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On Monday, European equities got off to a weak start after two winning weeks, with cyclical shares among the biggest divers, while M&A was still in focus.
Stocks in some competitors of Carillion edged up right after the long-struggling construction and support services company suddenly collapsed, with financial institutions refusing to lend it money any more.
Among Carillion rivals, Serco rallied 3.4%, Interserve gained 1.9%, Balfour Beatty edged up 0.2%, while Kier Group inched up 0.3%.
While the STOXX has seen a firm start to this year and has demonstrated its highest readings since August 2015, diving energy and banking equities kept the index in negative territory. Meanwhile, a stronger common currency contributed to this pressure.
The STOXX 600 index slumped 0.1%, Euro zone blue chips headed south 0.1%. As for so-called cyclical equities, whose revenues appear to be the most sensitive to the strength of the EU economy, they have become the sector winners in 2018.
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…
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…
On Tuesday, American equities surged after the close because profits in the Healthcare, Technology as well as Consumer Services sectors backed stocks…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
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…
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