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.
On Wednesday, Asian stocks managed to rally due to the fact that Fed Chair Jerome Powell came up with an upbeat assessment of the American economy at his congressional testimony…
On Tuesday, European equities went down, having a second straight loss because telecom stocks were pressured, while market participants stepped back from risk ahead of testimony having to do with monetary policy from Fed Chair Jerome Powell…
On Monday, American futures didn’t change because market participants turn their attention to corporate earnings…
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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