European bags ‘double their hands’ at the end of the session


Main European stock markets They fell at the end of Monday’s operations, amid expectations that the US-led attacks on Syria will not escalate. It is expected that during the session the United States will announce the new sanctions it is preparing against Russia for its support to the Bashar al-Assad. In this context, the FTSE-100 index of the London Stock Exchange fell to 0.93 percent, to settle at 7 thousand 196.64 units; in the Paris stock exchange, the CAC-40 index ended with a low value of 0.04 percent, to 5,312.96 units. For its part, the DAX-40 index of the Frankfurt Stock Exchange gave 0.41 percent, to 12,391.41 units and the Swiss SMI index lost 0.58 percent, to 8,725.50 units. While the Ibex-35 index of the stock market of Madrid ended with a marginal low of 0.01 percent, to 9 thousand 766.10 units and the Mibtel of Milan closed stable on the 23 thousand 329.31 units. While the Mibtel of the Milan stock exchange remained stable above 23 thousand 329.31 units, while the PSI index of Lisbon fell 0.43 percent, to be placed at 5 thousand 453.97 units. The shares of some companies with exposure in Russia had weak performances because the market expects new sanctions against that country. Shares of the precious metals producer Polymetal fell 9.4 percent, and those of the miner Evraz lost 6.8 percent. In another sector, the shares of the WPP advertising group sank 6.1 percent after its CEO and founder Martin Sorrell resigned, although they regained some ground over the end and ended up with a 2.1 percent drop. Conversely, shares of telecoms firm Altice rose 5.4 percent after reports that French conglomerate Bouygues is evaluating making an offer for Altice France with other investors. In the currency market, the euro won for the second day against the dollar and stands at 1.2371 per dollar, for a gain of 0.32 percent from the previous close. For its part, the pound added gains against the US currency, to stand at the level of 1.4329 units, exceeding the maximum level of ten weeks that touched on Friday before the expectations of a rise in interest rates of the Bank of England on next month. The dollar has lost ground against other major currencies as markets evaluate the consequences of US missile attacks on Syria on Friday, although losses have been limited in the face of expectations that the conflict will not continue to worsen. Among the news highlighted in the day, Foreign Ministers of the European Union they were reluctant to join the United States in imposing new economic sanctions on Russia or Syria for alleged chemical attacks that generated the first coordinated bombings of Western powers in Syria. After the United Kingdom and France joined the United States in attacks targeting Syrian chemical weapons installations, Western leaders emphasized diplomacy with a meeting of European Union foreign ministers in Luxembourg. With information from Reuters and Notimex.


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