European equities continue its negative territory on Tuesday’s trading session, todays loses were led by the decrease in the banking sector which suffers from the news that came from Italy and Greece. Banks were affected after concerns over a potential early election in Italy, in addition the concerns that Greece may fail to pay its next debt repayments put a pressure on the banking sectors.
In the release front German inflation fell more than expected in May, with the flash estimate showing consumer prices dropped 0.2% this month compared with forecasts of a 0.1% decline, also economic confidence in the Eurozone slipped in May to 109.2, missing expectations.
The U.K. stock market closed in the red after four consecutive trading sessions in the green, the decline in the shares of British Airways-parent International Consolidated Airlines Group SA led the FTSE 100 lower, the index declined 0.3 percent to close at 7,526.51.
The British airways share ended Tuesday’s session down by 1.41 percent after a computer glitch at the carrier over the weekend, expectations that the IT problem could cost the company around $111 million.
Today’s losers outnumbered the gainers on the FTSE 100 by 57 to 42 with 2 flat shares.
The session’s best performers on the FTSE 100 were, 3i Group PLC surging by 2.30%, Tui AG adding 23points and GlaxoSmithKline PLC gaining 1.80% settling at 1,673.33
The session’s worst performers on the FTSE 100 were, Mediclinic International PLC falling by 3.25%, Shire PLC dropping 148.5 points and Informa PLC shading 2.76% ending at 668.97.
German shares were marginally lower ending above their session’s low, raged down by the losses in Telecoms, Chemicals and Insurance sectors, with the DAX falling by 0.24 percent settling at 12,598.68.
Losers on DAX marginally outnumbered the gainers by 17 to 12 with 1 unchanged share.
The session’s best performers on the DAX were, Deutsche Boerse AG which rose 1.15% or 1.050 points to trade at 92.110 at the close. Meanwhile, Lufthansa AG VNA O.N. added 1.00% or 0.170 points to end at 17.190 and Heidelbergcement AG O.N. was up 0.79% or 0.6500 points to 83.2100 in late trade.
The session’s worst performers on the DAX were, Deutsche Bank AG NA O.N. which fell 1.80% or 0.295 points to trade at 16.135 at the close. Linde AG O.N. declined 1.58% or 2.70 points to end at 168.65 and Fresenius SE & Co KGAA O.N. was down 1.04% or 0.790 points to 75.500.
French equities settled slightly lower after the rebound in the Basic Materials, Financials and Industrials sectors, as the losses in the Financials sectors weighted on the market, where the CAC 40 ending 0.50% lower at 5,305.94.
CAC 40 losers outnumbers the gainers by 23 to 17.
The session’s best performers on the CAC 40 were, Publicis Groupe SA which rose 2.82% or 1.89 points to trade at 68.84 at the close. Meanwhile, Atos SE added 2.43% or 3.00 points to end at 126.25 and Engie SA was up 0.87% or 0.12 points to 13.37 in late trade.
The session’s worst performers on the CAC 40 were, Air Liquide SA which fell 1.63% or 1.80 points to trade at 108.90 at the close. Societe Generale declined 1.43% or 0.71 points to end at 49.02 and Carrefour SA was down 1.23% or 0.29 points to 23.35.
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