Online Forex broker
On Monday, firm revenues among mining stocks as well as an HSBC-led soar in banks raised European stocks in early deals, putting the region's shares on track to conclude the month with a moderate profit on the final trading day of July.
The STOXX 600 index gained 0.4%, blue chips grew 0.3%. In the UK the commodity-heavy FTSE 100 index ascended 0.7%, and Germany's DAX rallied 0.2%.
Financials appeared to be the biggest boost to the STOXX, with financial institutions up 0.8%, pushed up by a 3.4% profit in HSBC that soared after the lender reported a forecast-beating 5% growth in the first half pretax profit and unveiled its third buyback in a year.
Mining companies were also good performers on the day, leaping 1.5% because copper prices surged on the back of China’s manufacturing data, the world's top consumer of metals.
British tobacco companies Imperial Brands as well as British American Tobacco managed to extend their losses from last session, sliding 3% and 0.7% respectively reacting to Friday's sell-off right after the US Food and Drug Administration proposed reducing nicotine in cigarettes.
On Friday, Wall Street's key indexes were braced for reporting their biggest weekly profits for a month because traders were quite optimistic about the everlasting trade negotiations to tackle a bruising tariff clash between China and America…
On Thursday, Wall Street shrugged off early losses because a sudden dive in retail sales affected investor hopes for progress at the everlasting US-China trade negotiations in Beijing…
On Wednesday, European equities went up because upbeat mood about Washington and Beijing trade negotiations backed global markets, while data revealed that earnings surge estimates for the European Union are stabilizing after abrupt downward revisions…
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…
Your request is accepted.
A manager will call you shortly.
Internal error. Please try again later
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
