European equities start higher in risk-on trade

European equities start higher in risk-on trade

On Friday, European equities started higher because market sentiment was still backed notwithstanding fresh diplomatic turmoil between Russia and America. Meanwhile, traders kept monitoring post-Harvey developments in Texas.

The EURO STOXX 50 soared 0.47%, Germany’s DAX 30 rallied 0.29%, while France’s CAC 40 grew 0.71%.

Renewed tensions arose after America has told Russia to shut down its consulate in San Francisco as well as buildings in Washington and New York, housing trade missions in retaliation for Moscow reducing the American diplomatic presence in Russia.

Meanwhile, market participants kept following developments in the American crude market because the Gulf Coast struggles to obtain gasoline flowing as refineries are still shut.

Financial equities were broadly higher because French lenders Societe Generale and BNP Paribas soared 0.31% and 0.67% respectively. At the same time in Germany Commerzbank inched up 0.24%.

Britain’s FTSE 100 surged 0.20%, backed by revenues in the mining sector.

Similar

Asian equities bounce back

On Tuesday, Asian equities managed to find their footing following some initial softness because Hong Kong’s benchmark is braced for setting a record closing maximum…

Popular

Japan real wages surge is slowest in almost two years

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…

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

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