European equities build momentum as traders wait for American tax bill

European equities build momentum as traders wait for American tax bill

On Tuesday, European equities followed American as well as Asian markets higher because market participants waited for a highly- anticipated American tax reform bill that looks nearly certain to be approved this week.

The pan-European STOXX 600 edged up 0.2% hitting a five-week maximum, maintaining Monday's momentum. However, revenues turned to be muted, with euro zone shares as well as blue-chips rallying 0.1%.

In the UK, FTSE 100 soared 0.3%, underpinned by its weighting towards defensive and high dividend-paying equities that traders favor when they feel uncertainty.

Chipmaker Dialog Semiconductor appeared to be the leading stock mover, ascending 7.7% after Tsinghua lifted its stake in the company further to 9%.

Tsinghua Unigroup has been contributing to its stake since Dialog equities dipped in November following news that the power management chip maker might be deprived of its key client, Apple.

Similar

Latest news

Greenback edges down

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…

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

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

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