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On Wednesday, European stocks started lower because financial markets digested the previous session’s comments by ECB Governor Mario Draghi and paid attention to extra remarks by the key bank head.
The EURO STOXX 50 sank 0.86%, Germany’s DAX 30 dipped 0.79% and France’s CAC 40lost 0.84%.
European equities went down after Draghi told that factors applying pressure on inflation in the euro area turned to be mostly temporary.
He added that the ECB sees surge above trend and evenly distributed across the euro area, and stressed that a significant degree of stimulus is still required in the euro zone, and that the EU’s key financial institution should be smart in unwinding it.
Mixed performance was demonstrated by financial stocks because BNP Paribas dipped 0.24% and Societe Generale acquired 0.35% in France. Meanwhile, in Germany Commerzbank surged 1.51%, Deutsche Bank leapt 0.23%.
In London, FTSE 100 lost 0.45%, affected by Hikma Pharmaceuticals PLC, whose stocks decreased 1.72%.
On Wednesday, European equities reached their lowest value for two weeks because data disclosing that the German and Japanese economies shrank in the third quarter drove fears about global surge in the face of a dive in crude prices…
On Tuesday, European equities managed to rally, tracking global profits, although advances were tamed by weakness for key crude companies because oil prices go down…
On Tuesday, Asian equities pared losses due to the fact that expectations for a de-escalation of the China-US trade conflict gained support from reports that China's major trade negotiator was about to visit America ahead of a gathering between the two…
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…
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