On Friday, the S&P 500 along with the Dow demonstrated record maximums for the second straight day…
European stock indexes change moderately
On Monday, stock indices of Western Europe changed a bit and demonstrated different directions. Meanwhile, British exchanges are unavailable due to the holiday (the first May bank holiday).
Market participants are currently digesting corporate news as well as statistics on orders of industrial enterprises in Germany.
In March, the volume of orders of industrial enterprises in Germany slumped by 0.9% versus the previous month and tacked on by 3.1% in annual terms. Analysts on average had hoped for an increase of 0.5% in the monthly and 5% in annual terms.
The index of the leading enterprises of the Stoxx Europe 600 region soared by 0.13% hitting 387.55.
The French indicator CAC 40 slumped by 0.05%, the German DAX soared by 0.28%. In addition to this Spanish IBEX 35 and Italian FTSE MIB rallied respectably 0.3% and 0.2%.
The ascend in crude prices was another positive factor. It was provoked by worries over the US withdrawal from the agreement on Iran's nuclear program that could potentially lead to a reduction in Iranian crude exports.
Shares of the Norwegian Statoil managed to surge 1.8%, the Italian Eni gained by 0.3%.
Meanwhile, the price of securities of the German reinsurance company Hannover Re tacked on by 2.6%. The company ramped up its net revenue in the first quarter of 2018 amid a considerable increase in insurance premiums.
As a matter of fact, net profit Hannover Re in January-March rallied by 3.3%, hitting to 273.4 million euros, and the overall amount of premiums inched up by 18% reaching 5.3 billion euros.
As for the value of Nestle shares, it inched up by about 0.6%.
Earlier, the company entered into an agreement with the American coffee giant Starbucks for the purpose of acquiring rights to the global sale of consumer products under several company-owned brands. Nestle is expected to pay Starbucks up to $7.15 billion under the agreement.
On Thursday, American equities jumped a bit due to the fact that market participants set aside fears over the everlasting trade conflict between China and America and turned their focus to economic data as well as earnings out later in the trading…
On Wednesday, EU key equities concluded up, recording their fourth straight winning marathon due to profits in the materials as well as chemicals sectors…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
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…
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…