Europe closes mixed on earnings

Tuesday, 03. August 2021 17:35

Major stock markets in Europe closed mixed on Tuesday, as investors hoped the latest batch of corporate quarterly earnings reports published today will give them an indication of the state of the wider economy. Stellantis reported a yearly revenue surge for the first half of the year, joining BP, BMW, Standard Chartered, and Societe Generale, in releasing its earnings report today. Meanwhile, the European Union stated that they will accept Sputnik V COVID vaccination certificates from San Marino, opening up an avenue for the vaccine to be more widely accepted in the bloc.

The DAX closed 0.09% in the red, with BMW dropping 4.96%. The FTSE 100 ended 0.39% higher, led by BP plc rising 5.78%. The CAC 40 finished up by 0.74%, as Societe Generale gained 5.65%.

The euro lost 0.10% against the dollar trading for $1.18579 at 5:33 pm CET, while the pound gained 0.10% against the American currency changing hands for $1.38970 a minute later.

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