Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

Euro Markets React Upwards

Published 09/02/2015, 07:34 AM
Updated 07/09/2023, 06:31 AM

The European indices started today with small profits, rebounding slightly from yesterday's significant losses, with the market clearly showing its nervousness for the progress of the global economy and the implications it may have from the slowing growth of China.

The British FTSE 100 Index was up by 0.54% at 6,091 points, the German DAX rose by 0.74% at 10,094 points and the French CAC 40 moved up by 0.70% at 4,574 points.

STOXX 600 index recorded profits of 0.69% at 355.31 points.

On the board, Novartis (NYSE:NVS) increased by 1.4% as it announced that there was an agreement with the American company Amgen (NASDAQ:AMGN) for research and development of new drugs for Alzheimer's disease.

Also, Compagnie de Saint Gobain SA (PARIS:SGOB) recorded profits of 1.2%, following the opinion of the French authorities that the move to acquire minority stake with majority voting stake in Sika (SIX:SIK) does not require it to submit a proposal for the acquisition of the remaining shares.

Finally, Alstom (PARIS:ALSO) recorded profits of 3.2%, as there are leaks that General Electric (NYSE:GE) may be approved for its acquisition by the European authorities.

Losses In The Japanese Stock Market

Transactions in the Tokyo stock market completed with a slight decline today.

Nikkei fell by 0.4% at 18,095.40 points, ending a session in which an intense nervousness prevailed because of the concerns about the slowdown of the Chinese economy.

The broader TOPIX index fell by 0.8% at 1465.99 points, while the JPX-Nikkei 400 Index also dropped by 0.8% at 13,161.94 points.

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.