INGOT Brokers AU | European market report (2017-05-16)

European market report (2017-05-16)

European equity markets ended today’s trading session mixed, as the FTSE 100 rising by nearly 1% supported by Vodafone’s almost 4% gain, the DAX closing mostly flat after hit its fresh all-time high and the CAC 40 falling by 0.2%.

The European Euro rose above its 1.10 level for the first time since November 2016 and the Great British Pound gain 0.16% at 1.2913 supported by the weakening US Dollar.



British shares settled in the green during today’s trading session’s end after an up tended trading session.

Today’s gainers were led by Telecommunications Services, Consumer Non-Cyclicals, Basic Materials and Healthcare sectors.

The FTSE 100 rose by 0.91% ending in the green as the gainers outnumbered the loser by nearly three to one, with 74 gainers, 26 losers and 1 flat.

The session’s best performers on the FTSE 100 were, Vodafone Group PLC rising by 3.96%, Fresnillo PLC adding 44 points and Rio Tinto PLC gaining 2.68% to settle at 3,100.22.

The session’s worst performers on the FTSE 100 were, Hargreaves Lansdown PLC plummeting by 8.5%, EasyJet plc dropping 95 points and Micro Focus International PLC shading 3.04% ending at 2,429.13.



German equities ended marginally lower after a mixed trading session, despite the relatively large gains in Telecommunications Services, Healthcare and Industrials sectors as Consumer Cyclicals and Basic Materials sectors led the decline.

The DAX fell by 0.02% with the session’s losers outnumbering the gainers by two to one.

The session’s best performers on the DAX were, Thyssenkrupp AG rising by 4.12%, Bayer AG adding 1.55 points and Deutsche Telekom AG gaining 0.97% to settle at 17.65.

The session’s worst performers on the DAX were, Linde AG falling by 1.48%, BASF SE dropping 1.020 points and Continental AG shading 1.04% ending at 205.50.



Similarly the French Equity market ended in the red, the CAC 40 dropped by 0.21% settling at 5,406.1.

The decline came despite the high gains in Utilities, Telecommunications Services and Healthcare sectors while Basic Materials and Technology led the decline.

Today’s losers outnumber the gainers, with 18 gainers and 22 losers.

The session’s best performers on the CAC 40 were, Accor SA rising by 2.38%, Engie SA adding 0.31 points and Carrefour SA gaining 1.77% to settle at 23.315.

The session’s worst performers on the CAC 40 were, TechnipFMC PLC falling by 1.77%, Valeo SA dropping 0.88 points and Atos SE shading 1.23% ending at 124.70.


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