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European equities start higher after fresh records in Asia
On Tuesday, European bourses continued their relief surge, starting higher after Asian and American stock markets reached fresh record maximums as concerns as for Hurricane Irma as well as North Korea’s nuclear standoff relieved.
All key trading centers and most sectors stood in positive territory because thee pan-European STOXX 600 edged up 0.3%, though some traders wondered how continuous current markets levels are.
Financial equities have joined the top performers once again, with financial services SXFP as well as banking SX7P soaring 0.7% and 0.6% respectively.
Insurance companies that powered Europe's ascend on Monday with a roughly 2% leap found themselves in positive territory once again, rising 0.3%.
As for other sectors, Volkswagen gained 0.3% having announced a 20 billion euro initiative on Monday to develop zero-emission cars.
French veterinarian pharmaceutical company Virbac went down 11.7% having cut its full-year outlook.
The Reserve Bank of Australia will publish its statement and announce the interest rate on July 7, at 7:30 MT time.
The overall market sentiment was mixed after the USA recorded the largest increase in virus cases since May 9. The data even offset the better-than-expected NFP.
The risk-on tone is back on the market again. Let’s look at main trading opportunities.