Europe closes higher amid data, Johnson resignation

Thursday, 07. July 2022 17:32

Major stock markets in Europe closed on Thursday in the green territory amid the political turmoil in the United Kingdom and after the release of important data about housing and industrial production.

During the day, investors received the data from Halifax, reporting a monthly increase of 13% in house prices in the UK for June. On the other side, German industrial output climbed 0.2% in May, below analyst expectations. Finally, the day was rattled by the dramatic but long-awaited resignation of Boris Johnson, following a massive wave of walkouts of over 50 MPs.

At the close, the DAX gained 1.97%, with Porsche up by 6.86%. The French benchmark CAC 40 added 1.60%, while Stellantis NV improved by 7.30%. The FTSE 100 rose 1.14%, as Antofagasta increased by 7.36%.

The euro was down by 0.20% against the dollar at 5:28 pm CET, selling for $1.01621. In comparison, the pound was up by 0.64% to go for $1.20003 simultaneously.

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Author:
Baha Breaking News (BBN) / JG