Wednesday, July 27, 2016

positive note for the European stock exchanges at closing – Reuters

PARIS (Reuters) – European shares ended on a positive note Tuesday after an uneven session as Wall Street is in the red on the yen rise background and falling oil prices, at their lowest since May.

in general, investors opted for caution pending monetary policy conclusions of the meetings of the Federal Reserve and the Bank of Japan, Wednesday and Friday.

In Paris, the CAC 40 closed up 0.15 % (6.77 points) to 4394.77 points. The UK Footsie took 0.21% and the German Dax 0.49%. The EuroStoxx 50 index ended up 0.19% and the FTSEurofirst 300 of 0.23%.

in the absence of clear sectoral trend, results and publications were the source of the most significant shifts.

At the Paris Bourse, Orange sold 3.73% after have reported a steeper decline than expected sales in France in the second quarter despite strong commercial performance, penalized by the battle raging promotions on its main market.

however, Faurecia has won 4.30%, the automotive supplier has raised its annual targets given the strong growth in Europe and a rebound in profitability in North America.

Commerzbank ended down 5% on the Frankfurt Stock Exchange after the announcement by the German bank to an operating profit and a ratio of core capital decreased in the second quarter.

at the Milan Stock Exchange, the public group ATC Enav closed up 10.61% for the first trading day after the assignment last week 47% of the capital by the Italian state.

however, the media group Mediaset fell 6.93% after announcing that Vivendi did not want to redeem all of its subsidiary pay TV, as agreed in April. More …

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