Online Forex broker
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.
On Monday, Asian stocks dived on resuming trade tensions between America and key economies while crude gave up some of its hefty revenues made after key crude producers agreed to a mild increase in their output…
US equities went down, with Dow diving the eighth consecutive day…
On Thursday, except the United Kingdom, European stock markets dived in the face of everlasting worries of a proliferation of trade clashes between China and America, which appear to be the largest economies around the globe…
On Monday, Asian shares shook off a sluggish start and stabilized, with Japan outperforming on positive earnings…
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…
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.
|
