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Asian Markets at Close Report

European Markets at Close Report

Aug 30, 2016

European Markets Closing Report, by CNBC on August 30, 2016: European Stocks Close Higher But Miners Hit FTSE Down

cnbc.com
 
Holly Ellyatt
 
European stock indexes closed higher on Tuesday, with the exception of the U.K.'s benchmark FTSE 100, which was knocked by the weak performance of mining stocks.

The pan-European STOXX 600 index closed 0.5 percent higher, with most sectors in positive territory.
The notable underperforming sector was basic resources, which ended down 2.9 percent. Miners were the worst performing stocks in the basic resources index, with Antofagasta, Randgold Resources, Glencore, Rio Tinto, Fresnillo and BHP Billiton all ending more than 3 percent.
As a result, the FTSE 100, which is heavily weighted towards basic resource companies, ended provisionally down 0.2 percent underperforming continental peers.
The French CAC ended up unofficially 0.9 percent and the German DAX was 1.1 percent higher.



 


FTSE FTSE 6829.16
-8.89 -0.13% 482530195
DAX DAX 10666.14
121.70 1.15% 42596791
CAC CAC 4464.75
40.50 0.92% 56291528
IBEX 35 IBEX 35 Idx 8698.70
82.30 0.96% 99671138

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In business news, the European Commission ruled on Tuesday that Apple must pay Ireland $14.5 billion — plus interest — in back taxes. The executive arm of the European Union concluded that Ireland had granted undue tax benefits to the the tech giant.
There were no major European earnings or data releases Tuesday.