Stock markets in Western Europe are trading in the green zone, investors continue to assess risks for the global economy and analyze corporate news. At the same time, the French indicator is near the maximum level since April 21, writes Trading Economics. The UK unemployment rate stood at 3.8% in the second quarter of 2022, official statistics show. The indicator coincided with the consensus forecast of analysts, according to Trading Economics. The number of employees in the second quarter increased by 160 thousand, with an average growth forecast of 256 thousand. The composite index of the largest companies in the region Stoxx Europe 600 by 11:10 Moscow time increased by 0.26% and amounted to 443.48 points. The German DAX index rose by 0.63%, the French CAC 40 – by 0.41%, the British FTSE 100 increased by 0.37%. The Italian FTSE MIB and the Spanish IBEX 35 added 0.76% and 0.9% respectively. Shares of Delivery Hero SE rise in price by 6.9%. The German delivery service confirmed its financial targets for the current year and said it expects gross merchandise value (GMV) growth of 7% qoq in the third quarter. The share price of Royal Philips NV increases by 2.7%. The Dutch manufacturer of consumer products and medical equipment has named Roy Jacobs as its new CEO, who will take up the job on October 15. Quotes BHP Group Ltd. grow by 4.2%. The world’s largest mining company nearly tripled its net income in the fiscal year ended June to $30.9 billion from $11.3 billion a year earlier. Danish jewelry company Pandora AS lost 7.2%. The company reduced its net income in the second quarter, but increased revenue and confirmed its full-year guidance. Shares of Hennes & Mauritz AB fall 0.2%. The Swedish retailer’s products have returned to China’s Tmall e-commerce platform, operated by Alibaba Group Holding Ltd., 16 months after the brand’s merchandise became unavailable on the site following the company’s decision to stop purchasing from China’s Xinjiang. Source: FINMARKET.RU

Show CommentsClose Comments

Leave a comment