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Equity Markets in Europe closed lower for the third consecutive session on Wednesday ahead several risky events coming up later in the week. Mainly, the UK general election, European Central press conference and Former FBI director James Comey testimony to a senate committee.
In light of these upcoming events investor are being more cautious and are heading towards safe haven assets.
The main event of the week, the United Kingdom’s general election on Thursday, Recent surveys suggest that the conservative party will emerge victorious despite some polls showing that the Labour party had tightened the gap.
Also on investor radars is former FBI James Comey testimony beforethe intelligence committee on Thursday, he will be questioned on the alleged connection between Russia and Trump administration.
Lastly, the European central bank will meet on Thursday to discuss its current monetary policies and release its policy decision which analyst believe will remain unchanged.
British equities ended mostly lower despite some support from the financial sector however losses in Healthcare, Energy and Consumer Non-Cyclicals sectors led the market lower.
The UK stock market index, FTSE 100 ended the session mostly lower at 7478.62 falling 0.62 percent or 46.33 points.
Today’s losses on the FTSE 100 outweighed the number of the gainers, with 58 losers, 40 gainers and 3 flat shares.
The session’s best performers on the FTSE 100 were, Persimmon PLC by 2.05 percent to end the session at 2,381.02, Lloyds Banking Group PLC added 1.65 percent to end at 69.75 and Standard Life PLC gaining 1.57 percent settling at 378.26.
The session’s worst performers on the FTSE 100 were, Shire PLC falling by 3.22 percent to trade at 4432.94 at the close, followed WPP PLC that dropped 2.62 percent to settle at 1673.91 and Babcock International Group PLC was down 2.00 percent ending at 918.33.
German shares witnessed end Wednesday session lower despite large gains in the Utilities sectors, as losses from Healthcare, Consumer Cyclicals, Industrials and Basic Materials sectors pressured the benchmark and led shares lower.
The German stock market index DAX settled lower at 12,672.49 down from 12,690.12 falling by 0.14 percent or 17.63 points
DAX losers outnumbered the gainers by 8 shares , with 19 losers, 11 gainers and no flat shares.
The session’s best performers on the DAX were, RWE AG rising by 5.51 percent to trade at 19.54, trailed by E.ON SE added 5.23 percent to finish the day at 8.47 and Adidas AG gained 1.51 percent settling higher at 171.30.
The session’s worst performers on the DAX were, Fresenius Medical Care AG & Co KGaA falling by 1.31 to end at 84.86, followed by Volkswagen AG whom dropped 1.30 percent to trade at 133.20 at the close and Bayer AG shading 0.97 percent ending at 117.75.
French stock market ended today’s trading session lower despite witnessing large gains in the Financial sector however large losses in Healthcare,Energy and Telecommunications Services sectors led the market lower.
The French stock market index CAC40 fell to 5265.53 from 5269.22 losing 0.07 percent or 3.69 points.
CAC 40 saw the gainer outnumber the loser 21 to 19 and 0 share were left unchanged.
The session’s best performers on the CAC 40 were, Vivendi SA rising by 2.16 percent to trade at 20.315, while Credit Agricole SA added 1.97 percent to close at 13.975 and BNP Paribas SA gained 1.65 percent to settle at 63.480.
The session’s worst performers on the CAC 40 were, Sanofi SA whom fell by 1.99 percent to 86.080, trailed by TechnipFMC PLC that dropped 1.86 percent to trade at 25.075 and Veolia Environnement SA was down 1.73 percent to end the session at 19.295.
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