European indices mainly grew
Date of publication: 28 January 2019
On Friday, January 25, the key stock markets of the European region ended the trading session mainly in the positive territory due to the rise in the price of shares of the high-tech sector, as well as representatives of the automotive sector and producers of basic resources, while among the main outsiders of trading were securities of telecommunications companies.
Natalia Asadova, analyst of FINAM
Investors kept an eye on corporate reporting, while concerns about U.S.-China trade negotiations continued to have an adverse impact on markets. Note that the U.S. Secretary of Commerce Wilbur Ross
he said on Thursday that it is too early to hope for a trade agreement between Washington and Beijing, stressing that the parties are still "very far from a solution." Recall that by January 30, a delegation headed by Deputy Prime Minister Liu he will arrive in the US from China, and from Washington, trade representative Robert Lightheiser will take part in the negotiations.
At the end of the session, the key index of the UK FTSE 100 sank by 0.14%, the French CAC 40 became heavier by 1.11%, the Italian FTSE MIB gained 1.26%, and the German DAX went to plus 1.36%. The regional indicator STXE 600 increased, in the meantime, 0.61%, to close at 357,84 points, thus for the whole of last week, its growth amounted to 0.2%.
As noted above, the bidding process was successful for the automotive sector as well as mining companies. In particular, Rio Tinto, BHP and Glencore securities rose by 3%, 2.6% and 3.2% respectively, while market capitalization of Volkswagen and Daimler rose by 3.91% and 2.9% respectively.
Despite Intel's unfavorable reporting, shares of European high-tech companies looked better than the market. Thus, the paper Siltronic, STMicro and Infineon closed in the black by 5.19%, 4.4% and 2.26% respectively.
Among the favorites of the auction was the Swedish company Ericsson, add to the asset of 3.2% on the background of the threefold reduction in the net loss in the fourth quarter. It should be noted that the company's revenue increased by 10% yoy and amounted to 63.81 billion SEK ($7.04 billion), while analysts expected an average of 61.45 billion SEK.
At the same time, the shares of the Swiss manufacturer of flavoring and aromatic additives Givaudan retreated by 3.71% after the company announced a drop in profits last year. Thus, the company's profit amounted to 663 million Swiss francs ($666 million) compared to 720 million francs a year earlier.