On Friday, Wall Street's key indexes were braced for reporting their biggest weekly profits for a month because traders were quite optimistic about the everlasting trade negotiations to tackle a bruising tariff clash between China and America…
European shares move down
On Friday, European stocks decreased because market participants were focused on a slew of economic reports from the euro zone, not to mention the second day of negotiations between European leaders in Brussels.
During European trade in the morning, the EURO STOXX 50 lost 0.37%, Germany’s DAX 30 decreased 0.22% and France’s CAC 40 went down 0.28%.
Earlier research group Markit posted that in June its German flash manufacturing purchasing managers’ index edged down to 59.3 from 59.5 last month, compared to hopes for a dip to 59.0.
As for the German services PMI, this index tumbled to 53.7 from 55.4.
Markit added that this month its French flash manufacturing PMI grew to 55.0 from 53.8 in April, thus ruining hopes for a soar to 54.0.
Meanwhile, the French services PMI went down from 56.9 to 55.3.
European leaders were geared up toward a second day of negotiations at a European Council gathering on Friday.
The FTSE 100 lost 0.44% in London, suppressed by Shire PLC, whose stocks dipped 1.66%.
On Thursday, Wall Street shrugged off early losses because a sudden dive in retail sales affected investor hopes for progress at the everlasting US-China trade negotiations in Beijing…
On Wednesday, European equities went up because upbeat mood about Washington and Beijing trade negotiations backed global markets, while data revealed that earnings surge estimates for the European Union are stabilizing after abrupt downward revisions…
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On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
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…