PT Equityworld – European stock markets closed mixed in late trading Friday weekend night (27/01), with investors digested corporate earnings and fluctuations in the currency market.

The FTSE index ended at 7184.49, up 23.00 points or 0.32%. For this week fell -0.19%.

DAX index ended at 11814.27, down -34.36 points or -0.29%. For the week rose 1.58%.

CAC index ended at 4839.98, down -27.26 points or -0.56%. For this week slid -0.22%.

IBEX 35 index ended at 9504.10, down -8.70 points or -0.09%. For the week rose 1.32%.

The pan-European index Euro Stoxx 600 ended 0.3 percent lower with most sectors trading in negative territory.

 

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Auto stocks was the worst performer, down 0.92 percent after hawkish statement of President Donald Trump on trade tariffs for the sector.

Banking stocks were also lower, down 0.82 percent. Italian bank UniCredit more than 5.1 per cent lower after Italian media reports, not verified by CNBC, said deputy chairman of the bank confirmed not to sell its shares in Mediobanca. The lender also started to increase capital earlier than planned, on February 6, according to the report.

Finnish company Wartsila ship technology ends near the top of the European benchmark after reporting profit that beat expectations and new orders in the last quarter.

Booker Group above the European benchmark, jumped 15.9 percent. Tesco said it bought the cash and carry wholesale supplier for around £ 3.7 billion ($ 4.7 billion). British supermarket chain also closed higher on Friday, up more than 9.2 percent. Acquisition news sent the broader retail sector higher.

Danish telecommunications company TDC shares fell more than 4.4 percent on Friday after news that rival Nordic Telia no longer buy the company because of legal hurdles, financial and political, Reuters reported.

Swiss bank UBS reported a 738 million Swiss francs ($ 737.3 million) from the fourth quarter net profit, coming up short compared to 949 Swiss francs last year, but clearly ahead of the Reuters consensus forecast of 339 million Swiss francs. Its shares fell 4.5 percent on Friday.

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