Europe's markets finish higher, FTSE declines

Tuesday, 30. August 2016 17:38

Financial markets in Europe traded with gains on Tuesday, with notable exception of FTSE, which was pressured by losses in the mining sector. The markets reacted calmly at the European Union's decision to make Ireland reclaim over €13 billion from the U.S. tech corporation Apple Inc.

The German DAX index closed up 1.07% with Deutsche Bank, Commerzbank and Allianz leading in gains, while Vonovia topped the short list of users.

In Paris, the CAC 40 added 0.75% with strong rise for LafargeHolcim, BNP Paribas, SocGen and AXA. Technip fell over 1%.

The FTSE 100 lost 0.18% as mining companies collectively dug in over 4%.

The Italian FTSE MIB rose 1.35% with banks and Fiat rising over 2% each.

In Madrid, the Ibex 35 added 0.93%.

The euro weakened 0.38% against the U.S. dollar, and declined 0.21% versus the British pound, but gained 0.62% on the Japanese yen and was flat to the Swiss franc at 5:38 p.m. CET.

Image: EPA / Frank Rumpenhorst

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Breaking the News / ZR