Online Forex broker
On Friday, European equities rebounded because dismal data from China provoked anxiety over decelerating surge and traders fretted ahead of Saturday's decisive G20 negotiations between American President Trump and China's leader Xi Jinping over trade.
The n STOXX 600 started up, but quickly slumped into the negative, losing 0.3%. As for the DAX, it went down by 0.4% in Germany.
The DAX was braced for its fourth month of losses in a row. That’s its longest downtrend since 2008. As for the pan-European STOXX, it was braced for its second straight losing month due to a gloomy earnings season.
On Friday, China posted its weakest factory surge for more than two years, thus rekindling worries about surge ahead of important trade negotiations.
Autos equities SXAP turned out to be the worst-performing, losing 0.9% because the gloomy Chinese manufacturing data along with anxiety over potential levies affected investors' appetite for the sector.
On Saturday, Xi and Trump were set for negotiations on trade at the G20 summit in Argentina, while German automotive bosses were about to visit the White House next week with the aim of discussing threatened American levies on EU cars.
Car parts makers appeared to be among the worst-performing shares. Hella, Valeo, and Faurecia declined by 2.4%-4.9%.
Daimler suppressed the DAX down with a 2.7% tumble, while peers Volkswagen and BMW went down by respectively 0.9% and 0.8%.
The European automotive sector is currently on track for its worst year since 2011 as traders dump the shares considered to be vulnerable to strengthening protectionism.
Mining equities SXPP went down by 1% after the dismal data from the world's number one metals consumer.
Among the greatest drags on the STOXX one should mention luxury goods conglomerates Kering. Luxury equities have been extremely sensitive to signs of decelerating surge in China, which appears to be the major market for high-end brands.
On Thursday, Asian stocks went down after losses on Wall Street, although trade was subdued due to the fact that market participants waited for business polls in the European Union and were mostly on the sidelines ahead of the long Easter weekend holiday…
On Wednesday, Wall Street's key indexes stood still because a Qualcomm-led soar in chipmakers was compensated by a dive in healthcare shares for the second straight trading marathon, although quarterly gains came in largely positive…
On Tuesday, Asian shares went up, keeping to a nine-month peak because expectations for stabilization in the Chinese economy helped traders to neglect Wall Street's underperformance, which followed downbeat bank gains…
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
Your request is accepted.
A manager will call you shortly.
Internal error. Please try again later
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
