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European equities are braced for concluding 2017 with close to double-digit revenues, underpinned by a recovery in economic surge as well as corporate earnings, although the overall tempo is likely to slow as the ECB moves to reduce its massive stimulus.
A Reuters survey of fund managers, brokers and financial experts taken over the previous week predicts that top euro zone blue chips will soar almost 11% in 2017, with revenues halving to approximately 5.5% next year.
Spanish stocks IBEX, affected for the last few weeks by concerns over a tough constitutional meltdown, are supposed to conclude 2017 up 14% - a steep dip versus the 20% soar expected in the previous Reuters survey.
The broader pan-European STOXX 600 index has gained 9.3% this year, and it’s expected to earn 7% in 2018, thus leaving behind British stocks supposed to be affected by worries related to Britain’s exit from the European Union.
On Monday, US stocks surged because dives in Boeing and Facebook held profits in check and traders closely watched this week's Fed gathering for affirmation of the major financial institution’s commitment to patient monetary stance…
On Friday, European equities went up, breaching a five-month maximum recorded yesterday because market participants cheered upbeat signals over US-China trade negotiations and after British lawmakers underpinned a delay of a chaotic departure from the EU…
On Friday, Asian equities surged because market sentiment got better on a report that more progress has been achieved in US-China trade negotiations and after British lawmakers decided to postpone a potentially chaotic departure from the European bloc…
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On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
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…
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