European Equities Close Mostly Higher in Friday Trading; German Inflation Rises 2.1% in May

MT Newswires Live
05-31

The European stock markets closed out the week mostly higher in Friday trading as the Stoxx Europe 600 rose 0.11%, Germany's DAX gained 0.31%, the FTSE 100 was up 0.64%, the Swiss Market Index increased 0.33%, while France's CAC 40 was down 0.36%.

In Germany, the annual inflation rate is an estimated 2.1% in May, according to the Federal Statistical Office. The FSO said that based on the available results, it expects consumer prices will rise 0.1% compared with April. Core inflation, which excludes food and energy, is expected to be 2.8% in May, the FSO reported. Analysts were expecting a 2.1% inflation rate, according to Bloomberg.

In Spain, the Spanish Statistical Institute reported that its flash estimates peg annual inflation for May at 1.9%, down from 2.2% in April. The deceleration was attributed to declining leisure and culture prices. The rate was below analyst forecasts of 2.1%, according to Bloomberg.

And in corporate news, French pharmaceutical company Sanofi and Regeneron Pharmaceuticals said Friday that one of the phase 3 trials of itepekimab to treat former smokers with chronic obstructive pulmonary disease met its primary endpoint, while another did not meet the same primary endpoint.

Shares of Sanofi fell nearly 5% in Paris trading.

French oil and gas company TotalEnergies and RGE said Friday their joint venture Singa Renewables has received a conditional license from Singapore's Energy Market Authority to import 1 gigawatt of renewable power from Indonesia. The companies said their solar and battery storage project in Indonesia will supply clean firm power to "energy-intensive" customers in Singapore.

Oil and gas giants Shell and Exxon Mobil are seeking proposals for services to transport and store carbon dioxide, Bloomberg News reported Friday, citing a spokesperson of Singapore's Energy Market Authority. Exxon and the Singapore Energy Market Authority did not immediately respond to MT Newswires' request for comment.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10