(CercleFinance.com) – European stock markets fell sharply this Friday (-1% in London, -0.4% in Frankfurt, -0.7% in Paris), in a broader context of gloom for the major world markets, like Wall Street, which ended with slight gains of just over 0.1% on Thursday.
‘Asian stock markets are mostly moving lower after last night’s Wall Street rally faded towards the end of the session,’ noted Deutsche Bank this morning, which also pointed to renewed concerns for some property builders. Chinese.
In this context, operators are hardly reacting to the 0.2% growth in British GDP announced by the ONS, as a first estimate, for the second quarter of 2023, after growth of 0.1% over the first three months of the year.
Other macroeconomic data from the morning, the unemployment rate in France (excluding Mayotte) as defined by the International Labor Office (ILO) rose by 0.1 point to 7.2% of the active population in the second quarter, according to the Insee.
In the news of values, UBS climbs 5% in Zurich, after the voluntary termination by the bank of the guarantee contracts concluded with the Swiss Confederation and the Swiss National Bank (SNB), as part of the takeover of Credit Suisse.
KBC gains nearly 2% in Brussels, as the bank-insurer prepares to launch a share buyback program on Monday, with the aim of distributing the excess capital for which it has received the necessary authorization from the ECB.
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