Australian equities ascend
On Monday, Australian shares managed to surge after the close…
European equities head south
On Tuesday, European equities went down, having a second straight loss because telecom stocks were pressured, while market participants stepped back from risk ahead of testimony having to do with monetary policy from Fed Chair Jerome Powell.
The Stoxx Europe 600 index headed south 0.3% demonstrating 383.91. The telecom sector turned out to be the worst performer, while the basic materials as well as financial groups held to small revenues. As for the pan-European index, it rallied by 0.2%, having dived by 0.3% on Monday.
In France, the CAC 40 index went down by 0.4% being worth 5,386.30. In Germany, the DAX 30 index slumped by 0.2% demonstrating an outcome of 12,532.81. In Spain, the IBEX 35 slumped by 0.70% hitting 9,651.00.
Britain’s FTSE 100 headed south by 0.1% reaching 7,593.88.
Meanwhile, in the foreign exchange market, the currency pair EUR/USD headed south to $1.1705 in contrast with Monday’s outcome of $1.1712 demonstrated in New York.
European equities headed south because the trading marathon wore on, suppressed mostly by a dive in telecom shares. The Stoxx Europe 600 Telecommunications Index went down by 1.7%, finding itself on track for its worst trade for two months and also quite in line for a seventh straight dive. Divers were also represented by Telenor ASA right after Norwegian company came up with financial outcomes and its counterpart, Telia Co. which made a $2 billion acquisition deal having to do with spurring Telia’s business in Norway.
European shares in general inched down along with American stock futures before Fed Chair Powell starts his testimony prior to the Senate Banking Committee. The US key financial institution has uncovered its plans to have interest rates lifted at least two times this year, and market participants are going to watch for evident signs of confirmation of this stance from Powell.
Similar
Asian equities stabilize
On Monday, Asian stocks were generally intact because traders took stock of recent data dropping a hint that global surge might be stabilizing…
Turkey stocks head south at close of trade
On Friday, Turkey stocks headed south after the close due to the fact losses in the Tourism, Transport, and Real Estate Investments sectors led shares down…
Latest news
Weekly CryptoNews
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
Most Asian stocks post strong revenues with Nikkei rising more than 2%
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan real wages surge is slowest in almost two years
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
Deposit with your local payment systems
