European Stock Markets End Week with Gains, Except for Germany

European stock markets showed resilience as they recovered from last week's losses, with the exception of Germany, whose DAX 40 index slipped 0.23% to close at 24,024.78 points. The U.S. annual inflation rate for July came in below market expectations, fueling optimism among investors. The pan-European Stoxx 600 rose 0.21%, or 1.13 points, to close at 547.89, while the UK's FTSE 100 index climbed 0.2% to 9,147.81 points.

Key Takeaways:

• The pan-European Stoxx 600 index rose 0.21% to 547.89, led by gains from the UK's FTSE 100 and France's CAC 40.
• The annual inflation rate in the US was 2.7% in July, below the market expectation of 2.8%.
• Norges Bank Investment Management removed 17 Israeli companies from its portfolio, valued at $143.3 million, as of Tuesday.
• The fund's Israeli portfolio was worth $2.24 billion at the end of June, with 61 companies.
• The ZEW Institute's economic sentiment index in Germany dropped sharply by 18 points to 34.7 points in August, attributed to disappointment over the EU-US trade deal.

Statistics:

• The pan-European Stoxx 600 index rose 0.21%, or 1.13 points, to close at 547.89.
• The UK's FTSE 100 index climbed 0.2% to 9,147.81 points.
• France's CAC 40 rose 0.71% to close at 7,753.42.
• Italy's FTSE MIB 30 index gained 0.85% to 41,935.42 points.
• Spain's IBEX 35 index slipped 0.02% to end at 14,859 points.
• Germany's DAX 40 index was down 0.23% to end at 24,024.78 points.
• The US annual inflation rate was 2.7% in July.
• The monthly inflation rate was 0.2% in the US.
• Norges Bank Investment Management's Israeli portfolio was worth $2.24 billion at the end of June.
• The total value of companies removed from the portfolio was $143.3 million.
• The ZEW Institute's economic sentiment index in Germany dropped to 34.7 points in August.

Sources:

• Bureau of Labor Statistics
• Norges Bank Investment Management
• ZEW Institute
• Bloomberg (Financial Markets)