As a result of yesterday’s trading, European stock indices rose after initial multidirectional fluctuations. Investors were evaluating statistical data from China and corporate news from Europe. The composite index of the largest companies in the Stoxx Europe 600 region rose by 0.34% and amounted to 442.35 points. The German DAX index rose by 0.15%, the French CAC 40 – by 0.25%, the British FTSE 100 – by 0.11%. The Italian FTSE MIB and the Spanish IBEX 35 added 0.5% and 0.3% respectively. Low-cost airline Wizz Air Holdings PLC led the way in the Stoxx Europe 600 index, up 7.5%. Quotes of paper HelloFresh rose by 2.7%. The food delivery service confirmed its full-year forecasts: the company still expects 18-23% FX-adjusted revenue growth and adjusted EBITDA in the range of 460-530 million euros. The market value of Henkel AG increased by 1%. The company said its first-half sales grew 8.9% organically to around €10.9 billion and raised its full-year growth forecast to 4.5-6.5%. Shares of TP Group PLC, operating in the field of consulting, digital solutions and engineering services, rose 2.9%. The company released its audited financials for 2021 showing a rise in pre-tax loss to £8m ($9.7m) from £3.6m a year earlier. Capitalization of Airbus SE increased by 0.4%. The company announced that the Malaysian carrier Malaysia Aviation Group will replenish its fleet with 20 A330-900 aircraft. The company will buy ten aircraft directly from Airbus, and lease another 10 from the leasing company Avolon. Shares of Scandinavian airline SAS AB rose 6.7% on news that the carrier received a $700 million loan from US private equity firm Apollo Global Management Inc. as part of the restructuring plan. As it became known yesterday, the growth of retail sales and industrial production in China in July turned out to be weaker than analysts’ forecasts. Retail sales rose 2.7% year-on-year instead of an expected 5% rise, and China’s industrial production growth slowed to 3.8% last month from 3.9% in June, although analyst consensus for this indicator provided for a rise of 4.6%. To support the Chinese economy, the People’s Bank of China injected 400 billion yuan (nearly $60 billion) into the financial system under the medium-term lending program (MLF), and also cut the rate on loans for a period of one year issued under the MLF by 10 basis points to 2 .75% per annum. Meanwhile, wholesale price growth in Germany slowed to 19.5% y/y in July after rising 21.2% in June. On a monthly basis, prices decreased by 0.4%. Source: FINMARKET.RU

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