The start of the US trading session has been positive for traders of Tesla and Microsoft.
European equities go down on trade tensions
On Monday, European equities kept diving for a second day because concerns over a trade conflict between the United States and China kept market participants on the edge. Meanwhile, cable manufacturer Nexans slumped following a revenue warning.
The STOXX 600 index dived 0.6% after Donald Trump powered trade tensions by proceeding with his tough tariff stance on China’s imports, giving the Chinese government grounds to instantly respond.
Germany's DAX sank by 0.8%, suppressed by concerns that a downtime over migration policy could have Merkel's three-month-old coalition government destabilized.
Other suppressing factors for the German index were represented by software maker SAP, sportswear maker Adidas and industrial group Siemens – all of them declined 1%-1.9%.
France's Nexans went down 18.2%, while its Italian outcome headed south 2.2%.
French gas and power group Engie headed south by 2.2% having told unscheduled outages at its Belgian nuclear reactors are going to have an impact of nearly 250 million euros on its net and core revenue this year.
In general, deal-making activity powered stock moves.
Norwegian Air Shuttle ascended 8.5% after Lufthansa told it was cooperating with the Norwegian carrier as for a probable combination.
Norwegian drew attention of British Airways owner IAG. As a result, IAG managed to ascend 1.1%, while Lufthansa equities went down 0.1%.
In addition to this, mid-sized financial institution Virgin Money jumped by 2.5% after CYBG approved a 1.7 billion-pound deal to buy its counterpart, thus creating the UK’s sixth-largest financial institution. Meanwhile, CYBG managed to gain 0.1%, Virgin Money pared profits, being nearly intact.
Aerospace supplier Cobham tacked on by 5.5% following an upgrade to overweight. The upgrade was carried out by Morgan Stanley. Market analysts point out that the company’s current managers have managed to stabilize performance. All the necessary measures have been taken to ensure operational delivery.
During today's Turkish central bank meeting, the market anticipated a rate cut between 200-300 pips.
More tariffs were introduced
The remarks by Nigel Farage during the Brexit party's election event have sent the British pound higher…
The Reserve bank of New Zealand will release the monetary policy statement and its interest rate at 3:00 MT on November 13.
A calm trading session with the US-China trade updates in focus