Key EU equities go up
On Thursday, European markets rallied, as investors watched the steep increase in financial as well as technological stocks.
The European Stoxx 600 index gained 0.3% in the morning, with most sectors and large exchanges on positive territory.
On Thursday, equities of technology companies were leaders, adding 1%, proceeding with their surge among technological shares in the United States. Stocks of Siltronic, Temenos and Ericsson gained more than 1.5% in mid-trading.
Besides this, motor vehicle shares in Europe led losses, losing more than 1.4% after news that the US government plans to impose import tariffs on cars in the Unites States. According to informed sources, US President Donald Trump is on the verge of charging a 25% tariff on car import. Unexpected news seems to have worsened worries as for new global tariffs. Shares of Porsche, Daimler and BMW dived 2.4%.
Considering individual stocks, Electrocomponents rallied to the top of the index after on Thursday posted a 32% soar in profit before tax for the whole year. The company, whose stocks are listed in London, also informed that it had reached an agreement to acquire an IESA outsourcing company for 88 million pounds. Stocks of Electrocomponents edged up by 10%.
Meanwhile, the Swiss food company Aryzta went down to the bottom of the European index following news about income. The company reported a 17% sag in revenue in the third quarter on Thursday and also lowered its earnings forecast for the second time this fiscal year. Stocks went down by 25%.
Furthermore, in addition to the factors that irritate investor sentiment, Donald Trump told on Wednesday that the everlasting trade conflict between the United States and China requires a different structure. In response, on Thursday, the Ministry of Commerce of China reported that it did not pledge to reduce its trade balance with the United States to a certain figure.
The US-China trade war escalates
More tariffs were introduced
Stocks of technological companies fell, pay attention to earnings
Yesterday, the US Justice Department announced a broad antitrust review ...
Futures head south after China data points to decelerating retail sales
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…
Crypto assets decline as OECD demands global ICO regulation
On Monday, crypto assets tumbled due to the fact that the Organization for Economic Cooperation and Development drew attention to the necessity of the global regulation of initial coin offerings…
German exporters don’t care about stronger euro
German exporters demonstrate ascending optimism as for their business prospects because growing demand from other euro zone countries helps to compensate worries regarding the strengthening currency, as the Ifo economic institute told on Wednesday…
Japan's October machinery orders tack on
In October, Japanese machinery orders rebounded with a faster soar than anticipated, thus re-affirming the resilience of capital spending, which is a major driver in the Japanese economy's almost two-year expansion…