The start of the US trading session has been positive for traders of Tesla and Microsoft.
European markets start lower as American worries weigh
On Friday, European markets started lower because fresh worries over American tax reform plans affected market sentiment and market participants were still digesting the ECB’s latest policy decision.
The EURO STOXX 50 declined 0.22%, Germany’s DAX 30 slid 0.18%, France’s CAC 40 dived 0.11%.
Financial equities showed mixed performance - French lenders BNP Paribas and also Societe Generale headed south 0.27% and 0.47% respectively. At the same time in Germany Deutsche Bank went down 0.49%, while Commerzbank inched up 0.20%.
In Italy, Intesa Sanpaolo as well as Unicredit dived respectively 0.78% and 0.85%. At the same time Spanish financial institutions BBVA and Banco Santander tacked on respectively 0.06% and 0.66%.
FTSE 100 went down 0.09% in London, suppressed by Dixons Carphone – the company’s stocks edged down 1.79%.
Financial stocks contributed to losses. Lloyds Banking dived 0.06%, the Royal Bank of Scotland sagged 0.40%, HSBC Holdings dipped 0.79%, Barclays descended 0.96%.
During today's Turkish central bank meeting, the market anticipated a rate cut between 200-300 pips.
More tariffs were introduced
The remarks by Nigel Farage during the Brexit party's election event have sent the British pound higher…
The Reserve bank of New Zealand will release the monetary policy statement and its interest rate at 3:00 MT on November 13.
A calm trading session with the US-China trade updates in focus