European equities head south as American tax bill gets muted reception

European equities head south as American tax bill gets muted reception

On Thursday, European equities followed Wall Street as well as Asian bourses lower in rather a muted response to the American Congress's approval of a long-awaited tax overhaul.

The STOXX 600 index lost 0.2%, with major European equities trading sideways.

Spain's IBEX headed south 0.4%, a bit worse than Germany's DAX as well as Paris CAC 40 that both tumbled 0.2%.

Financial experts are assured that financial markets will require time to digest the newly-approved US tax bill to find out which businesses will derive the greatest benefits.

Nokia reported the best performance of the STOXX 600, gaining 2.6% having announced a patent agreement with China's Huawei.

Meanwhile, Britain's Balfour Beatty posted a 2.4% soar after on Thursday it told that it had already agreed to have a 12.5% stake sold in M25 motorway operator Connect Plus for about 103 million pounds, thus pushing up this year’s revenue and making funds to pay down debt.

 

Similar

Apple event surprised traders
Apple event surprised traders

Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.

Latest news

The US Retail Sales Update
The US Retail Sales Update

The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

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