American shares are mixed
On Friday, American shares were mixed after the settlement because profits in the Telecoms, Oil & Gas, and Utilities sectors underpinned equities…
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.
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On Thursday, Asian equities rallied, underpinned by a leap in Chinese shares on signs that China and America might be taking steps to clarify their long-lasting trade clash, while crude prices resumed their dive on fears of oversupply…
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Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
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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…
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