European equities decline as geopolitical tensions put pressure

European equities decline as geopolitical tensions put pressure

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%.

 

Similar

American equities slump

On Thursday, American equities headed south due to the fact that gloomy earnings reports from industrials backed fears about soaring expenses as well as the impact of levies, contributing to worries over higher borrowing costs after hawkish remarks from…

American equities inch down

On Wednesday, American equities lost in their value in rather a choppy trading session, unable to proceed with their surge from the previous trading marathon because IBM snapped a run of firm blue-chips profits and gloomy housing data suppressed Home…

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