European Stock Markets Close Mixed After Rally On Price

PT Equityworld – European stock markets closed mixed on weekend trading on Friday (17/02), moving backwards after a strong rally earlier this week, as investors digested economic data and earnings reports issuer.

The FTSE index ended at 7299.96, up 22.04 points or 0.30%. For the week the index rose 0.57 percent.

DAX index ended at 11757.02, down -0.22 points or 0%. For the week the index was up 0.77 percent.

CAC index ended at 4867.58, down -31.88 points or -0.65%. For the week the index rose 0.81 percent.

IBEX 35 index ended at 9500.30, down -54.40 points or -0.57%. For the week the index rose 1.30 percent.

The pan-European index Stoxx 600 rebounded from earlier losses to close flat with major stock exchanges were mixed, and the majority of sectors in negative territory.

Banking stocks were among the worst performers on Friday, with shares of auto and basic resources posted weaker.

Shares of oil companies and chemical Dutch Vopak is under the European benchmark, fell about 7.1 percent.

Elsewhere, Unilever ended up near the top of the European benchmark on Friday after Kraft-Heinz said it had made a bid for the company. Unilever jumped more than 13.4 percent higher in London.

Nvestasi property and development company SEGRO climbing 3.1 percent after announcing earnings rise and said demand is rising.

German insurer Allianz announced a stock buyback on Thursday evening and reported a 23 percent rise in annual net profit for the last quarter. Its shares closed down by more than 2.81 percent.

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