European Equities Close Mostly Higher in Thursday Trading; EC President Survives No-Confidence Vote
The European stock markets closed mostly higher in Thursday trading as The Stoxx Europe 600 rose 0.55%, the FTSE 100 climbed 1.2%% , France's CAC 40 rose 0.30%, the Swiss Market Index advanced 1.04%, while Germany's DAX was down 0.38%.
European Commission President Ursula von der Leyen has won a no-confidence vote regarding an alleged lack of transparency over text messages she exchanged with Pfizer chief executive officer Albert Bourla about vaccine negotiations during the Covid pandemic, Bloomberg reported Thursday.
The censure motion, which requires a two-thirds majority to pass, saw 360 European Parliament lawmakers vote against the move, with 175 voting for and 18 abstaining, the report said.
The European Commission said Thursday it published the final version of an "AI Code of Practice" to help companies comply with the AI Act's rules on general-purpose artificial intelligence.
The code consists of a chapter on transparency that facilitates providers in documenting the needed information in one place and a chapter on copyright that aims to help providers come up with policy complying with EU copyright law, the EU's executive branch said.
In Germany, annual inflation rate in Germany rose 2% in June, according to the Federal Statistical Office , which said it was the lowest rate since October. Compared with May, the inflation rate was unchanged.
Source : MT Newswires
