Stocks jumped on better-than-expected earnings reports
The start of the US trading session has been positive for traders of Tesla and Microsoft.
European equities stand still as world braces for trade conflict
On Friday, European equities started in positive territory due to the fact the trade clashes between China and the United States intensified, with American duties on $34 billion on Chinese imports coming true and China instantly responding.
The STOXX 600 index managed to ascend by 0.3%, Germany's exporter-heavy DAX inched up by 0.2%.
As for Chinese stock markets, they tacked on in late trading having reached two-year minimums in the morning trading session.
A great number of market participants are assured that the European bloc is going to stay on the sidelines of the trade conflict. They also suggest that the American confrontation with China appears to be a typical negotiating posture that won’t provoke a slump in global trade.
With high expectations for another corporate earnings season bursting out in less than two weeks, a lot of market participants didn’t want to have European stocks sold.
As some sources revealed, second-quarter revenues for STOXX 600 companies are supposed to edge up about 8.7% from the same period of 2017.
As for individual equities, stocks in Britain's Inmarsat reported the worst performance, inching down close to 9% right after it had a takeover offer from Echostar rejected.
Additionally, Swedish lock maker Assa Abloy went down abruptly, losing 7% having reported a one-off costs of 6 billion crowns.
Meanwhile, Altice Europe tacked on by 4.7%. It’s because speculation about probable mergers within France’s telecoms are actually resurfacing, while French conglomerate Bouygues told it was ready to grasp opportunities to have its telecoms business beefed up.
Germany's Thyssenkrupp managed to ascend by 3.4% after its CEO proposed to step down, pointing to soaring investor pressure for a greater restructuring of the group.
As for the equities of French investment group Eurazeo, it tacked on by 4.5%, which is the STOXX 600's top performance.
Similar
"Buy the rumor - sell the fact" action for USD/TRY
During today's Turkish central bank meeting, the market anticipated a rate cut between 200-300 pips.
The US-China trade war escalates
More tariffs were introduced
Latest news
Top 4 trading opportunities of December 12
The GBP traders await the outcome of the election, while the euro may follow the words of the new ECB president Christine Lagarde. Read more!
FOMC meeting: the aftermath
The Federal Reserve had the meeting on Wednesday - we take the first look at the results and try to understand what's coming next.
Opinion polls cast a shadow on the GBP
YouGov, the key organization tracking the UK public opinion has released its final report ahead of the vote that will take place on Thursday, December 12.
Deposit with your local payment systems
