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European stocks rise despite mixed economic growth in the Eurozone

European stock markets opened Tuesday’s session higher, at a time when new economic data from Eurozone countries launched several doubts about the pace of an economic recovery.

The European benchmark index, Stoxx 600, up 0.10% to 512.29 points. However, the British stock market is out of step with the rest of the main European markets, with the country’s benchmark index – the FTSE 100 – falling 0.62%.

Almost all sectors of the Stoxx 600 are trading in the green, with technology leading the gains (+0.68%), after a sell-off in technology stocks pressured global stock markets last week. However, the mining and food sectors are holding back the biggest gains in the Stoxx 600, falling 1.43% and 1.18%, respectively.

Among the main market movers, BP rose 1.68% to 6.61 pounds, after the oil company announced a 10% increase in dividends per share and a share buyback program worth 1.75 billion dollars. In the first half of the year, BP saw its profits fall 79% compared to the same period last year to 2.1 billion dollars.

Drinks giant Diageo, which owns brands such as Smirnoff and Johnnie Walker, plunged 8.36% to £23.35 after the company reported its first quarterly sales drop since 2020.

In the remaining European markets, the German DAX advanced 0.15%, the Italian FTSEMIB grew 0.22% and the AEX, in Amsterdam, rose 0.50%. In turn, the Spanish IBEX gained 0.38%, while the French CAC-40 advanced 0.32%.