European equities keep diving

European equities keep diving

On Thursday, European equities proceeded with their downward move, affected by dismal earnings updates, a dive in Italian financial institutions on everlasting uncertainty over the outlook for Italy’s finances.

As a matter of fact, STOXX 600 headed south by 0.5%, with most sectors staying in the red after broad-based profits in the previous trading session, which helped the pan-European index to rebound from near two-year minimums.

Moreover, uncertainty over Brexit, Italian politics as well as worries over decelerating economic and also earnings surge have discouraged traders from taking risks because major financial institutions take steps to conclude years of easy monetary policy.

In addition to this, Centrica inched down by 8.7%, leading losers on the STOXX 600 following its trading update. By the way, financial analysts at Jefferies told that even although the company affirmed some its debt as well as dividend objectives for 2018, its earnings per share guidance slumped 10% below consensus.

Rotork appeared to be another big dive in the European bloc, heading south by nearly 7.1%, following a 4% tumble in its order intake.

Aside from that, Telecoms firm Altice went down by 13%. It occurred to the fact that its third quarter core earnings went down by almost 7% because of heavy promotions to win clients.

What’s more, Italian financial institutions FTIT8300 went down by 1.9% because Deputy Prime Minister Matteo Salvini pointed out that the Italian cabinet wouldn’t backtrack on the budget law after a rejection by the EU Commission. By the way, Banco BPM turned out to be the second-biggest diver in Milan, decreasing by 2%.

As for bearish bets on a number of Italian financial institutions, they have headed north for the last weeks, thus reflecting their dim revenue outlook as well as fears over the euro zone's number three economy.



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

Market Crash Incoming?
Market Crash Incoming?

This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.

What Currency Will Overperform?
What Currency Will Overperform?

S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.

Deposit with your local payment systems

Feel the Team Spirit

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.


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