INGOT Brokers AU | European market report (2017-05-22)

European market report (2017-05-22)

European Stock markets ended Monday’s trading session lower, driven by the decline in the German Stocks, in addition to the rise in the euro after the comments by German chancellor Angela Merkel about European central bank polices.

Moreover, the British stock market ended Monday’s trading session in green after taking some breath from the decline in the British pound and supported by the election polls which showed some support for Theresa May Conservative Party weakening ahead of the June 8 election.

 

FTSE

The FTSE 100 was up 0.3% points to continue its rise for the second consecutive session to close at 7,496.34.

The U.K index outperformed its peers, the German and France indices, those gains were driven by the rise in basic resources, miners and oil and gas companies.

Today’s session’s had 26 losers and 75 gainers.

The session’s best performers on the FTSE 100 were Marks and Spencer Group rising by 2.75%, Burberry Group PLC adding 0.245% and Merlin Entertainments PLC gaining 2.24% to settle at 525.42.

The session’s worst performers on the FTSE 100 were, Hikma Pharmaceuticals PLC falling by 4.61%, Micro Focus International PLC dropping 93 points and Worldpay Group PLC shading 2.42% ending at 312.65.

 

 

DAX

German stock market closed lower after today’s trading session.

The DAX declined 0.15% or 41.55 points ending at 12619, where the decline was led by Technology, Industrials and Chemicals sectors.

Today’s losers outnumbered the gainers by 20 to 10.

The session’s best performers on the DAX were, RWE AG ST O.N rising by 2.39%, Vonovia SE adding 1.38 percent and Deutsche Telekom gaining 1.38% to settle at 18.045.

The session’s worst performers on the DAX were, Siemens AG falling by 1.25%, Merck KGaA dropping 1.25 points and Infineon Technologies AG shading 0.96% ending at 19.075.

CAC

French equities ended lower on today’s trading session’s end, CAC 40 fell by 0.03% closing at 5,322.88.

The decline was led by Technology, Healthcare and Basic Materials sectors with 20 gainers and 19 losers.

The session’s best performers on the CAC 40 were, Lafargeholcim Ltd rising by 6.35%, Orange SA adding 0.31 points and Veolia Environnement VE SA gaining 1.14% to settle at 19.560.

The session’s worst performers on the CAC 40 were, ArcelorMittal SA falling by 3.43%, Airbus Group SE dropping 1.13 points and Compagnie Generale des Etablissements Michelin SCA  shading 1.01% to close at 117.60.

 

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