European stock indices closed with growth, Stoxx 600 approached record

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The composite index of the largest enterprises in the region Stoxx Europe 600 by the end of trading rose by 0.3%, that is, to 474.6 points. The current value is very close to the all-time high of 476.16 points.

The British FTSE 100 rose 0.2% on the day, Germany's DAX climbed 0.1%, the French CAC 40 rose less than 0.1%, and the Italian FTSE MIB climbed 0.2%. Meanwhile, Spain's IBEX 35 lost 0.1%.

Swedish Orphan Biovitrum, a Swedish pharmaceutical company, soared 26% on news of its purchase by American investment firm Advent International and Singapore's GIC sovereign wealth fund for $ 8 billion.

Polish video game developer CD Projekt jumped 11.5%, UK engineering firm Melrose Industries jumped 7.2% amid strong 1H financials.

Stellantis' capitalization rose 1.7% after the French-Italian automaker announced the purchase of a US finance company for $ 285 million.

ENI shares gained 1.3% on news that the Italian company has discovered a large oil and gas field off the coast of Ivory Coast.

Following the rise in oil prices, TotalEnergies rose 1.3%, BP rose 1.9%, and Royal Dutch Shell also climbed 1.9%.

Meanwhile, Barratt Developments Plc's share price fell 4.5% despite a positive year-on-year. The British real estate company increased revenue for the 2021 fiscal year, which ended June 30, by 41%, pre-tax profit increased by 65%.

Traders this week await the release of official data on the state of the US labor market last month. Experts expect that the number of jobs in the country's economy increased by 943 thousand, and unemployment dropped to 5.2% from 5.4% in July.

The publication of these data may affect the decision of the Federal Reserve System regarding the timing of the start of the curtailment of the asset repurchase program, as well as the direction of the policy of the central banks of European countries.

Meanwhile, it became known yesterday that the number of Americans who applied for unemployment benefits for the first time last week decreased by 14 thousand, that is, to 340 thousand people. This is the lowest figure since March 2020. Analysts on average expected a decrease to 345 thousand.

Switzerland's GDP in the second quarter grew at a record 7.7% year-on-year, official data show. A year earlier, the Swiss economy collapsed 7.4% amid the COVID-19 pandemic in a record recession.

Switzerland's GDP in April-June increased by 1.8% compared to the previous three months.

The material has been provided by InstaForex Company - www.instaforex.com

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