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On Tuesday, European markets headed south because a political deadlock in Germany kept weighing on investors' confidence.
The EURO STOXX 50 went down 0.10%, Germany’s DAX 30 dipped 0.09% and France’s CAC 40 sagged 0.01%.
Financial markets were jittery after on Sunday German Chancellor Angela Merkel didn’t cope with forming a government coalition, when the Free Democrats Party suddenly left the negotiation table. On Monday, Merkel told that she would opt for a new election rather than a minority government.
Financial stocks mostly gained, as French lenders BNP Paribas as well as Societe Generale tacked on 0.16% and 0.41% respectively. Besides this, Germany's Commerzbank and Deutsche Bank rallied 0.78% and 0.38% respectively.
As for peripheral lenders, Italy's Intesa Sanpaolo along with Unicredit gained respectively 0.14% and 0.30%, while Spanish banks Banco Santander and BBVA underperformed, with equities down respectively 0.07% and 0.77%.
FTSE 100 went down 0.12% in London.
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…
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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