Decline in stock markets despite the slowdown in German inflation - Finance

Decline in stock markets despite the slowdown in German inflation – Finance

Advertisements

Advertisements

European stock markets closed lower after a volatile session marked by the first inflation figures for June in Europe.

In Spain, the rise in prices accelerated to reach 10%, while in Germany the slowdown in inflation was more pronounced than expected, which relieved the bond markets. However, this was not enough to eclipse the recession fears of equity investors.

News: Just Eat Takeaway.com – Deliveroo

In business news, Just Eat Takeaway plunged 16.5% and hit an all-time low on Euronext Amsterdam. The Dutch group had announced the sale of its American subsidiary GrubHub in April to refocus on the European market. But the CEO of GrubHub said on Tuesday evening that the split was not imminent and that the company was above all looking for a partner. These statements accentuate the doubts of the markets on the resale of GrubHub at a decent price. Just Eat Takeaway had indeed announced the takeover of the American company in 2020 for 7 billion dollars. Since then, the end of sanitary measures has plagued the meal delivery sector, Deliveroo also hit all-time lows this month.

Euronext Brussels: ArgenX – D’Ieteren / VGP – Mithra

On Euronext Brussels, the days follow one another and are alike for SilverX (+1.8%) which set a new record on Wednesday.

D’Ieteren Group (+1.7%) for its part regained color after its fall in recent weeks.

On the downside, logistics real estate companies had a dark day like VGP (-5.6%) in a context of pressure on interest rates and a slowdown in e-commerce.

Off index, Mithras (-6.5%) is struggling to confirm its rebound from last week.

In Spain, the rise in prices accelerated to reach 10%, while in Germany the slowdown in inflation was more pronounced than expected, which relieved the bond markets. That was not enough to eclipse equity investors’ fears of recession, however. News: Just Eat Takeaway.com – Deliveroo Euronext Amsterdam. The Dutch group had announced the sale of its American subsidiary GrubHub in April to refocus on the European market. But the CEO of GrubHub said on Tuesday evening that the split was not imminent and that the company was above all looking for a partner. These statements accentuate the doubts of the markets on the resale of GrubHub at a decent price. Just Eat Takeaway had indeed announced the takeover of the American company in 2020 for 7 billion dollars. Since then, the end of sanitary measures has plagued the meal delivery sector, Deliveroo having also reached historic lows this month.Euronext Brussels: ArgenX – D’Ieteren / VGP – MithraOn Euronext Brussels, the days follow one another and look alike for ArgenX (+1.8%) which set a new record on Wednesday. D’Ieteren Group (+1.7%) for its part recovered after its fall in recent weeks. real estate logistics had a dark day like VGP (-5.6%) in a context of pressure on interest rates and a slowdown in e-commerce. Excluding the index, Mithra (-6.5%) barely to confirm its rebound from last week.

.

Leave a Comment

Your email address will not be published.