Trade negotiations provoke timid relief rebound in EU equities

Trade negotiations provoke timid relief rebound in EU equities

On Thursday, European equities rebounded right after the Chinese government told it would hold trade negotiations with America in Washington a bit later this month, thus causing a recovery in investors' risk appetite on expectations of a trade conflict relief.

The STOXX 600 jumped by 0.2%, offsetting some of the previous session's losses that had brought it to a six-week minimum because emerging markets found themselves on bear territory.

Mining stocks turned out to be the top performers, adding 1.2% having had their worst day since the Brexit vote on Wednesday exactly when metals prices went down.

Outcomes powered some steep moves with copper miner Kaz Minerals as well as electronic payments company Wirecard leading the pack.

Kaz Minerals, Kazakhstan-focused miner managed to ascend by 7.1% having uncovered its first dividend since 2012 and also posting firmer first half profits.

Wirecard stocks inched up by 5.2% after the electronic payments company had its 2018 profits guidance raised, thus making it more probable that it’s going to have Commerzbank replaced during the next reshuffle of the DAX index.

In addition to this, Swedish retailer ICA edged down about 4.8% having informed that second-quarter profits dived more than anticipated.

The equities of Dutch marine as well as engineering company Boskalis slipped by 5% after it posted first-half profits, which missed forecasts because of loss-making transport activities at the company’s offshore energy division.

The stocks of Kingfisher went down by 3.4% after the home improvement retailer posted weaker performance at its French brand Castorama, although the company told that sales rallied due to a Europe-wide heatwave soaring demand.

The stocks of Italian motorway operator Atlantia slumped right after pre-market indications saw them diving nearly 49%.

Atlantia told its bondholders and shareholders could be impacted after Italy's authorities told they intend to deprive  the group's Autostrade unit of its motorway concession and slap heavy fines after the terrible collapse of a motorway bridge that took place in Genoa.

 

 

Similar

Asian stocks go up

On Thursday, Asian stocks rallied after the major US bank took a more accommodative stance at its policy gathering, although worries over US-China trade negotiations and decelerating global surged capped broad profits and suppressed some markets…

Latest news

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

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

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

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