanquis Bank is a subsidiary of the group, had been fined 75,000 pounds for illegal marketing.
Vitali Nesterenko, an analyst at TeleTrade