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european stocks

European Stocks Mixed ahead of Central Bank Meetings

On Tuesday, European stocks grappled for direction as investors focused on the three key central bank meetings in Europe and the United States this week.

The pan-European Stoxx 600 climbed 0.07% or 0.35 points to $473.18 per share, slightly lower from its 0.40% climb in early trade.

Correspondingly, Swiss pharmaceutical firm Vifor Pharma elevated 11.62% or 17.73 points to $19.29 per share.  

The upturn came after the Australian highly valued biopharmaceutical company CSL offered to purchase the Vifor for $11.70 billion.

Inversely, French-American oil company TechnipFMC decreased 6.72% or 0.44 points to $6.11 per share. 

Accordingly, basic resources increased 0.70% or 4.81 points to $653.03 per share, leading the gains in all sectors in the European stocks.

Then, automobiles & parts edged down 0.46% or 3.38 points to $760.52 per share. 

At the same time, the EURO STOXX 50 index strengthened 0.12% to 5.03 points to $4,188.07 per share. 

Subsequently, Spanish clothing business Inditex rose 1.88% or 0.60 points to $32.54 per share. 

Likewise, Dutch multinational conglomerate corporation Philips climbed 1.50% or 0.45 points to $30.50 per share. 

Conversely, German shares traded in negative territory in the European stocks. 

In line with this, the MDAX Performance index curtailed 0.04% or 4.60 points to $34,452.35 per share. 

Also, Software AG, the second-largest software vendor in Germany, shed 9.82% or 4.28 points to $34.70 per share. 

Eventually, tech company Teamviewer slashed 3.24% or 0.43 points to $12.66 per share. 

Moreover, the DAX 40 index declined 0.04% or 7.73 points to $15,613.99 per share. 

In Paris, the benchmark CAC narrowed 0.05% or 3.12 points to $6,939.79 per share. 

British Shares Up as European Stocks Mixed

Meanwhile, shares in the United Kingdom edged up on mixed European stocks trading. 

The FTSE All-Share index widened 0.30% or 12.44 points to $4,121.77 per share. 

It is the same with the FTSE 100 index, as it jumped 0.34% or 24.89 points to $7,256.33 per share. 

Remarkably, the British telecommunications firm BT Group slipped 5.87% or 13.59 points to $217.98. 

This downward move came after Altice UK, a telecoms investment corporation, raised its interest in the voting share capital from 12.10% to 18.00%.

Furthermore, market participants kept an eye close to the monetary policy decisions of the Federal Reserve, the Bank of England, and the European Central Bank.

Accordingly, the BOE unexpectedly retained its interest rates despite the surging inflation in its country. 

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