European stocks weak change on Friday
Stock indexes of Western Europe slightly down on Friday, investors assess the companies reports and waiting for data on retail sales in the UK.
The composite index of the largest enterprises of the region Stoxx Europe 600 by 10:37 kV fell less than 0.1% to the 369, 9 points.
The index of the fifty largest companies in the Eurozone Euro Stoxx 50 lost in the course of trading up 0.21%. Britain’s FTSE 100 declined since the beginning of the session up 0.1%, France’s CAC down 0.3 PCT, Germany’s DAX by 0.1%.
At 12:30 GMT on Friday, the UK authorities will publish data on retail sales in the country in January. Experts on average expect the growth rate to 1% by December, when there was a drop of 1.9%.
Shares of Allianz SE are getting more expensive by 1.6%. The largest insurer of Europe increased its net profit in the fourth quarter by 23% and announced a new stock repurchase program worth up to 3 billion euros .
The price of securities of the pharmaceutical company AstraZeneca rose 1.6% after the company reported positive results of clinical trials of a drug from breast cancer.
The capitalization of the German pharmaceutical company Stada Arzneimittel AG increased by 0.6%. The firm announced that it has received a third purchase offer from an unnamed bidder, have estimated it will cost nearly 4 billion euros.
Earlier it was reported that it wants to buy a Partners Cinven Fund for 3.5 billion euros, and the investment company Advent International.
Quotes of the securities of Royal Vopak NV fell by 8.6%. The world’s largest operator of oil and chemical storages warned investors that it expects to increase profits in 2017.