Online Forex broker
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 Tuesday, Asian equities managed to surge due to the fact that market participants mostly neglected the latest round of American levies on $200 billion of China’s products set to come true next week…
On Tuesday, European equities started nearly intact right after American leader dared to slap 10% levies on an extra $200 billion worth of China’s imports, and also warned of duties on more goods if the Asian country got down to retaliatory actions…
On Monday, EU key equity benchmark concluded a bit higher because fresh US-China trade fears put pressure on investors’ appetite for equities…
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…
Your request is accepted.
A manager will call you shortly.
Internal error. Please try again later
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
