British LandAfter opening lower this morning, European stocks largely held their own in trading with cross-Continent Euro Stoxx 600 index up more than 0.4 per cent at the closing bell, regaining much of yesterday’s lost ground.Among the biggest movers,added more than 6 per cent following reports that the French government will pay more than €8 billion to nationalise the company.were down between 7 and 8 per cent after the Spanish government announced a surprise tax on financial institutions.
Recovering somewhat following the news that Elon Musk has terminated his bid for the social media company,, meanwhile, moved in the opposite direction, finishing the day in the red at $702.06raised its full-year revenue forecast, helped by sustained demand for its sodas and snacks, sending the company’s shares up 0.5 per cent.slid 5.6 per cent after the clothing retailer said its CEO would step down and its margins would stay under pressure in the second quarter as costs spiral.
Focus is now on inflation data on Wednesday that is expected to show US consumer prices rose 8.8 per cent in June from a year earlier, marking a fresh four-decade high and adding more pressure on the U.S. Federal Reserve to act on soaring prices.
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