This week Apple, Microsoft, Google, Facebook, Pfizer, and other large US companies will deliver earnings reports…
European equities conclude up
On Tuesday, European stocks concluded up, the Stoxx Europe 600 index tacked on to a 3-month maximum.
As a result of yesterday's trading, EU stock indexes tacked on because of several strong financial reports of companies and also due to corporate transactions. The weakening of the common currency after the publication of the downbeat statistical data from Germany also backed the markets, driving the stock quotes of exporters.
However, the French stock index concluded trading with a weaker soar than other major indicators because of the dive in the value of equities of Air-France-KLM.
The UK exchanges were unavailable yesterday because of the first May bank holiday.
The index of the leading enterprises of the Stoxx Europe 600 region gained 0.6% hitting 389.51, which appears to be the highest value since February 1, 2018.
The French CAC 40 index tacked on by 0.3%, Germany's DAX acquired 1%, while the Spanish IBEX 35 as well as the Italian FTSE MIB soared respectively 0.4% and 0.9%.
According to the Ministry of Economy of Germany, in March the volume of orders of industrial enterprises in this European country dived by 0.9% versus the previous month and soared by 3.1% in annual terms. Market experts had generally hoped for a soar of 0.5% in the monthly and also 5% in annual terms.
Against this background, the common currency has dived 0.2% versus the evergreen buck.
Yesterday, stock markets were underpinned by a soar in crude prices, provoked by worries of a probable US withdrawal from the agreement on Iran's nuclear program.
Equities in the Norwegian Statoil rallied 1.6%, Eni acquired 1.9%, while French Total SA managed to ascend by 0.8%.
Meanwhile, capitalization of the insurer Allianz SE tacked on 0.7% on news that the company is going to sells an 8.4% stake in Portuguese Banko BPI to Spanish CaixaBank for 178 million euros.
Virgin Galactic’s Branson flew to space, but the stock of Virgin Galactic (SPCE) dropped. Why?
Virgin Galactic (SPCE) will launch Richard Branson to space on July 11, aiming to beat Jeff Bezos.
The Fed held a much-awaited meeting yesterday. The bank hasn’t made any policy changes. As a result, the USD weakened and EUR/USD rocketed. Jump in to know all the latest news!
What will happen? The US Q2 Gross Domestic Product will be announced at 15:30 MT time (GMT+3) on Thursday, July 29…
Today the Fed will make a policy statement at 21:00 GMT+3. This event will affect all the currency pairs with the USD and thus almost the all Forex market!