European stocks decrease

European stocks decrease

On Friday, European stocks slumped, suppressed by financial institutions, while lingering fears over global surge kept traders on edge before the crucial earnings season in America.

The STOXX 600 index slumped by 0.2%, finding itself on track to conclude the week lower after two winning weeks. All key markets in the region headed south.

Fears about sluggish global surge were backed this week by major financial institutions in the euro zone and America that maintained their dovish stances and warned of risks to the global economy.

Wall Street banks Wells Fargo and JP Morgan are expected to post outcomes on Friday, thus staring an American earnings season that experts expect will see the first year-on-year dive in quarterly profits since 2016.

In addition to this, UniCredit and Banco Santander pulled the banking sector down 0.5%, while all other EU sectors decreased or remained intact.

Eventually, Banco Santander slumped by 0.8% right after the Spanish bank came up with an offer to acquire the 25% stake it doesn't have in its Mexican unit in an all-share deal worth approximately 2.6 billion euros.

Besides this, UniCredit dived by 1% after Italy's leading financial institution told it appears to be one of the banks blamed for running a cartel in trading euro zone government bonds in 2007-2012 as financial downtimes put pressure on banks as well as several European economies.

In addition to this, London-based online trading platform Plus500 headed south by nearly 37% because gain for the first quarter decreased to a fifth of the previous year's, affected by a tumble in trading volumes.

Volkswagen went down because China's JAC Motors told that the two companies hadn’t held negotiations, notwithstanding reports VW was interested in grasping a stake in the Chinese electric-vehicle maker.

Similar

Apple event surprised traders
Apple event surprised traders

Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.

Latest news

FED and BOE Make Another Attempt to Beat Inflation
FED and BOE Make Another Attempt to Beat Inflation

The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera