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How Did European Stocks Close?

Jun 26, 2018

European stocks failed to find any direction and finished mixed today, with the Euro Stoxx 600 +0.02%, the FTSE 100 +0.37%, while the CAC 40 edged 0.05% lower and the DAX declined 0.29%. Periphery markets closed mostly higher with Spain’s IBEX +0.20%, Italy’s FTSE MIB +0.30%, Portugal’s PSI 20 +0.79%, while Greece’s ASE fell 1.05%. The VSTOXX finished down 3.53%, or 63 basis points, to 17.24. Yield on Italy’s 10-year rose 6.8 basis points to 2.8815, while the yield on the German Bund increased by 1.4 basis points to 0.337%. French treasuries were lower today, with the yield on the French 10-year up 2.2 basis points to 0.733%. EUR€ (-0.39%), GBP£ (-0.35%), SEK (-0.28%), and CHF (-0.37%) are all weaker against the USD$ today.

*Data in Price Return, Source: Stockdio

Stocks Trending in the News

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BASF SE (DB:BAS) announced that an EU merger probe of Solvay’s nylon business will take longer than expected and extended the closing date beyond the company’s initial target in 3Q2018. Shares of BASF finished down 1.10%

BNP Paribas (ENXTPA:BNP) is facing $750 million worth of litigation risks, including a suit in the US that accuses the company of manipulating interest-rate swap and credit default swap platforms, silver, SSA bonds, and US treasuries.

Daimler AG (XTRA:DAI) is investing $700 million into expanding Mercedes production plant in South Africa, doubling down on its commitment to the continue operations in the country as South African President Cyril Ramaphosa attempts to repair the country’s economy

E.ON SE (DB:EOAN) shares traded 2.07% higher today after the company announced the completion of the sale of its stake in Uniper SE to Fortum OYJ for €3.8 billion