European Stocks Close Mostly Higher Despite Geopolitical Tensions

MacroEarnings
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Summary · why it matters

European stocks closed mostly higher on Thursday, with the pan-European Stoxx 600 climbing 0.78%, as investors looked past U.S.-Iran tensions and focused on corporate earnings and economic data. Germany's DAX and France's CAC 40 rose 0.89% and 0.9% respectively, while the UK's FTSE 100 slipped 0.16%. Mining and financial shares led gains, with Anglo American, Antofagasta, and Glencore up 4.1% to 6%, and Standard Chartered climbing 3.4%. AstraZeneca fell more than 6% after its nerve disease drug Wainua failed a late-stage trial. Germany's trade surplus widened to €19.1 billion in May, the largest since February, as exports unexpectedly rose 0.9% and imports dropped 2.5%.

Impact on stocks 5

Critical Materials & Supply Chain · 3 stocks
Glencore PLC
GLEN
▲ PositiveDemandrelevance

Mining shares led gains, with Glencore up 4.1-6%.

Biotech & Genomic Medicine · 1 stocks
AstraZeneca PLC
AZN
▼ NegativeTechnologyrelevance

Nerve disease drug Wainua failed a late-stage trial, causing shares to fall more than 6%.

Financials · 1 stocks