Equities in South East Europe closed with gains on Wednesday despite concerns about escalating conflict between China and the United States over U.S. House Speaker Nancy Pelosi’s trip to Taiwan. Investors shrugged off the latest survey results suggesting that Eurozone business activity contracted in July amid a downturn in the manufacturing sector and slowing in the service economy as well as data showing that retail sales dropped by more than expected in June, falling 1.2% month-on-month for a 3.7% year-on-year decline as prices continued to rise, denting consumer demand. The session was also marked by the OPEC+ decision to slightly increase oil production in September and contribute toward market stabilization.
1. ATHENS – ATHEX 0.42%
2. BELGRADE – BELEX15 0.01%
3. BUCHAREST – BET 0.25%
4. ISTANBUL – BIST 100 1.39%
5. LJUBJLANA – SBITOP -0.43%
6. NICOSIA – CSE GI 0.32%
7. PODGORICA – MNSE 10 0.00%
8. SARAJEVO – SASX10 0.02%
9. SKOPJE – MBI 10 -0.46%
10. SOFIA – SOFIX 0.55%
11. ZAGREB – CROBEX 0.43%
