European shares closed mostly lower on Wednesday (19/6), losing the positive momentum seen in the previous session. Among the exceptions, however, was Britain’s FTSE, which rose 2% after positive UK inflation data came in line with expectations.
In particular, the pan-European Stoxx 600 closed 0.2% lower at 514.14 points, with the main stock exchanges and sectors changing. Technology shares led the losses, down 1.15%, while mining stocks added 0.65%.
In terms of major European indices, Germany’s DAX fell 0.36% to 18,067.56 points, Britain’s FTSE 100 gained 0.20% to 8,205.11 points and France’s CAC 40 lost 0.77% to 7,570.20 points.
Regionally, Italy’s FTSE MIB fell 0.39% to 33,372.00, Spain’s IBEX 35 fell 0.10% to 11,056.40 and Portugal’s PSI lost 0.44% to 6,541.80.
At the same time, it is recalled that in Britain, inflation rose to 2.0% annualized in May, to meet the Bank of England’s target ahead of the interest rate decision on Thursday (20/6). The Bank is widely expected to keep interest rates steady at 5.25%, with most economists polled by Reuters predicting a cut in August.
At the same time, sterling rose slightly after the announcement and traded at $1.2722 at 16:35 London time.
In terms of share performance, Games Workshop added 9% after the British company forecast a higher pre-tax profit of 200 million pounds ($254.4 million) in a full-year period. trade update.
At the same time, data from the eurozone on Tuesday (18/6) showed that inflation in the eurozone increased at an annual rate of 2.6% in May, from 2.4% in April, the EU statistics office confirmed Eurostat at the last reading, while annual inflation in the wider EU was 2.7%, up from 2.6% last month.
Asia-Pacific markets rose mostly overnight, after key US benchmarks hit new highs on Tuesday as artificial intelligence chip maker Nvidia topped Microsoft and became the most valuable public company in the world.
Finally, remember that the money markets in America they are closed for the June holiday