S&P and Dow demonstrate record maximums
On Friday, the S&P 500 along with the Dow demonstrated record maximums for the second straight day…
European shares move down for the fourth day
On Tuesday, European stocks declined in early trade, with all key sectors in the red, and banks led the drop on fresh political jitters and reacting to a downgrade by a major global broker.
The STOXX 600 index edged down 0.6% and the euro zone blue chip index sagged 0.7%, while the UK’s FTSE dived 0.5%.
Banks turned to be the biggest sectorial fallers, losing more than 1%, right after Deutsche Bank reduced its rating on the sector by one notch, setting "underweight".
Analysts of the German bank told that the sector turned to be among the most sensitive to swings in the euro area surge that they expect will diminish, and that valuations aren’t compelling any longer.
Italian banking stocks, which are on the retreat for the last two sessions on concerns as for early elections, found themselves among the top losers on Tuesday. For instance, Unicredit lost more than 2%.
In Great Britain, stocks of British Airways-owner IAG sank 4% on the first day of trading following the huge disruption to flights because of an IT outage.
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EU equities conclude up
On Wednesday, EU key equities concluded up, recording their fourth straight winning marathon due to profits in the materials as well as chemicals sectors…
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Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
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…
Greenback edges down
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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