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On Monday, European equities started lower because geopolitical tensions kept weighing on market sentiment, affecting demand for risk-related assets, including shares.
The EURO STOXX 50 lost 0.68%, Germany’s DAX 30 dived 0.52% and France’s CAC 40 sagged 63%.
Market participants were still cautious after last Thursday’s terrorist attack in Barcelona murdered up to 14 people and also injured 100 others.
Additionally, on Sunday North Korea warned that joint American-South Korean military exercises expected to burst out on Monday will add fuel to the fire of already tough tensions with Washington as well as its allies.
Political tensions in America were still in focus, reacting to Friday’s reports that senior White House advisor Steven Bannon had been sacked.
Financial stocks mostly lost because French lenders BNP Paribas as well as Societe Generale went down 1.39% and 1.04% respectively. Meanwhile, Germany’s Commerzbank and Deutsche Bank decreased 0.23% and 0.33% respectively.
Britain’s benchmark FTSE 100 tumbled 0.29%.
On Wednesday, American equities rallied, backed by the technology sector due to the fact that signs that China would ease its "Made in China 2025" industrial policy contributed to optimism driven by US leader’s positive remarks on trade…
On Tuesday, European equities started higher due to the fact that a new whiff of optimism over the China-U…
On Tuesday, Asian markets managed to rally, with Apple suppliers outperformed right after the American tech company filed an appeal for the purpose of overturning a sales ban of some of its smartphones in China…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
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…
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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