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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 Thursday, Intel reported the revenue of $20.21 billion and EPS of $1.52, beating analysts’ expectations of $19.23 billion and $1.25 respectively. What's next?
Netflix releases its Q4'2019 earnings report on Tuesday at 13:00 MT (11:00 GMT). Are you ready to trade stock on it?
You are still in doubt whether it makes sense to trade stocks? Watch this.
A new week brings new trading opportunities
Here we gathered the best and the worst performers of the week and the most volatile pairs .
On Thursday, Intel reported the revenue of $20.21 billion and EPS of $1.52, beating analysts’ expectations of $19.23 billion and $1.25 respectively. What's next?
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