Tags: European Economy, European Stock Market, Stock Market

European Stocks Climbed, FTSE 100 Index Led 0.88%

On Friday, July 30, European stocks climbed led by the FTSE 100 Index by 0.88% while Asia Pacific stocks crashed.

The pan-European STOXX 600 gained 0.46% or 2.14 points to $463.84 per share. The same with the Euro STOXX 50 which was up 0.33% or 13.74 points to $4,166.77 per share.

In the London Stocks Exchange, the FTSE 100 Index and the FTSE All-Share Index both spiked 0.88% or 61.79 points to $7,078 and 0.75% or 30.04 points to $4,054, respectively.

The former’s gains were led by Rentokil Initial which progressed 6.75% or 35.60 points to $785.22.

It was followed by Informa and Anglo American which both rose 5.74% or 27.80 points to $713.81 and 5.36% or 167.50 to $4,592.75, respectively.

Likewise, Germany’s DAX Index also progressed by 0.45% with a net increase of $70.11. This sent the stocks higher at $15,640 per share.

Deutsche Bank led its gains by 3.03% or 0.32 points to $12.85 per share.

This was followed by Daimler and Infineon Technologies which both jumped 2.82% or 2.09 points to $90.46 and 2.59% or 0.83 points to $38.88, respectively.

Additionally, the MDAX Performance Index ameliorated 0.21% with a net gain of $72.22. This sent the stocks above at $35,273 per share.

Its best performers include MorphoSys which soared 4.85% or 2.19 points to $56.24 per share.

This was followed by GEA Group and Cancom which both boosted 4.38% or 1.56 points to $44.20 and 2.97% or 1.52 points to $62.68 per share, respectively.

Asia Pacific Stocks Crashed

Furthermore, Asia Pacific stocks crashed after yesterday’s climb. The fall was led by Hong Kong’s Hang Seng Index which tumbled 2.10% or 553.30 points to $25,762 per share.

In the Tokyo Stock Exchange, the Nikkei 225 led the losses by 1.56% with a net loss of $432.23. This sent the stocks below at $27,350.19 per share.

It was followed by the broader TOPIX Index which also declined 1.17% with a net change of $22.60 which sent the stocks to $1,904.83 per share.

Consequently, the KOSPI of South Korea plummeted 1.01% with a net fall of $32.77. This sent the stocks to the bottom at $3,209.88 per share.

Moreover, China’s Shanghai Composite and Shenzhen Component Index both sank 0.53% or 18.12 points to $3,393.60 and 0.48% or 70.19 points to $14,445.14, respectively.

Additionally, Australia’s ASX 200 fluctuated 0.01% or 0.40 points to $7,417 per share.

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