European stock markets closed on the positive

Европейские рынки акций закрылись на позитиве

European stocks edged higher following yesterday’s auction, investors evaluated the reports and followed the news about the gradual opening up of the economies in the countries of the region.

The composite index of the largest enterprises of the region Stoxx Europe 600 rose 0.98% to 342,82 points.

Britain’s FTSE 100 rose 1.08 percent, the German DAX up 1.34%, the French CAC – on 0,87%. The Italian FTSE MIB and Spanish IBEX 35 gained of 1.05% and 1.13%, respectively.

Shares of British retailer Marks & Spencer Group Plc (M&S) rose by 10.8%. The company recorded a drop in pre-tax profits in the 2020 financial year amid rising costs associated with the pandemic coronavirus. The retailer also unveiled a plan of measures to exit the crisis associated with the pandemic coronavirus, in the amount of 1 billion pounds.

The price of securities of the operator of the credit Bureau Experian (LON:EXPN) rose 7.4%, despite the fact that the company predicted a drop in organic revenue in the 1st finkvartal 5-10% in case of preservation of negative impact on the business constraints associated with COVID-19.

Stock quote Danone SA (PA:DANO) grew by 0.5%. French manufacturer of food and water confirmed the intention to pay dividends for 2019, despite the pandemic coronavirus.

Shares of Franco-Dutch Air France-KLM fell by 0.5%. Largest carrier of Europe decommissions aircraft Airbus A-380 is ahead of schedule on the background of the crisis caused by the pandemic coronavirus infection COVID-19, and its implications for business activity.

Paper-the British machine-building holding Rolls-Royce (LON:RR) Holdings Plc rose 2.3%. The company announced plans to lay off 9 thousand employees within a major restructuring due to the expectation of reduced demand from manufacturers of civil aircraft on the background of the pandemic coronavirus.

At the outset of this week’s optimism in world markets weakened after the medical edition of Stat questioned the message of the biotech company Moderna Inc. about the successful results of the first phase of testing the vaccine against the coronavirus. In-Stat noted that Moderna has not provided enough information to judge the results of the research.

Statistical data, published on Wednesday, pointed to slowing inflation in the UK in April to nearly four-year low. Consumer prices in the country last month rose by 0.8% yoy – the weakest rate since August 2016, according to data of the National statistical office (ONS) of the country. Thus, the inflation rate slowed down compared to March of 1.5%. Experts on average had expected weakening of growth in consumer prices to 0.9%, according to data from Trading Economics.

Producer prices in April fell by 0.7% in annual terms, after rising 0.3% in March. The fall of producer prices recorded for the first time since June of 2016, and it was the strongest March 2016. Experts had expected a decline of producer prices by 0.4%.

Meanwhile, consumer prices in the Eurozone in April 2020 rose 0.3% in annual terms, according to final figures from the Statistical office of the European Union. This is the minimum rate of rise from August 2016.

Preliminary data estimated April inflation at 0.4%. Analysts do not expect the revision of the indicator, according to data from Trading Economics.

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