Equity Markets across Europe swung from gainers to losses and some unchanged due a trading session filled with market moving event such as the European Central Bank policy decision and the British general elections.
In addition, that investors are cautious awaiting the Former FBI director James Comey testimony to a senate committee which effects might spill across the globe.
The European Central Bank kept its interest rates unchanged, as expected, but removed language from its policy statement indicating rates could go lower in the future.
British equities ended lower due the heavy losses form the Telecommunications Services and Consumer Non-Cyclicals sectors in today’s down trending trading session.
The UK stock market index, FTSE 100 ended the session lower at 7,449.98 falling by 0.38 percent or 28.64 points.
Today’s losses on the FTSE 100 outweighed the number of the gainers, with 54 losers, 45 gainers and 2 flat shares.
The session’s best performers on the FTSE 100 were, Ashtead Group PLC rising by 3.02, Glencore PLC added 5.9 points and Rio Tinto PLC gaining 1.82 percent settling at 3,205.73.
The session’s worst performers on the FTSE 100 were, Vodafone Group PLC falling by 4.80 percent, followed by WPP PLC that dropped 2.69 percent and Imperial Brands PLC was down 2.19 percent ending at 3,580.18.
German shares settled higher after today’s mixed trading session supported by the large gains in the Utilities sectors, despite the losses in Telecommunications Services and Consumer Non-Cyclicals sectors.
The German stock market index DAX settled higher at 12,713.58 up from 12,688.54 rising by 0.32 percent or 41.09 points
DAX gainers marginally outnumbered the losers by 4 shares, with 17 gainers, 13 gainers and no flat shares.
The session’s best performers on the DAX were, E.ON SE rising by 4.20 percent, trailed Thyssenkrupp AG that added 0.835 points and RWE AG gained 2.28 percent settling higher at 19.99.
The session’s worst performers on the DAX were, Prosiebensat 1 Media SE falling by 1.60 percent, followed by Adidas AG which dropped 2.55 points and Deutsche Telekom AG shaded 1.21 percent ending at 17.09.
French stock market witnessed a calm trading session due the gains in the Utilities and Financials sectors dampening the losses in Consumer Non-Cyclicals, Consumer Cyclicals and Telecommunications Services sectors.
The French stock market index CAC40 ended mostly unchanged after today’s trading session at 5264.24 dropping 1.29 points or 0.02 percent.
CAC 40 gainers equaled the losers with 20 gainers and 20 losers and no flat shares.
The session’s best performers on the CAC 40 were, ArcelorMittal SA rising by 1.90 percent, while Engie SA added 0.255 points and Societe Generale SA gained 1.48 percent to settle at 47.80.
The session’s worst performers on the CAC 40 were, Valeo SA that fell by 3.02 percent, trailed by Kering SA that dropped 4 points and Pernod Ricard SA was down 1.23 percent to end the session at 120.45.
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