European shares end Monday with losses except for UK
Date
7/30/2024 5:44:55 AM
(MENAFN) On Monday, European stock exchanges generally closed lower, with the notable exception of the UK. The STOXX Europe 600 index, which encompasses around 90 percent of the market capitalization across 17 European countries, ended the trading day with a decrease of 1.04 points, or 0.2 percent, settling at 511.79. This decline reflects a broad-based drop across the continent's major stock markets.
In Germany, the DAX index fell nearly 97 points, or 0.53 percent, closing at 18,320. The decline in Germany's benchmark index underscores a weaker performance in the country’s stock market. Similarly, Italy's FTSE MIB experienced a drop of 171 points, or 0.51 percent, ending the day at 33,640. This decline reflects a downturn in investor sentiment in Italy's equity market.
France’s CAC 40 index was the worst performer of the day, plunging 73 points, or 0.98 percent, to finish at 7,443. This substantial drop highlights the particular challenges faced by the French market. Spain’s IBEX 35 also recorded a decrease, falling 48 points, or 0.43 percent, to end the day at 11,117, indicating a moderate decline in the Spanish stock market.
In contrast to the overall downward trend in European markets, the UK's FTSE 100 bucked the trend with a modest increase. The index rose by 6.6 points, or 0.08 percent, closing at 8,292. This slight gain in the UK's benchmark index stands out against the broader decline observed across European stock exchanges.
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