European stock indexes show multidirectional changes
On Monday, stock indexes of Western Europe concluded trading with weak as well as multidirectional changes. However, the British FTSE 100 rose to a 11-week high after the depreciation of the UK pound.
The index of the key businesses in the region Stoxx Europe 600 fell by the end of trading by approximately 0.03% being worth 381.84 points.
The UK indicator FTSE 100 added 0.54%. The exchange rate of the British pound against the evergreen buck decreased by 0.4% right after the governor of the Bank of England Mark Carney made it clear that he isn’t going to hurry with tightening of the bank’s monetary policy.
The French CAC 40 managed to soar by 0.39%, the German DAX decreased by 0.21%. As for the Spanish IBEX 35, it tacked on by 0.16%, just like the Italian FTSE MIB.
Besides this, equities of mining as well as metallurgical companies rallied following the cost of non-ferrous metals. As a matter of fact BHP and Rio Tinto gained 0.9% at the auctions in London, while Glencore tacked on 0.7%.
Aluminum has inched up by about 25% since early April and this commodity is currently trading above $2,500 per ton, while analysts at Goldman Sachs and UBS expect surge of $3,000 per ton.
Against the backdrop of the weakening of the British pound, equities of British pharmaceutical company GlaxoSmithKline Plc went up by about 1.6%, while British American Tobacco gained by 1.4%.
The market value of Ericsson rallied by 17% at the auction in Stockholm. The given company sharply diminished its net loss in the first quarter and ramped up gross margin due to cost reduction.
The price of securities of British Reckitt Benckiser dived by 2.8% because the surge of comparable sales of the company didn’t meet the expectations of the market.
The US-China trade war escalates
More tariffs were introduced
Stocks of technological companies fell, pay attention to earnings
Yesterday, the US Justice Department announced a broad antitrust review ...
Futures head south after China data points to decelerating retail sales
On Wednesday, American stock index futures headed south because dismal data out of China affected market sentiment, while traders waited for more developments related to the US-China trade conflict…
Bitcoin dives 14%, slumping below $5,000
On Tuesday, crypto assets dived, with Bitcoin decreasing below the psychologically crucial $5,000 mark for the first time this year…
British inflation tacks on for the first time this year
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
Market updates on June 18
Welcome to Tuesday, people! Here’s your markets update ahead of the European trading session.