Europe still rises with transport and tourism

Europe still rises with transport and tourism
Europe still rises with transport and tourism

PARIS (Reuters) – The main European stock markets rise sharply on Friday, still supported by the tourism and leisure sector, despite the decline in mining values.

Paris, the CAC 40 index is up 1.06% 6,692.76 points around 08:05 GMT. Frankfurt, the Dax takes 0.47% and London, the FTSE gains 0.31%.

The EuroStoxx 50 index for the euro zone rose by 0.89%, the FTSEurofirst 300 by 0.63% and the Stoxx 600 by 0.59%.

The European indices had already ended in the green Thursday, drawn by the progression of air transport in the wake of the raising of the forecast of medium-term traffic of Ryanair.

The Stoxx 600 index for tourism and leisure is still up 1.17%, one of the strongest sector increases in Europe, and the tourism group TUI (+ 4.2%) is among the best performances of the Stoxx 600.

The Sudanese Dometic jumped 4.55% after its offer to buy Igloo, an American manufacturer of ice boxes and other refrigerating accessories for 677 million dollars.

Another featured value, Commerzbank climbs 4.26%, driven by information from Handelsblatt that the Cerberus fund is considering increasing its stake 15.6%, against around 5% currently, in the German bank. Neither Commerzbank nor Cerberus commented.

In the red, Euronext fell 2.75% after the placement of 2% of its capital by BNP Paribas Fortis.

Anglo American (-3.63%), Rio Tinto (-2.72%) and BHP Group (-1.79%) are down and fall on the whole of the basic resources sector (-1.34%) , the only one to register in the red in Europe.

In Paris, ArcelorMittal fell by 0.96%, the red lantern of the CAC 40 where luxury stocks are on the rise.

(Blandine Hnault, said by)

 
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