DE40: Old Continent exchanges gain in last trading session of 2023

2:24 PM 29 December 2023
  • European markets post year-end gains 
  • BOC Aviation orders four Airbus A321NEO and two Airbus A320NEO aircraft from Airbus 

Overall market situation:

Market volatility in this week's last trading session is limited, nevertheless Germany's DAX is currently gaining nearly 0.3% and the benchmark Euro Stoxx 50 is adding more than 0.4%. The macro calendar for today's session is almost empty, and the only noteworthy reading may be the Chicago PMI reading right after the start of the session on Wall Street. 

European companies listed during Friday's trading session are mostly gaining at the moment. Source: xStation 5

The German benchmark DE40 is gaining nearly 0.22% during today's session. It is worth noting that the volume still indicates a lull in market volatility. The benchmark remains in the zone of its historical maxima. Source: xStation 5

News:

Aircraft lessor BOC Aviation announced today that it has agreed to buy four Airbus A321NEO and two Airbus A320NEO aircraft from Airbus (AIR.DE). The company said the planes are scheduled for delivery in 2027 and 2028. It did not disclose the value of the deal under the agreement.

Shares of British American Tobacco Plc (BATS.UK) are gaining more than 0.5% today, making up for some of the declines triggered by yesterday's announcement of a $110 million fine by Nigeria's antitrust authority, which said the manufacturer had violated competition laws. BAT has agreed to pay the fine and will allow the Commission to monitor its actions for two years to "ensure appropriate modification of business behavior and practices."

 

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