Most European markets closed firmer on Thursday as investors weighed German and US data along with upbeat company earnings reports. Germany’s harmonized consumer price index rose an annualized 0.1% in July, in line with the previous month and forecasts. The German unemployment rate held steady at 6.4% in July. However, the number of unemployed people rose by 9,000, compared with forecasts for a 5,000 decline. The Greek stock market had been due to reopen this week but the Athens Stock Exchange said on Thursday that it’s unlikely to reopen as banks need to resolve some technical issues first. In the earnings session, defense and aerospace group Rolls-Royce was firmer after the company reiterated its current full-year 2015 guidance and posted first-half numbers that were broadly in line with forecasts. Shares in Finland’s Nokia rocketed after its second-quarter profit came in ahead of market forecasts, despite challenging market conditions. Deutsche Bank pushed up as its second-quarter profit which more than tripled on the back of strong trading revenue. Repsol shares were lower after the Spanish oil company posted a 20% fall in second-quarter net profit, hit partly by lower oil prices. On regional markets the CAC closed up 28.98 points at 5,046.42, the DAX closed up 45.30 points at 11,257.15 and the IBEX closed down 114.30 points at 11,168.60.
Most European markets closed firmer on Thursday as investors weighed German and US data along with upbeat company earnings reports.
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