European shares go down ahead of risk events

European shares go down ahead of risk events

On Tuesday, European shares traded lower because market participants opted for a risk-off stance amid ongoing global uncertainty.

The benchmark Euro Stoxx 50 went down 0.56%, Germany’s DAX 30 slumped 0.44%, France’s CAC 40 decreased 0.33%.   

In the European Union market players were quite cautious ahead of UK elections as well as the monetary policy decision by the ECB.

In Great Britain surveys widely expect the Conservative Party to outperform Labor, though some outlier polls point to the narrowing lead.

Additionally, crude prices kept moving down on worries that a diplomatic clash between Qatar and a number of Arab states including Saudi Arabia could ruin efforts by OPEC to tighten the crude market.

In the EU, energy stocks were mixed. French crude and gas major Total SA tumbled 0.11%, Italy’s ENI added 1.36%, while Norwegian counterpart Statoil acquired 0.34%.

Britain’s FTSE 100 went down 0.29% because mining stocks applied downward pressure on the commodity-heavy index.

Similar

Latest news

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera