Stock indices of Western European countries ended trading on Wednesday mainly with growth. Market participants were waiting for the results of the September meeting of the Federal Reserve System (FRS). The composite index of the largest companies in the region Stoxx Europe 600 increased by 0.9% and amounted to 407.05 points. The British stock index FTSE 100 rose by 0.63%, the French САС 40 – by 0.87%, the German DAX – by 0.76% and the Italian FTSE MIB – by 1.2%. Meanwhile, the Spanish indicator IBEX 35 was almost unchanged from the previous close, dropping 0.01%. Fortum’s market value soared 9.5%, and the company’s shares are among the gainers in the Stoxx Europe 600 index. The price of another German energy company, E.ON, rose 1.8% on the announcement of a contract extension with CEO Leonard Birnbaum by another five years, until June 30, 2028. Shares in France’s Schneider Electric rose 1.9%, while British software developer Aveva rose 1.8%. Aveva shareholders approved the sale to Schneider for 9.482 billion pounds ($10.8 billion). The growth leaders in the Stoxx 600 were also shares of marketing S4 Capital PLC (+12%), military equipment manufacturer Rheinmetall AG (+9.3%) and telecommunications Telecom Italia SpA (+6%). Uniper shares fell 25.3% on news that the German government, the management of the energy company and its parent company Fortum have reached an agreement on state support. The terms of the agreement provide for the government to inject 8 billion euros into the company’s capital through an additional issue of shares in favor of the state at a price of 1.70 euros per share. In addition, the German government will acquire Fortum’s stake in Uniper, after which the state stake in Uniper will reach about 99%. Source: FINMARKET.RU

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