European shares show mixed results on Friday’s session end
(MENAFN) On Friday, European stock markets closed with a mixed performance, showcasing varied movements across major indices amidst prevailing economic and political developments. The STOXX Europe 600, a broad index covering approximately 90 percent of the market capitalization across 17 European countries, saw a marginal decline of 0.18 percent or 0.94 points, settling at 516.60.
In France, the CAC 40 retreated by 0.26 percent or 20 points, closing at 7,675. Italy's FTSE MIB also slipped, losing 0.35 percent or 118 points to end the day at 33,987. The UK's FTSE 100, following a significant political shift where the Labour Party secured a landslide victory over the Conservatives, experienced the largest decline among the major indices, falling by 0.45 percent or 37 points to 8,203. Similarly, Spain's IBEX 35 dipped by 0.39 percent or 42 points, concluding the session at 11,023.
On the contrary, Germany's DAX managed to buck the trend, registering a modest gain of 0.14 percent or nearly 25 points, finishing at 18,475. This divergence in market performance reflects the varying impacts of economic data releases, geopolitical tensions, and domestic political outcomes across different European economies. Investors navigated these dynamics, influencing trading sentiment and contributing to the day's mixed results on European exchanges.
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