European indices mixed, corporate earnings in focus

The performance of European indices varied at the beginning of today’s trading session, amid monitoring the results of companies’ operations that put pressure on the gains recorded after the release of inflation data in America.

In terms of trading, the STOXX600 index rose by about 0.1% to 525 points. The German DAX also rose by less than 0.1%, recording 18,883 points, while the British FTSE fell by 0.2%, at 8,429 points, and the French CAC also fell by 0.1%, at 8,227 points.

Technology stocks led the European Stock Exchange’s gains, rising by about 0.5%, while auto stocks fell by 1%.

The low-cost airline recorded a semi-annual pre-tax loss of $443 million in the first half of the company’s fiscal year.

This performance came despite the company’s assertion that inflationary pressures on the sectors had begun to decline.

Analysts’ expectations indicated that the company’s losses would reach levels of 340 million pounds during the 6-month period.