European equities are braced for quiet end to strong trading week

European equities are braced for quiet end to strong trading week

On Friday, European equities were poised for their best trading week for two months because market participants piled back into shares on signs that the world's key banks wouldn’t probably tighten monetary policy as rapidly as some had feared.

Friday’s move on indexes turned to be more muted as traders hunkered down ahead of earnings data from key American financial institutions including Citigroup and JPMorgan.

The STOXX 600 index inched up 0.1%. Meanwhile, euro zone blue chips STOXX50E were nearly intact.

Firmer metals prices backed revenues on mining equities.

Miners SXPP were pushed up by steel companies ArcelorMittal, Outokumpu as well as Norsk Hydro. They grew after Donald Trump told he was considering tariffs and quotas on Chinese steel dumping.

While a surge in bond yields has affected rate-sensitive sectors, including utilities, banking equities have managed to benefit and the sector stood still as Swedish lender SEB leapt 2.4% after its second-quarter revenue topped forecasts.

Similar

Asian equities bounce back

On Tuesday, Asian equities managed to find their footing following some initial softness because Hong Kong’s benchmark is braced for setting a record closing maximum…

Popular

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera