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On Tuesday, European stocks stepped higher because financial experts told that worries were abating over whether the Trump administration will be capable of pushing through pro-growth reforms in the world’s number one economy or not.
The Stoxx Europe 600 index SXXP edged up 0.3%, being worth 376.05, soaring after Monday’s sag of 0.4%.
On Monday, the pan-European benchmark edged down along with equities worldwide after a Republican overhaul of the American health care system fizzled, bolstering concerns over Trump’s other business-friendly plans.
Financial markets are calm today as Hussein Sayed, FXTM’s chief market strategist revealed in a note. US tax reform, infrastructure spending as well as deregulation turns to be less likely now, though traders are still giving Donald Trump the benefit of the doubt.
However, if they see these plans will face the same fate as the health care act, financial markets will soon get down to aggressive selling.
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On Wednesday, European equities reached their lowest value for two weeks because data disclosing that the German and Japanese economies shrank in the third quarter drove fears about global surge in the face of a dive in crude prices…
On Tuesday, European equities managed to rally, tracking global profits, although advances were tamed by weakness for key crude companies because oil prices go down…
On Tuesday, Asian equities pared losses due to the fact that expectations for a de-escalation of the China-US trade conflict gained support from reports that China's major trade negotiator was about to visit America ahead of a gathering between the two…
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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