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European Bourses Close Mixed Ahead of Earnings Season; Countryside Properties Sinks

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Last updated: 01/13/2022 12:52:03

12:52 PM EST, 01/13/2022 (MT Newswires) -- European stocks finished mixed on Thursday as traders geared up for the upcoming earnings season amid rising inflation.

France's CAC was down 0.5%, the Swiss Market Index fell 0.4% and the Stoxx Europe 600 was fractionally down. The FTSE 100 in the UK was up 0.2% and Germany's DAX inched up 0.1%.

The rise in omicron-led COVID-19 infections in the UK resulted in the slowest growth in job vacancies in the country for eight months in December, Reuters reported, citing a survey by the Recruitment and Employment Confederation. The British labor market, which hit record levels in last autumn, edged down slightly as the demand for temporary workers increased amid staff absences due to the pandemic.

Italy's industrial production jumped 6.3% on a yearly basis in November, up from a revised 1.9% growth in October, according to a report by Italy's National Institute of Statistics. The current reading was much higher than the estimated 3.7% growth.

On the corporate front, Countryside Properties (CSP.L) slumped over 21% following the resignation of its CEO Iain McPherson. The company also reported a decline in adjusted revenue for the quarter to Dec. 31 to 249.8 million pounds sterling ($342.7 million) from 363.8 million pounds a year earlier.

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