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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.
On Thursday, European equities rebounded right after the Chinese government told it would hold trade negotiations with America in Washington a bit later this month, thus causing a recovery in investors' risk appetite on expectations of a trade conflict…
On Thursday, Asian markets were generally mixed because the Chinese government uncovered its plans to resume trade negotiations with America in an attempt to soothe tensions between the two leading economies…
On Wednesday, American stock equities were braced for a lower start, with market participants weighing the influence of the Turkish currency downtime and the worsening tariff clashes between America and its key trading partners…
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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