European Tech Companies Experience Losses on Stock Markets
Leading European stock market indexes closed in negative territory as investors were disappointed by financial results. The trading was also influenced by the wave of selling on Wall Street the day before, as reported by CNBC.
The technology sector was among the big losers, losing 2.75% of its value. This led to a decline in the Stoxx 600 by 0.72% to 508.63 points.
Stock Market Update in Europe
The German DAX reached 18,298.72 points, a decrease of 0.48%, while the French CAC 40 lost 1.15% of its value and closed at 7427.02 points.
Impact of Trading on French Index
The trading of Kering had a significant impact on the French index. The shares of the luxury goods manufacturer plummeted over 7% to 278.15 euros per share after releasing data for the second quarter, showing a 7-year low in company revenues.
FTSE 100 on the Rise
On the other hand, the leading index of the London Stock Exchange, FTSE 100, increased by 0.4% to 8186.35 points.
Unexpectedly Strong Data?
Are the unexpectedly strong data causing these fluctuations in the European stock markets? Only time will tell.
America’s Economic Growth Boosts Oil Trading
The growth of the American economy in the second quarter supported oil trading. American light crude oil (WTI) rose by almost 0.8% to a price of $78.17 per barrel. European “Brent” is trading just above $82 per barrel at the end of the European session, which is an increase of about 0.5%.
Exchange Rates Update
On the currency markets, one euro is exchanged for $1.086. The value of the British pound reaches $1.2883 per unit.
Gold Prices Decrease
The price of gold decreases by more than 2% to $2362.30 per ounce.
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The Beauty of Traditional Japanese Tea Ceremonies
Traditional Japanese tea ceremonies are a time-honored ritual that dates back centuries in Japan. The art of preparing and serving tea in a traditional Japanese tea ceremony is a practice that is deeply rooted in Japanese culture and is considered a form of meditation and mindfulness.
During a traditional Japanese tea ceremony, every movement is deliberate and purposeful, from the way the tea is prepared to the way it is served. The ceremony often takes place in a serene and tranquil setting, such as a traditional tea house or a Japanese garden, creating a peaceful atmosphere for both the host and guests.
One of the key aspects of a Japanese tea ceremony is the focus on hospitality and respect. The host of the ceremony goes to great lengths to ensure that the guests feel welcome and comfortable, creating a sense of harmony and unity among everyone present.
Overall, traditional Japanese tea ceremonies are not just about drinking tea, but about experiencing a moment of tranquility and connection with others. It is a beautiful and elegant tradition that continues to be cherished and practiced in Japan to this day.
