France and Denmark’s Stock Climbed, Germany Mixed

France and Denmark’s Stock Climbed, Germany Mixed

On Monday, July 5, France and Denmark’s stocks closed higher. Germany’s stocks were mixed as world stocks reached near record highs.

The Foods & Drugs, Gas & Water, and General Financial sectors led France stocks higher. Meanwhile, Financials, Software & Computer Services, and Technology sectors drove Denmark up.

Meanwhile, in Germany, the gains were led by the Transportation & Logistics, Technology, and Insurance while the losses were led by the Retail, Media, and Software sectors.

At the close in Paris, the CAC 40 index progressed 0.22%, while the SBF 120 index gained 0.21%.

The former’s best performers include Societe Generale SA, BNP Paribas SA, and Alstom SA. These all climbed 2.45%, 2.21%, and 1.77%, respectively.

While the latter’s top gainers include Coface, Eramet SA, and Compagnie Plastic Omnium. These all rose 3.40%, 2.93%, and 2.75%, respectively.

At the close in Copenhagen, the OMX Copenhagen 20 increased 0.03%.

The index was led by Rockwool International B, Danske Bank A/S, and Tryg A/S. They all soared 2.34%, 1.83%, and 1.57%, respectively.

Moreover, at the close in Frankfurt, the DAX and MDAX boosted 0.08% and 0.21%, respectively, while the TecDAX plunged 0.05%.

DAX index’s best performers were Heidelbergcement, Infineon Technologies, and Deutsche Bank, which all rallied 1.52%, 1.15%, and 1.10%, respectively.

While MDAX’s top gainers were K&S AG, Deutsche Lufthansa, and Aurubis, which all climbed 5.60%, 3.52%, and 3.04%, respectively.

On the other hand, the firms that led losses are TecDAX were Eckert & Ziegler, TeamViewer, and Morphosys, which all fell 2.70%, 1.68%, and 1.42%, respectively.

Global Stocks Near Record Highs

Moreover, global stocks reached near record highs as investors weighed European business’ surging activity and the release of the U.S. jobs data.

The EU’s STOXX 600 spiked 0.30%, which reversed its earlier losses after data showed that the eurozone businesses widened their activities at the fastest pace in 15 years last month.

Consequently, China’s blue-chip stock index recuperated its earlier losses at 0.10% as Beijing pledged to continue its policy support for the technology sector.

On the other hand, Japan’s Nikkei 225 subsided 0.60% to a two-week low following a surge in coronavirus infections in Tokyo ahead of the Olympics.

Meanwhile, in the United States, the benchmark S&P 500, Dow Jones Industrial Average, and Nasdaq Composite index all rose 0.80%, 0.40%, and 0.80%, respectively.

Furthermore, the MSCI Asia Pacific ex Japan jumped 0.06% or 0.53 points to $875.31 on Tuesday.

While the MSCI All Country World index rose 0.10% or 0.72 points to $725.38 on Monday.

  • Support
  • Platform
  • Spread
  • Trading Instrument
Comments Rating 0 (0 reviews)