European equities head south from 6-week maximum

European equities head south from 6-week maximum

On Monday, equities across the European Union inched down from a six-week maximum. The brewer Heineken NV lost ground on financial outcomes, with issues in the technology sector as well as global trade putting pressure on financial markets before July trade concludes this week.

The Stoxx Europe 600 index declined by 0.3% hitting 390.90, and the tech and utility sectors turned out to be the top losers. Additionally, the financial sector became the only top performer, although its jump wasn’t significant. The index gained 0.4% on Friday reaching 392.08, which is its strongest outcome since June 14. The previous week, the index tacked on by 1.7%, which is its best outcome since March 9.

The DAX 30 declined 0.3% in Germany being worth 12,827.01. The CAC 40 index dived by 0.4% in France, hitting 5,492.32.

The IBEX 35 declined by 0.1% in Spain reaching 9,861.00. In Great Britain, the FTSE 100 index managed to ascend by 0.3% trading at 7,677.55.

The currency pair EUR/USD managed to ascend to $1.1686.

Regional equities had rather a tough start in the second-to-last trading marathon of July.

Market participants are still closely watching the earnings season. Twitter gained 0.15%, Netflix headed south by 2.17%, and Facebook rallied by 0.06%.

In addition to this, the Technology Index FX8 headed south by 0.6%.

Apart from earnings, this week traders paid attention to the BOJ’s monetary policy statements. Additionally, they also required statements from the Bank of England and the Federal Reserve. On Wednesday, the Bank of England is anticipated to have its interest rate lifted to 0.75%. Moreover, it’s expected to come up with a quarterly inflation report.

Both the BOJ and the Fed are believed to proceed with lifting rates.

Heineken NV equities headed south by 3.6%. Siemens Healthineers dived by 3.5%.


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