2024-07-07 13:28:35
The leading European stock exchanges ended trading lower on the last day of the week. Investors are evaluating how the decisive victory of the Labor Party in the parliamentary elections in Great Britain after 14 years of conservative rule will affect the markets, reported CNB. The markets are also influenced by the uncertainty before the upcoming second round of the early parliamentary elections in France on Sunday, July 7.
In Frankfurt, the leading DAX index fell 24.97 points, or 0.14 percent, to 18,475.45.
The Paris CAC 40 lost 20.16 points, or 0.26 percent, to 7,675.62 points.
The London Stock Exchange’s FTSE 100 was down 118.34 points, or 0.35, at 33,987.67.
The pan-European Stoxx 600 fell by 0.94 points and ended the week at 516.6 points.
The shares of the British banking giant H SBC (HSBC) fell today by 2.56 percent, according to CNB, writes BTA.
Sources familiar with the situation have told Bloomberg that French bank BNP Paribas and Swiss banking group UBS are “showing interest” in acquiring the German division of HSBC, specialized in asset management.