BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks were mixed on Thursday, as yields rebounded amid bets on higher rates and investors awaited key U.S. labor market and inflation readings to
European Stocks Close Broadly Higher On Economic Optimism
Investors also digested a slew of economic data and earnings announcements from the euro area.
The pan European Stoxx 600 advanced 0.27%. France s CAC 40 gained 0.69%, while Germany s DAX and the U.K. s FTSE 100 slid 0.28% and 0.1%, respectively. Switzerland s SMI edged down 0.07%.
Among other markets in Europe, Austria, Czech Republic, Finland, Greece, Ireland, Norway, Poland, Portugal, Russia and Sweden ended higher.
Belgium, Denmark, Iceland, Netherlands, Spain and Turkey closed weak.
In the UK market, Antofagasta gained nearly 5%, Glencore climbed 4.6% and Ashtead Group gained 4.4%. Fresnillo, Rolls-Royce Holdings, Melrose Industries, Aviva, M&G and Lloyds Banking Group gained 3 to 4%.
27 May 2021
The latest figures released by the Society of Motor Manufacturers and Traders (SMMT) show that UK car production has risen by 17.3% in the first four months of 2021 compared with the same period last year - but industry bosses have warned that the figures show the challenges facing the industry as it recovers from the coronavirus pandemic.
The SMMT said that although the rise in production is significant , the improvement is only artificial because “April’s figures were always going to be exceptional as factories were closed at this time last year” during the first wave of the coronavirus pandemic.
Click the thumbs up >UK’s car manufacturing recovery remained “challenging” after a surge in April production still left the sector s output 15% down on the first four months of 2019, the SMMT has said.
Manufacturing data published by the Society of Motor Manufacturers and Traders (SMMT) showed that 68,306 cars rolled off production lines in April, up dramatically on a COVID-hit month in 2020 – when just 197 cars were produced.
The result came despite issues triggered by a global shortage of semiconductors but still left volumes 3.8% below April 2019 and 15% down on 2019 year-to-date, despite being 17.3% up on the first four months of last year.
In the four months to the end of April UK car makers produced 374,864 cars.
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Volkswagen’s new ID.4 became the first SUV to top Europe’s electric vehicle (EV) sales rankings as it topped the charts for April, Jato Dynamics has reported.
Stellantis swelled its share of Europe’s new car market as Peugeot Citroen, Fiat and Vauxhall models made up six of the region’s top ten best-selling models as its brands returned to a pre-pandemic market share of 21.9% last month.
But Volkswagen continued its reign as Europe’s biggest selling manufacturer with 26.8% of the market after its new ID.4 SUV surged to the top of the electric vehicle (EV) sales charts.