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How Did European Stocks Close?

Jul 02, 2018

European stocks ended lower today as a political crisis develops in Germany. Major European indices were all lower, with the Euro Stoxx 600 -0.84%, the FTSE 100 -1.17%, the DAX -0.55%, and the CAC40 -0.88%. Periphery markets fell as well, with Italy’s MIB -0.92%, Spain’s IBEX -0.67%, Portugal’s PSI 20 -0.73%, and Greece’s ASE -1.24%. The VSTOXX ended up 136 basis points, or +8.19%, to 18.00. Yield on the UK 10 year fell 2.6 basis points to 1.254%, while the yield on the Italian 10-year fell 3.4 basis points to 2.645%.

*Data in Price Return, Source: Stockdio

Stocks Trending in the News

Airbus SE (ENXTPA:AIR) announced that it will miss its delivery date for its A320 neo narrow-body jets this year, due to issues with the Pratt & Whitney engines used in the aircraft caused a three-month delay in shipping. Shares of Airbus SE traded 2.54% lower

BP (LSE:BP) has announced that it is opened a new $ 28 billon gas pipeline in Azerbaijan. Named the Shah Deniz 2, the pipeline will transport gas to Turkey, and eventually to other places throughout Europe

Siemens AG (DB:SIE) has been downgraded to hold at Kepler Cheuvreux, down from a buy rating. Siemens traded 0.23% lower today