On Thursday, August 19, Germany, Europe’s largest economy, led the region’s stocks above as MDAX smashed 0.78%. Meanwhile, most markets were down.
On the Frankfurt Stock Exchange, MDAX Performance Index spiked 0.78% with a net gain of $277.98. This sent the stocks higher at $36,011 per share.
Its best performers include HelloFresh SE, which progressed 6.93% or 5.96 points to $107.42 per share.
Encavis AG followed as it increased 5.53% or 0.82 points to $18.29 per share. Then, Wacker Chemie AG improved 5.15% or 6.85 points to $163.18 per share.
On the other hand, the benchmark’s worst performers were Hugo Boss AG which plummeted 2.19% or 1.12 points to $58.02 per share.
Then, Porsche Automobil Holding SE Pfd plunged 1.85% or 1.60 points to $99.04 per share.
Also, TeamViewer AG dropped 1.46% or 0.41 points to $32.04 per share.
Moreover, the DAX Index also contributed to the gains of the German stocks. It rallied 0.28% with a net addition of $44.02, which raised the stocks at $15,966 per share.
Its top performers were Deutsche Post AG which soared 2.43% or 1.42 points to $69.98 per share.
Siemens Energy AG followed as it raised 2.41% or 0.56 points to $27.84 per share. Then, RWE AG hopped 1.94% or 0.62 points to $38.01 per share.
While its bottom performers include Adidas AG, which sank 1.51% or 4.70 points to $358.47 per share. Daimler AG slipped 1.31% or 0.95 points to $83.85 per share.
Additionally, Volkswagen AG Non-Vtg Pfd fluctuated 0.88% or 1.76 points to $231.83 per share.
France Crashed as Germany Rose
Furthermore, while German stocks climbed, the French stock market crashed, which led to the fall of the European stocks.
On the Paris Stock Exchange, the CAC 40 Index flopped 0.73%, with a net decline of $49.73. This sent the stocks to the bottom at $6,770 per share.
On the London Stock Exchange, the FTSE All-Share slid 0.02% with a net loss of $0.84. This sent the stocks below at $4,123 per share.
The FTSE 100 Index shed 0.16%, with a net fall of $11.79. This sent the stocks down to $7,169 per share.
Consequently, the EURO STOXX 50 also collapsed by 0.17%, with a net decrease of $6.98. This sent the stocks to the ground at $4,189.42 per share.