Europe shares end mostly lower amid US tech selloff
FTSE up 0.28%; DAX down 0.45%; CAC 40 down 0.12% (Il Sole 24 Ore Radiocor) - London, 17 Jul - European shares closed mostly lower extending yesterday's losses as sentiment soured due to the large cap tech sell off in the US. Investors monitored fresh earnings reports from major European companies including ASML, Mulberry Group and Handelsbanken.
While on the data front, in June consumer prices in the eurozone rose by 2.5% compared to the year earlier, down from 2.6% the previous month and in line with preliminary indications, data from European Union statistical office Eurostat showed.
Compared to the month earlier, consumer prices in the eurozone rose by 0.2%.
Traders also continued to asses the impact an assassination attempt on former US President Donald Trump at a rally over the weekend that boosted expectations the Republicans will win the presidential elections against incumbent Joe Biden.
Data from betting marketplace PredictIt indicated his chances have ticked higher to more than 65%, putting him in a strong position with just over three months to go before the vote.
The London FTSE 100 closed up 0.28% at 8,187.46 points, the Frankfurt DAX dropped 0.45% at 18,440.93 points, the Paris CAC 40 fell 0.12% at 7,570.81 points, while in Milan the FTSE MIB added 0.03% at 34,379.64 points, and in Madrid the IBEX 35 closed 0.14% higher at 11,106.04 points.
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(RADIOCOR) 17-07-24 18:01:12 (0595) 5 NNNN