European stocks were mixed on Thursday as investors were keeping an eye on oil prices. Oil prices rebounded from seven-month lows; however the prices of oil are under pressured by the high supply despite the OPEC effort to balance the market. Also, the increase in oil prices led the Energy’s stocks to close higher on Thursday.
Moreover, on Thursday, the secret Health-care reform bill was released by the senate GOP leaders, where the said that they would repeal Obamacare Taxes, and restructure subsidies to insurance customers. The republicans would provide this project to a quick vote next week, but they face some opposition on this project from several members.
Investors are waiting for the European Council meeting result; where this meeting takes two day and it started on Thursday. European Union leader are focusing on two objectives, Europ strength and protect European citizens. However the Prime Minister of UK Teresa May is expected to provide the leaders of U.K with U.K’s intention when it comes to exiting the political-economic bloc.
UK equities were weaker on Thursday, as as the losses generated by Industrials, Utilities and Consumer non-cyclicals sectors, where FTSE 100 declined by 0.11% at 7439.29.
Failing stocks outnumbered the raising ones by 62 to 36, while 3 shares remain flat.
The best performers of the session on the FTSE100 were Shire PLC which rose 3.72% to trade at 4537.83 at the close. Meanwhile, Provident Financial PLC added 3.64% to end at 2446.71 and ConvaTec Group PLC was up 2.35% to 334.90 in late trade.
The worst performers of the session were United Utilities Group PLC which fell 4.21% to trade at 902.26 at the close. Hargreaves WM Morrison Supermarkets PLC declined 2.71% to end at 242.43 and Tui AG was down 2.17% to 1124.49.
Germany’s equity were higher as the gains generated by Healthcare, Technology and cosumer cyclicals sectors, where DAX30 rose by 0.15% at 12794.
Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 17 to 12 and 1 ended unchanged.
The best performers of the session on the DAX were Thyssenkrupp AG O.N., which rose 4.57% to trade at 25.300 at the close. Meanwhile, Merck KGaA added 2.48% to end at 111.70 and Volkswagen AG was up 1.81% to 134.65 in late trade.
The worst performers of the session were Linde AG, which fell 1.59% to trade at 173.20 at the close. Heidelbergcement AG declined 1.21% to end at 85.78 and Deutsche Bank AG was down 0.99% to 18.05.
French equities were higher on Thursday as the gains generated by Healthcare, Technology and Industrials sectors, were CAC40 rose by 0.15 at 5281.93.
Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 25 to 14 and 1 ended unchanged.
The best performers of the session on the CAC 40 were ArcelorMittal SA , which rose 3.10% to trade at 18.77 at the close. Meanwhile, Sanofi SA added 2.41% to end at 88.650 and Schneider Electric SE was up 2.15% to 70.460 in late trade.
The worst performers of the session were Bouygues SA, which fell 1.36% to trade at 38.895 at the close. Sodexo SA declined 1.14% to end at 117.20 and Danone SA was down 0.97% to 67.65.
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