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

Popular

Asian shares tumble with Japan markets shut

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…

Greenback surges as yields soar

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…

Deposit with your local payment systems

Callback

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