European stocks start third quarter with sturdy revenues

European stocks start third quarter with sturdy revenues

On Monday, European stocks started the fresh quarter with firm profits and Asian stocks kept to two-year profits, while the US dollar leapt from nine-month minimums as American Treasury yields reached their highest value since mid-May.

Crude prices edged down because American drilling activity dipped for the first time since January, although revenues were capped after a Reuters poll, which showed that last month OPEC output reached its year’s peak.

The pan-European STOXX 600 index that experienced its biggest month loss in 2017 on concerns over tightening monetary conditions, inched up 0.7% in early trade, driven by banks as well as basic resources firms.

France's CAC 40 index tacked on 0.8%, Spain's IBEX gained 0.9%, Italy's FTSE MIB surged 1%, while Britain's main benchmark FTSE 100 index leapt 0.3%.

Outside Japan MSCI's broadest index of Asia-Pacific stocks stood still, keeping to a stone's throw of a two-year high reached the previous week.

Similar

FTSE 100 keeps struggling for 3rd day

On Friday, British equities headed south, with bank equities keying off dips on Wall Street where concerns as for progress for tax cuts as well as other reforms ramped up, although the blue-chips market was still on course for a weekly soar…

Australian equities inch down

On Friday, Australian equities lost after the close because losses in the A-REITs, Financials as well as Utilities sectors suppressed stocks…

Popular

Bank of Canada Meeting

The Bank of Canada will publish its rate statement at 17:00 MT time on December 6…

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

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