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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.
On Wednesday, American stocks were nearly intact because market participants awaited more clarity on the Fed’s interest rate outlook for 2019, while some trade fears still persisted…
On Wednesday, Asian stocks dived because investors took profits ahead of a policy decision by the Fed, anticipated to tell more about its interest rate plans for the rest of 2019…
On Monday, US stocks surged because dives in Boeing and Facebook held profits in check and traders closely watched this week's Fed gathering for affirmation of the major financial institution’s commitment to patient monetary stance…
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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…
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