2023-08-29 17:54:53
European stocks – German DAX index
European stocks closed at their highest level in two weeks, Tuesday, supported by the rise in shares of mining companies thanks to the rise in metal prices and shares of the “N.N.N” group, the largest insurance company in the Netherlands with its improved financial condition, while British stocks outperformed the rest of European stocks.
stock movements
The European Stoxx 600 index closed up 1 percent amid widespread gains, marking its best performance for two consecutive days in more than a month.
Shares of European mining companies rose 2.1 percent and touched their highest level in three weeks during today’s trading.
HSBC, the largest bank in Europe, and insurance company Prudential, which has business in China, rose 1.3 percent and 4 percent, respectively, while Barclays rose 4.2 percent.
The luxury goods sector rose 1.3 percent to close at its highest level in two weeks.
Britain’s FTSE 100 rose 1.7 percent to its highest level in two weeks following a public holiday on Monday.
The share of the Dutch NN Insurance Services Group jumped 10.2 percent, achieving the highest gain in the European index, following its financial situation improved in the first half of this year.
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