INGOT Brokers Australia | European market report (2017-06-06)

European market report (2017-06-06)

European stock market ended lower for the second consecutive day as investors turning to risk aversion and investing in to safe havens ahead of the UK general elections and the European Central Bank press conference in addition to the rising tensions in the Middle East.  

Investors are expecting the market to become volatile in the coming days ahead of the European Central Bank press conference and the UK general elections.

Moreover, on Thursday, the European Central Bank will gather for its policy-setting meeting, at which analysts say the forward guidance on rates might be tweaked and later that day in the US the former Federal Bureau of Investigation Director James Comey will testify to a Senate panel about alleged Russian interference in US affairs.

 

FTSE 100

British equities ended mostly lower in a choppy trading session as losses in Consumer Cyclicals and Financials sectors led the market lower despite the gains in Basic Materials and Consumer Non-Cyclicals sectors.

The UK stock market index, FTSE 100 ended the session mostly unchanged at 4,524.95 down from 7,525.76 falling 0.01% or 0.81 points.

Today’s losses on the FTSE 100 almost doubled the number of the gainers, with 64 losers, 33 gainers and 4 flat shares.

The session’s best performers on the FTSE 100 were, Fresnillo PLC rising by 3.21%, Randgold Resources Ltd adding 200 points and Anglo American PLC gaining 1.85% settling at 1,039.92.

The session’s worst performers on the FTSE 100 were, ConvaTec Group PLC falling by 3.95%, Burberry Group PLC dropping 67 points and The Royal Bank of Scotland Group PLC shading 3.08% ending at 254.50.

 

DAX

German shares witnessed a shape decline in today’s down trending trading session despite the large gains in the Utilities sectors, as losses from Healthcare, Consumer Cyclicals, Industrials and Basic Materials sectors outweighed the Utilities gains and the led the market lower after yesterday’s Holiday.

The German stock market index DAX settled lower at 12,690.12 down from 12,768.46 falling by 1.04% percent or 132.82 points

DAX losers significantly outnumbered the gainers, with 24 losers, 6 gainers and no flat shares.

The session’s best performers on the DAX were, E.ON SE rising by 2.76%, RWE AG adding 0.365 points and Deutsche Lufthansa AG gaining 1.21% settling higher at 18.

The session’s worst performers on the DAX were, Bayer AG falling by 2.22%, Thyssenkrupp AG dropping 0.48 points and Volkswagen AG shading 1.89 % ending at 134.95.

 

CAC 40

French stock market ended today’s trading session lower despite the witnessing gains during the session’s early parts as the large losses from Consumer Cyclicals and Basic Materials sectors led the market lower while gains in Utilities kept the decline limited.

The French stock market index CAC40 fell to 5,269.22 from 5,280.20 losing 0.73% or 38.67 points during today’s trading session

CAC 40 had only 6 gainers while the losers completely outnumbered them at 34 with no flat shares.

The session’s best performers on the CAC 40 were, Engie SA rising by 1.04%, Veolia Environnement SA adding 0.15 points and Compagnie Generale des Etablissements Michelin SCA gaining 0.61% to settle at 115.75.

The session’s worst performers on the CAC 40 were, ArcelorMittal SA falling by 2.37%, Valeo SA dropping 1.3 points and Accor SA shading 1.76% to end at 42.09.

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