European stocks have shrunk as global Coronavirus Caseload rose Tuesday to more than 187 million and investors focused on US inflation data in June.
After rising 0.7% on Monday, the Pan European Stocks 600 fell 0.1% to 460.29. The German DAX fell 0.1%, the French CAC 40 index fell 0.2%, while the UK FTSE 100 rose 0.1%.
ING decreased by 0.5%. The Dutch bank has agreed to transfer its operations from commercial banks in Austria to bank99, Austrian Post Bank, Austrian postal service.
Nokia, the Finnish telecommunications manufacturer, grew by 7.7%. Following a better second quarter than expected, the company said it was likely to develop a full-year guideline.
The Bank of England has lifted interest rates that were introduced during the epidemic, and banks are rooted in London as a result of recent pressure test results and unexpected financial losses.
Barclays increased by 0.7%, Standard Chartered Bank increased by 0.6%, and Lloyds Banking Group increased by about 2%.
Miners Anglo American and Rio Tinto each increased about 1 percent after data showed that China's exports grew much faster than expected in June.
Health software and program provider EMIS Group increased by 0.7%. According to the company, trading in the first quarter, which closed on June 30, was slightly higher than expected.
The Phoenix retirement group rose sharply with the news of the sale of the Ark Life Assurance Company to the Irish Life pension fund for £ 197m.
In Paris, the LVMH allocation was virtually unchanged. Moet Hennessy, a luxury wine and spirit of the luxury goods industry, will form a 50/50 partnership with Italian spirits company Campari Group to establish an e-commerce player for wines and pan pan European Europe by Tanico Annured.
Gerresheimer AG's share price fell by 7%. German drug cartel manufacturers reported that shareholders' second-quarter revenues were € 28.13 million, slightly below € 28.99 million last year.
In the economic announcement, Germany's consumer price index dropped in June for the first time in six months, according to the latest data from Desatis.
Consumer price index rose 2.3% year-on-year after a 2.5% increase in May. This was the highest rate of increase in nearly a decade.
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