European equities struggle to gain impetus to follow Wall Street lead up
On Friday, European equities were looking for firm direction, unable to follow American shares up because market participants recovered from a storm of corporate updates.
Market participants will probably focus on remarks from Fed speakers later, following hints of a faster tempo of American interest rate hikes earlier this week, which assisted to spur bond revenues.
Shifting between minor revenues and tumbles, the Stoxx Europe 600 index SXXP declined 0.1% trading at 380.02. The only exception was represented by the telecom as well as utility groups, which managed to tack on. The health care as well as tech sectors became the top losers. The benchmark went down 0.2% on Thursday.
In Great Britain FTSE 100 UKX headed south 0.4% hitting 7,252.39, while in Germany DAX 30 lost 0.1% being worth 12,453.78.
In France, CAC 40 PX1 declined 0.1% reaching 5,304.33 and Italy’s FTSE MIBI945 dipped 0.3% showing an outcome of 22,534.09.
The currency pair EUR/USD demonstrated $1.2317, adding from Thursday’s outcome of $1.2332.
The revenue on the 10-year German bond TMBMKDE-10Y edged down 2 basis points demonstrating a result of 0.70%.
This week European shares have mostly followed US equities. Market experts have told that the recent global rout in equities stemmed mostly from worries that a quickening tempo of American inflation could enable the key US bank to lift interest rates more than expected in 2018.
On Friday, American equities were going up, after the S&P 500 SPX along with the Dow Jones Industrial Average managed to conclude Thursday with revenues.
Deutsche Telekom AG DTE managed to grow 3%. Additionally, Swiss Re SREN gained 2.4%.
Valeo SA FR headed south 9%. On Thursday, the French car supplier told that its 2017 net revenue edged down year-on-year notwithstanding both order intake and sales going up.
Similar
The US-China trade war escalates
More tariffs were introduced
Stocks of technological companies fell, pay attention to earnings
Yesterday, the US Justice Department announced a broad antitrust review ...
Futures head south after China data points to decelerating retail sales
On Wednesday, American stock index futures headed south because dismal data out of China affected market sentiment, while traders waited for more developments related to the US-China trade conflict…
Latest news
Bitcoin dives 14%, slumping below $5,000
On Tuesday, crypto assets dived, with Bitcoin decreasing below the psychologically crucial $5,000 mark for the first time this year…
British inflation tacks on for the first time this year
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
Market updates on June 18
Welcome to Tuesday, people! Here’s your markets update ahead of the European trading session.
Deposit with your local payment systems
