Morning Report 5 Jul 22: European sharemarkets were mixed on Monday

The energy sector rose 4% as oil prices rose on continued concerns about near term crude supplies. Healthcare rose 0.7% and miners rose 1.4%. But real estate lost 2.6% and autos lost 1%. According to the Sentix reading, investor morale in the euro zone fell this month to its lowest level since May 2020. And euro zone producer prices rose less than expected in May. The pan-European STOXX 600 index rose by 0.5%. But while the German Dax index fell by 0.3%, the UK FTSE index rose by 0.9%. In London trade, shares of Rio Tinto were flat while shares in BHP rose by 0.9%.

Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.