European equities are set for the best trading week since July

European equities are set for the best trading week since July

On Friday, European equities tumbled as another missile launch by North Korea affected investors' appetite for riskier banking as well as mining shares, although the index was still on track for its strongest week since July with financial markets actively neglecting geopolitical turmoil.

The STOXX 600 lost 0.2%, while in Great Britain FTSE 100 tumbled 0.4% reaching a fresh four-month minimum.  

EU equities were still headed for their best trading week in two months, which is fresh from Thursday’s five-week maximum as they revived from a summer decrease.

Banks SX7P went down 0.5%. They were among the biggest losers as traders shed the most risky assets. As for miners SXPP, they lost 0.7%.

PostNL grew 3.9% with market participants referring to a Goldman Sachs upgrade to a "buy". Meanwhile, Moeller-Maersk edged down 2.4% because after BAML had it reduced to "underperform".

Euro zone stocks STOXXE have managed to supplant the broader STOXX index year-to-date notwithstanding experts and traders hoping that the stronger euro might affect company earnings.

 

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