(RTTNews) – European markets most commonly ended on the rise on Tuesday, as optimism about the coronavirus vaccine, physically powerful knowledge of China’s plants, and encouraging economic reports from the eurozone overcate the uncertainty of the Brexit agreement.
On the Brexit front, a Reuters report mentioning a senior EUROPEAN official said the EU will publish before this week if it fails to reach an agreement with the UK until Thursday.
The stoxx six hundred pan-Europeans rose 0. 65%. The UK FTSE 100 rose 1. 89%, France’s CAC 40 rose 1. 14% and Germany’s DAX gained 0. 69%, while Switzerland’s SMI fell by 0. 26%.
Among other markets in Europe, Austria, Belgium, Finland, Greece, Iceland, Ireland, the Netherlands, Norway, Poland, Russia, Spain, Sweden and Turkey closed with moderate profits.
In the French market, Sodexo, Societe Generale, Valeo, Unibail Rodamco, ArcelorMittal, Total, LVMH, Accor, Vinci, Capgemini, Publicis Groupe, STMicroElectronics, Veloia and Renault rose from 1. 5 to 4%.
WorldLine, Teleperformance, Technip and Carrefour recorded a crash.
In Germany, Thyssenkrupp rose by almost 6%. Lufthansa, Fresenius, Volkswagen, Linde, Munich RE, Covestro, Daimler, Allianz, Deutsche Bank, Bayer and HeidelbergCement also finished well above.
In economic matters, the production sector of the euro area grew for the fifth consecutive month in November despite additional blocking measures, according to the latest knowledge of IHS Markit. The final index of factory purchasing managers fell to 53. 8 in November from 54. 8 in October.
Consumer costs in the euro fell for the fourth consecutive month in November, falling by 0. 3% annually, the same drop rate as in October, according to Eurostat flash data. Economists had forecast an annual drop of 0. 2%.
The unemployment rate in Germany remained at 4. 5% seasonally adjusted in October. Similarly, without adjusting, the unemployment rate of 4. 4%, the same rate recorded in September.
Knowledge showed that employment fell 1. 3% consistent with the year in October.
Growth in the UK production sector strengthened in November before the end of the Brexit transition period, according to the latest knowledge of IHS Markit.
IHS Markit Index / Chartered Institute of Procurement
Data from the Secretary of State for the Economy, or SECO, showed that Switzerland’s GDP grew by 7. 2% sequentially, offsetting the 7% drop in the quarter of the moment, also faster than the 5. 9% expansion expected by economists.
Year after year, GDP fell much slower than the 7. 8% decline seen in the last quarter and economists’ forecasts of -3. 3%.
The global economy is expected to contract by 4. 2% this year before recovering by 4. 2% in 2021, the Paris-based firm said in its economic landscape today.
In vaccine news, pharmaceutical company Pfizer Inc. and German biotech company BioNTech SE have submitted a formal application for a conditional marketing authorization or CMA for their COVID-19 mNN-based vaccine candidate BNT162b2 to the European Medicines Agency. or the EMA.
Corporations hope that a CMA can potentially allow the use of BNT162b2 in Europe by the end of 2020.