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European Equities Close Mixed in Tuesday Trading; Consumer Confidence Rises in July
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European Equities Close Mixed in Tuesday Trading; Consumer Confidence Rises in July
Jul 23, 2024 9:27 AM

12:09 PM EDT, 07/23/2024 (MT Newswires) -- The European stock markets closed mixed in Tuesday trading as The Stoxx Europe 600 gained 0.07%, the Swiss Market Index was off 0.15%, France's CAC fell 0.31%, the FTSE in London lost 0.38%, and Germany's DAX rose 0.77%.

The European Commission's monthly consumer confidence survey rose 0.7 percentage points in the EU and 1 percentage point in the euro area in July to -12.2 and -13.0 respectively. The Commission said consumer confidence levels are nearing their long-term average.

In corporate news, Novo Nordisk acquired a 200-acre site in the Danish city of Odense earlier in July for a potential production plant, according to media reports Tuesday.

The Danish pharmaceutical giant has also been granted a new indication by the UK's Medicines and Healthcare products Regulatory Agency, the regulator said Tuesday. The approval allows Wegovy to be used for reducing cardiovascular risks in overweight and obese adults, the agency said.

European automaker Stellantis' Chrysler unit is recalling more than 19,000 hybrid minivans in the US due to the risk of the battery pack causing a potential fire, even when the vehicle is parked, according to the US National Highway Traffic Safety Administration.

Swiss bank Julius Baer said Tuesday that it has named Goldman Sachs executive Stefan Bollinger as its chief executive, starting Feb. 1, 2025. Bollinger is currently Goldman Sachs' co-head of private wealth management for Europe, Middle East and Africa.

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