The stock markets fall to end the semester - Finance

The stock markets fall to end the semester – Finance

Advertisements

Advertisements

European equity markets ended the semester on a largely negative note. Major indexes fell more than 2% as a series of economic indicators stoked recession fears.

In Germany, the unemployment rate jumped from 5% to 5.3% in June and in the United States, real household spending fell 0.4% in May.

News: Uniper – Engie

In business news, Unite (-14.3%) plunged in the stock market after suspending its forecast for the whole year and seeking help from the German state. The energy group explains that it has not received any Gazprom than 40% of the gas volumes agreed by contract since mid-June. He therefore had to look for other, more expensive sources of supply without succeeding in adapting his selling prices. A threat that weighs on all gas and electricity groups in Europe, especially since the situation could get even worse. The NordStream gas pipeline linking Germany and Russia will be closed for maintenance in July and observers fear that Russia will not restart it afterwards.

Euronext Brussels: Elia – DEME / Aperam – KBC

On Euronext Brussels, Elia (+1.4%) escaped the ambient gloom thanks to its defensive profile.

DEME Group (+9.4%) jumped for its first session after its split from CEFE, whose tumble of more than 90% today is essentially technical.

On the downside, the stainless steel producer Aperam (-7.6%) was the main victim of fears about the economy within the Bel 20.

KBC (-5.1%) also fell sharply against a backdrop of lower rates. The Belgian 10-year yield fell from 2.25% to 2% in two days.

In Germany, the unemployment rate jumped from 5% to 5.3% in June and in the United States, real household spending fell by 0.4% in May.News: Uniper – EngieIn business news , Uniper (-14.3%) plunged on the stock market after suspending its full-year forecast and seeking help from the German state. The energy group explains that it has only received from Gazprom 40% of the gas volumes agreed by contract since mid-June. He therefore had to look for other, more expensive sources of supply without succeeding in adapting his selling prices. A threat that weighs on all gas and electricity groups in Europe, especially since the situation could get even worse. The NordStream gas pipeline linking Germany and Russia will be closed for maintenance in July and observers fear that Russia will not relaunch it afterwards. Euronext Brussels: Elia – DEME / Aperam – KBCOn Euronext Brussels, Elia (+1.4% ) escaped the ambient gloom thanks to its defensive profile. DEME Group (+9.4%) jumped for its first session after its split from CEFE, whose tumble of more than 90% today is essentially technical. declines, the stainless steel producer Aperam (-7.6%) was the main victim of fears about the economy within the Bel 20. KBC (-5.1%) also fell heavily on a background of easing rates . The Belgian 10-year yield fell from 2.25% to 2% in two days.

.

Leave a Comment

Your email address will not be published.