European equities start higher

European equities start higher

On Monday, European equities started higher because a wave of optimism as for the resilience of the world economy spread across financial markets notwithstanding the escalating US-China trade conflict as well as a new Brexit downtime within the UK authorities.

The STOXX 600 index managed to gain up to 0.6%, the British blue chip index FTSE 100 soared 0.3% with revenues across sectors and bourses.

Upbeat job data in America on Friday managed to reassure traders who have yet to observe a tangible deceleration because of the implementation of higher trade barriers.

Data uncovered on Monday also disclosed that in May, German exports bounced off providing more evidence of the strengthening economy in the second quarter.

In the United Kingdom, some market participants took the view that the resignation of Brexit minister David Davis could potentially assist in delivering a softer way out of the European bloc.

Global miner BHP Billiton turned out to be a key mover on the UK stock market, soaring by 2.1% on rumors that BP could have its American shale assets purchased. BP went down by 1.1%.

In the European Union, Air France KLM happened to be one of the top-notch performers. It managed to soar up to 7% having reported higher passenger traffic for June. At the same time, a leading French transport executive was promoted as its probable new chief executive.

In addition to this, Oslo-listed seismic surveyor TGS-Nopec appeared to be a notable performer too, soaring about 7.6% having uncovered a better than anticipated outlook.

Besides this, equities in French car maker Renault headed south about 2.3%, heavily suppressed by a sink in the stock price of Nissan, its partner, after the Japanese company told it would come up with an explanation as for its emissions measurement processes.

 

Similar

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

Fed’s Rate Pause and UK Inflation Slows
Fed’s Rate Pause and UK Inflation Slows

Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.

Deposit with your local payment systems

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.

Callback

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!

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