Customers wear face masks when they shop at a shopping mall in Velizy, outside Paris, on July 20, 2020. Face masks are now required in supermarkets in France, shopping malls, banks, shops, and indoor markets, to limit the spread of coronavirus.
Christophe Ena / Associated Press
European stocks traded stable on a quiet summer day on Tuesday as investors weighed up evidence of how fast the recovery was progressing.
Up nearly 12% in the last three months, the Stoxx Europe 600 SXXP,
waited between small gains and losses.
The German DAX DAX,
French CAC 40 PX1,
and the UK FTSE 100 UKX,
were also stiff.
Futures on the Dow Jones Industrial Average YM00,
rose 2 points, after a mixed session on Wall Street, where the Dow DJIA,
some army, but the Nasdaq Composite COMP,
recorded his 33rd record close of the year.
“We are currently very much aware of a risk-off move, because the US has not yet expanded fiscal support, retail sales in the US and China are disappointed, seeing consumers remain cautious, and we are seeing second waves of the virus in Europe and Asia, ”said Rony Nehme, chief market analyst at Squared Financial.
European coronavirus cases are on the rise.
European Center for Disease Prevention and Control
US-China tensions were also in the spotlight as the US took a further step against telecom maker Huawei, blocking access to US technology in microchips. Analysts at Liberum estimate that Huawei accounted for a maximum of 6% of sales at STMicroelectronics STM,
which slipped into trade in Milan.
BHP Group BHP,
slipped 2%, as the mining giant reported a 4% profit decline in the fiscal year of June 30, as its annual dividend fell by 10%. BHP also said it would sell its thermal coal mines as mature oil and gas assets.
Persimmon PSN,
rose 5%, as the UK homebuilder said the net booking rate was 49% higher in July and reinstated dividend payments.
Marks & Spencer MKS,
first rose before falling almost 4%. The UK retailer said it would cut 7,000 jobs after 13 weeks in which clothing and household income fell 38.5%, while food revenue increased 2.5%. It said it was on track to become the food supplier to online delivery company Ocado in September, and said it was already seeing the advantage in terms of trade and an extended reach made for the move.
PANDORA PNDORA,
fell 7% in Copenhagen as the jewelery trade reported a second-quarter loss on a 39% drop in revenue.
.
