European equities head south

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.




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


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