Virgin Galactic’s Branson flew to space, but the stock of Virgin Galactic (SPCE) dropped. Why?
European shares conclude down
On Monday, European equities managed to conclude a bit down due to the fact that market participants were still nervous about budget clashes between Italy and the EU and the UK’s efforts to break up with the trade bloc.
Eventually, Chinese shares recorded their best daily jump for two years as the country’s statesmen came up with upbeat remarks, which have backed investor sentiment domestically, although provided only a short-lived dive in other stock markets.
As a matter of fact, the Stoxx Europe 600 SXXP lost 0.4% being worth 359.74, following a moderate gain on Friday. However, for the week it has added 0.6%.
Italy’s FTSE MIB Italy index concluded down due to the fact that the trading marathon went on, diving about 0.6% coming up with an outcome of 198,966.22. The DAX 30 DAX slumped by 0.3% in Germany ending up with 11,524.34. The CAC 40 concluded at 5,053.31 in France slipping 0.6%. In addition to this, the FTSE 100 declined by 0.1% in the United Kingdom demonstrating an outcome of 7,042.80, although it had soared on the day. The IBEX 35 IBEX went down by 1% being worth 8,806.50.
The currency pair EUR/USD went down to $1.14800. The currency pair GBP/USD dived to an almost 3-week minimum around $1.2968.
The European Central Bank isn’t going to hold a gathering on Thursday. Market participants won’t be monitoring further details as the key bank gets closer to winding down its asset buying in December.
Fiat Chrysler Automotive NV FCA ascended by 3% because the car maker told it would have its auto-parts unit Magneti Marelli sold to KKR & Co.
Besides this, the equities of Ryanair Holdings PLC RY4C managed to surge by 4.3%.
Royal Philips NV PHIA sank by 8.7% because the Dutch technology group posted a dive in the third-quarter net revenue.
This week Apple, Microsoft, Google, Facebook, Pfizer, and other large US companies will deliver earnings reports…
The overall market sentiment is risk-on. The S&P 500 index (US 500) is getting close to the all-time high. Oil is recovering quickly from its recent losses.
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…