Financial News

The European STOXX 600 index closed down 0.77% at 510.03 points, marking its fifth consecutive trading day of decline, with a total drop of 2.68% for the week, having fallen below both the 50-day and 100-day moving averages. The Eurozone STOXX 50 index fell by 0.88% to 4827.24 points, also down for five days in a row, with a weekly decline of 4.28%, sliding below the 50-day and 100-day moving averages on Monday (July 15). The FTSE EPRA/NAREIT Europe 300 index decreased by 0.72% to 2021.04 points, with a total weekly decline of 2.77%.

Among the blue-chip stocks in the Eurozone (comprising the Eurozone STOXX 50 index), Infineon fell by over 3.9%, while Bayer, Munich Re, BASF, Adidas, Adyen, Prosus, Stellantis, and Pernod Ricard fell between 2.63% and 2.01%. Conversely, Luxottica, in which Mark Zuckerberg holds shares, rose approximately 0.1%, and Sanofi, SAP, Airbus, and Schneider Electric saw increases up to 0.95%. Among all components of the European STOXX 600 index, Sartorius Biotechnology dropped 16.32%, Sartorius fell 15.24%, gaming company Ubisoft Entertainment plummeted 14.04%, and Volvo Group decreased by 8.58%, making it the fifth-largest decline, while Burberry (BRBY) fell 7.23%, the ninth-largest drop. Weight-loss drug producer Zealand rose 1.65%, leading the pack, and Novo Nordisk increased by 2.15% but did not make the top ten. Rolls-Royce saw an increase of 2.65%, ranking eighth, Vestas Wind Technology rose by 3.49%, Danske Bank increased by 7.69%, and Tomra Systems surged by 13.28%.

Among national indices, Germany's DAX 30 index closed down 1.00% at 18171.93 points, with a total drop of 3.07% for the week. France's CAC 40 index decreased by 0.69% to 7534.52 points, accumulating a weekly decline of 2.46%. The Netherlands' AEX index fell by 0.95%, with a total weekly drop of 3.98%. Denmark's OMX Copenhagen 20 index edged up by 1.71%, despite a weekly decline of 5.81%. There was no trading information from 18:53 to 22:54 Beijing time, contributing to a total weekly drop of 1.05%. The FTSE MIB index in Italy fell by 0.42%, with a total weekly rise of 1.17%. The UK's FTSE 100 index closed down 0.60% at 8155.72 points, with no trading data reported from 18:54 to 22:54 Beijing time, resulting in a total weekly decline of 1.18%. The FTSE 250 index decreased by 0.78%, with a total weekly decline of 0.64%, and the FTSE 350 index fell by 0.63%, accumulating a weekly drop of 1.10%. The Athens Stock Exchange composite index in Greece saw a weekly increase of 0.83%.