European stocks ended slightly higher on Friday thanks to a boost from chipmakers, although gains were limited by weakness in bank stocks and growing concerns over the Delta variant of the coronavirus.
In the US, the S&P 500 and Nasdaq hit record highs as strong monthly payroll data boosted confidence in a labor market recovery, but did not raise fears of a reduction faster than expected from the US Federal Reserve.
The Iseq finished the session with a 0.32% lead, with sluggish performances from most of its heavyweight stocks.
With the fall in bank stocks across Europe, AIB finished down 2.2 percent to € 2.15 per share. Bank of Ireland fared better, but was still behind at nearly 0.24% at € 4.58.
It was a bad session for most travel-related stocks as the potential impact of the Delta variant of the coronavirus weighed on the industry. Datalex, which makes software for airlines, fell 3.45% to 70 cents a share. Irish Continental Group, which owns Irish Ferries, fell 2.8% to € 4.50
however, Ryanair rose 2% to € 16.52 per share after announcing it carried 5.3 million passengers last month after adding additional flights to cope with pent-up travel demand.
The FTSE 100 finished flat, dragged down by weakness in banks and energy stocks, and posted a weekly loss under pressure from concerns over the surge in Covid-19 infections in the UK.
The banks were the biggest drag. Energy stocks fell 0.8% with oil majors PA and Royal Dutch Shell down 1.0 percent and 0.8 percent, respectively, following the drop in crude.
Miners jumped 0.9 percent and were the main winners, with Anglo-American among the best first-rate index increases.
Homebuilders gained 0.3% and were among the strongest increases in the index this week, up 1.94% as buyers rush to take advantage of the stamp duty holiday that begins to decrease from the beginning of July. Jefferies maintained his bullish stance on UK homebuilders, lifting Barratt Developments and Bellway to “buy” from “keep”.
After market hours on Thursday, JD Sports Fashion said the chairman of its compensation committee would step down from the board following a shareholder rebellion over executive compensation at Britain’s largest sportswear retailer. Its shares fell 1.7% on Friday.
from France SMCP fell 0.4%, after the company and owner of Zara Index were the subject of an investigation because they are suspected of concealing “crimes against humanity” in the Chinese region of Xinjiang, according to a judicial source.
Volkswagen rose 0.2% after its US branch said it sold more than 211,000 cars in the first half of 2021, its highest level for the period in nearly 50 years.
Denmark’s actions Ambou fell 9.2% to the bottom of the Stoxx 600 after the single-use medical device maker slashed its earnings outlook.
dutch chipmaker ASML rose 1.4% after Micron Technology announced plans to start using ASML EUV machines in production in 2024, while ASM International rose nearly 2.5% as it forecasted an increase in order intake in the second quarter.
Listed in Stockholm Kinship group jumped 6.2% after announcing the acquisition of the remaining 66.6% of the shares of Relax Gaming, a B2B iGaming provider.
You’re here rose 0.6 percent after posting record second-quarter vehicle deliveries that also beat Wall Street estimates.
Virgin Galactic Holdings jumped 6.7% after the space tourism company said billionaire entrepreneur Richard Branson would travel to the edge of space during the company’s July 11 test flight, beating his budding fellow astronaut billionaire Jeff Bezos.
Didi Global fell 6.3% after China’s cyberspace administration said it would conduct a new investigation into the Chinese ridesharing giant to protect national security and the public interest. – Additional reports: Reuters / Bloomberg