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Euro Markets React Upwards

Published 09/02/2015, 07:34 AM
Updated 07/09/2023, 06:31 AM
UK100
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FCHI
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JP225
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AMGN
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GE
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TOPX
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SIKA
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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.

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