Market Updates
European Movers: Holcim, JD Sports, TAG Immobilien
Bridgette Randall
08 Jul, 2022
New York City
European markets traded mixed after two days of gain in the region.
The DAX index increased 0.9% to 12,966.40, the CAC-40 index increased 0.2% to 6,020.47, and the FTSE 100 index fell 0.6% to 7,143.87.
European market indexes were cautiously optimistic ahead of the release of U.S. jobs report.
Stocks turned weaker after the U.S. non-farm payrolls increased 372,000 in June, sharply higher than expected.
The strong jobs report raised the prospect of another large rate hike at the Fed's next meeting on July 26.
Mining companies in the region traded lower after a 3-day rally on the worries that the rising cases of coronavirus in China may impact the future demand.
Antofagasta, Glencore, and Anglo American fell between 1% and 2%.
Holcim AG gained 4.0% to 41.68 Swiss franc after the Swiss company agreed to acquire Romania's leading concrete-mix maker General Beton Romania S.R.l.
JD Sports Fashion PLC increased 1.5% to 124.10 pence after the apparel retailer appointed Andrew Higginson as Chair of the group.
Higginson was Chair of William Morrison Supermarkets plc from January 2015 until the takeover of the business by private equity firm CD&R LLP in November 2021.
TAG Immobilien AG plunged 8.4% to
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