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On Friday, European stock indices fluctuated at the beginning of the trading session. It feels like they might conclude the fifth consecutive week in positive territory due to encouraging reports of Spanish banks as well as the restoration of equities in the technology sector.
The Pan-European index STOXX 600 sank by about 0.1%, although getting ready to demonstrate the longest period of weekly jumps since September of the previous year. Additionally, the German DAX index along with the British FTSE 100 rose up to 0.5%.
This week market participants were focused on the reporting of banks. As a matter of fact, the shares of Spanish BBVA and Caixabank rallied accordingly by 2.3% and 0.1%, after both financial instructions reported higher than anticipated earnings due to good performance in foreign markets.
British RBS dived by approximately 1.8% after the publication of financial outcomes for the first quarter.
RBS shares turned to be among the leaders of the components of the European banking index that edged down by 0.5%.
As for the shares of the industrial sector, they demonstrated upbeat dynamics. So, St Gobain stocks added about 3%, right after the French building materials producer officially confirmed the financial forecast for this year.
At the same time, Electrolux securities suffered the largest losses among STOXX components, having decreased by approximately 11.5%. In addition to this, the Swedish home appliance manufacturer posted a sudden sag in its quarterly operating revenue and warned that the rise in raw material prices could be more serious than previously estimated, affecting the results this year.
Market support is ensured, in particular, by shares in the technology sector, which proceeded with reviving after the enthusiastic reporting of the technological giant Facebook as well as US chip manufacturers.
On Wednesday, American stock index futures headed south because dismal data out of China affected market sentiment, while traders waited for more developments related to the US-China trade conflict…
On Wednesday, Italian stocks led losses in the European Union right after the country's deputy prime minister told that Rome considers breaking EU fiscal rules, thus masking early revenue powered by optimism around the US-China trade conflict…
On Tuesday, another US-China tariff conflict escalation put pressure on Asian stocks, although remarks from American leader that he expects trade talks to be successful backed market sentiment…
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
On Tuesday, gold rallied because uncertainty over the latest developments in Britain’s departure from the EU backed safe haven demand and traders looked ahead for American inflation data to underpin the Fed’s pledge to remain on hold…
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