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On Monday, European markets started mostly lower. It’s because market participants were focusing on a fresh bunch of corporate earnings reports.
The EURO STOXX 50 inched down 0.27%, France’s CAC 40 lost 0.21% and Germany’s DAX 30 descended 0.14%.
Financial equities were broadly lower because French lenders BNP Paribas as well as Societe Generale slumped 1.35% and 1.94% respectively. Meanwhile, Germany's Commerzbank and Deutsche Bank edged down respectively 0.77% and 1.23%.
As for peripheral lenders, Italy's Intesa Sanpaolo and also Unicredit went down respectively 0.28% and 0.92%. Besides this, Spanish banks Banco Santander along with BBVA dipped 0.68% slid 2.24% respectively.
Additionally, in London, FTSE 100 tacked on 0.01%, underpinned by steep revenues in the mining sector.
Equities in Glencore headed north 0.70%, Rio Tinto rallied 1.52%, while Anglo American as well as BHP Billiton climbed 1.95% and 2% respectively.
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…
On Wednesday, Italian stocks led losses in the European Union right after the country's deputy prime minister told that Rome considers breaking EU fiscal rules, thus masking early revenue powered by optimism around the US-China trade conflict…
On Tuesday, another US-China tariff conflict escalation put pressure on Asian stocks, although remarks from American leader that he expects trade talks to be successful backed market sentiment…
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…
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
On Monday, gold declined because the evergreen buck managed to gain early traction, thus putting pressure on the most popular precious commodity, which has been sticking with the year’s minimums…
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