European stock markets have not demonstrated uniform dynamics

European stock markets have not demonstrated uniform dynamics Stock indices of Western Europe changed in different directions on the basis of trading on Wednesday.

At the same time, the British FTSE 100 indicator climbed to its highest level since June 8 on the news of the approval of the coronavirus vaccine produced by Pfizer (NYSE: PFE) and BioNTech (NASDAQ: BNTX) in the UK. The UK is the first country to approve this COVID-19 vaccine. The country's Ministry of Health reported that "vaccine will be available in the UK from next week".

Investors also followed the news about new measures to support the US economy. A bipartisan group of US congressmen has proposed a new stimulus package worth more than $ 900 billion. Federal Reserve Chairman Jerome Powell and US Treasury Secretary Stephen Mnuchin, who spoke on Tuesday to the Senate Banking Committee, expressed support for the proposal. However, Senate Majority Leader Mitch McConnell rejected the new proposal, favoring a smaller package..

Meanwhile, the EU's chief negotiator in negotiations with the UK, Michel Barnier, told EU ambassadors on Wednesday that Brussels may not reach a trade agreement with London by the end of the year due to continued differences on several key issues, writes The Daily Express.

Retail sales in Germany in October 2020 rose 2.6% from the previous month, according to data from the country's Federal Statistical Office (Destatis). Analysts expected 1.2% sales growth, according to Trading Economics.

Unemployment in 19 eurozone countries was 8.4% in October 2020, according to data from the Statistical Office of the European Union. Analysts on average also forecast October unemployment at 8.4%.

The composite index of the largest enterprises in the region Stoxx Europe 600 fell by 0.05% and amounted to 391.69 points.

The German DAX indicator fell 0.52%, the Italian FTSE - 0.58%. At the same time, the British FTSE 100 indicator rose by 1.23%, the Spanish IBEX 35 - by 0.98%, the French CAC 40 - by 0.02%.

Shares in UK security provider G4S Plc jumped 7.4% after Canada's Garda World Security Corporation raised its G4S bid by 24% to £ 3.68bn ($ 4.94bn).

The market value of the British IWG Plc, which provides rental services for office space and temporary jobs, decreased by 6.7%. The company announces a £ 300m convertible bond offering.

Tesco Plc (LON: TSCO) fell 1.9%. British grocery retailer says it will return £ 585m in overseas property tax relief that Tesco received from the government as a support measure in the face of the pandemic.