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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.
The FTSE 100 index UKX went down 0.1% being worth 7,439.51. It was led by the health care and financial groups. The basic materials sector managed to top advancers. By the way, on Thursday, the British benchmark sagged 0.7%, which is the largest percentage sink since November 30.
However, the FTSE was on course to jump 0.7% for the week. It would emerge after the previous week’s 1.3% soar. Year-to-date the index has ascended 4.2%.
The currency pair GBP/USD hit $1.3436, which is not far off from Thursday’s reading of $1.3430. Versus the common currency GBP/EUR hit €1.1395 against the previous outcome of $1.1403.
Meanwhile, on Friday EU leaders kept meeting for a summit where Brexit draws much attention. The EU leaders are believed to give the green light for divorce negotiations to move onto the second stage.
On Wednesday, American stock index futures headed south because dismal data out of China affected market sentiment, while traders waited for more developments related to the US-China trade conflict…
On Wednesday, Italian stocks led losses in the European Union right after the country's deputy prime minister told that Rome considers breaking EU fiscal rules, thus masking early revenue powered by optimism around the US-China trade conflict…
On Tuesday, another US-China tariff conflict escalation put pressure on Asian stocks, although remarks from American leader that he expects trade talks to be successful backed market sentiment…
On Monday, gold declined notwithstanding a lower American currency because data underpinned hopes for a Fed interest rate lift…
On Friday, European stock indices fluctuated at the beginning of the trading session…
The Reserve Bank of New Zealand will hold a meeting at 00:00 MT time on August 9.
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