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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 Wednesday, European equities surged due to the fact that Italian financial institutions rebounded on expectations that Rome could come to a compromise with Brussels over its budget plans…
On Wednesday, Asian equities kept rebounding following a steep dive on Wall Street overnight…
On Tuesday, American futures declined by 1% because a technology rout in the previous trading marathon provoked by fears over iPhone sales affected investors' appetite for high-surge companies…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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