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On Monday, European markets started generally higher because market sentiment was still upbeat and German coalition negotiations were braced for dominating traders’ attention.
The EURO STOXX 50 gained 0.19%, France’s CAC 40 tacked on 0.19%, Germany’s DAX 30 soared 0.36%.
German Chancellor Angela Merkel of Germany entered negotiations with an opposing party in a last-ditch attempt to create a coalition government after a long period of political uncertainty in the euro zone's number one economy.
Financial stocks showed mixed performance. French lenders BNP Paribas and also Societe Generale rallied respectively 0.42% and 0.12%. In Germany, Deutsche Bank and Commerzbank went down respectively 1.32% and 1.07%.
As for peripheral lenders, in Italy Intesa Sanpaolo lost 0.36%, Unicredit gained 0.12%. Spanish financial institutions BBVA as well as Banco Santander rallied respectively 0.12% and 0.19%.
FTSE 100 dived 0.15% in London.
On Thursday, Asian stocks rallied after the major US bank took a more accommodative stance at its policy gathering, although worries over US-China trade negotiations and decelerating global surged capped broad profits and suppressed some markets…
On Wednesday, American stocks were nearly intact because market participants awaited more clarity on the Fed’s interest rate outlook for 2019, while some trade fears still persisted…
On Wednesday, Asian stocks dived because investors took profits ahead of a policy decision by the Fed, anticipated to tell more about its interest rate plans for the rest of 2019…
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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