INGOT Brokers AU | European market report (2017-06-21)

European market report (2017-06-21)

Due to the political events and the decline in oil prices, European equities were weaker on Wednesday. Where, the departure of the Justice Minister in France hit the French equities, and this minister is one of four ministers who left the French government during this week. Moreover, Energy stocks and financial stocks were the worst performance due to the decline in oil prices, and due to the profit warning issued by the subprime lender Provident of UK.

Elsewhere, the office of National Statistics in UK, reported that the budget deficit reached the lower level since two one decade on higher tax receipt, as the net borrowing of public sector excluding banks decreased from last year by GBP 0.3 billion.

Moreover, the French economy is expected to grow at the highest level since 2011, where the GDP of France is expected to reach 1.6% for this year, and the GDP grew at 1.1% through 2016.

•             FTES100

UK equities were weaker on Wednesday due to the losses generated by Energy, Financial and Consumer non-cyclical sectors, where FTSE100 fell by 0.33% at 7447.79.

Failing stocks outnumbered the raising ones by 61 to 39, while one share remains flat.

The best performers of the session on the FTSE100 were Whitbread PLC which rose 3.40% to trade at 4033.78 at the close. Meanwhile, Centrica PLC added 2.13% to end at 205.34 and Shire PLC was up 2.05% to 4419.54 in late trade.

The worst performers of the session were Provident Financial PLC which fell 17.59% to trade at 2361 at the close. Hargreaves Lansdown PLC declined 2.42% to end at 1333.73 and St. James's Place PLC was down 1.79% to 1208.599.

•             DAX30

Germany’s equity were weaker as the losses generated by Food & Beverages, Financial services and Media sectors, where DAX30 declined by 0.32% at 12774.26.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 23 to 6 and 1 ended unchanged.

The best performers of the session on the DAX were Thyssenkrupp AG O.N., which rose 2.11% to trade at 24.195 at the close. Meanwhile, Merck KGaA added 0.60% to end at 109.00 and SAP SE was up 0.37% to 95.200 in late trade.

The worst performers of the session were Deutsche Boerse AG, which fell 1.78% to trade at 95.910 at the close. Vonovia SE declined 1.29% to end at 35.50 and Fresenius Medical Care KGAA ST was down 1.05% to 87.290.

•             CAC40

French equities were lower as the losses generated by Consumer services, financials and Consumer Goods sectors, where CAC40 declined by 0.37% at 5274.26.

Falling stocks outnumbered advancing ones on the Paris Stock Exchange by 26 to 14.

The best performers of the session on the CAC 40 were ArcelorMittal SA , which rose 2.07% to trade at 18.205 at the close. Meanwhile, Renault SA added 1.52% to end at 80.15 and Peugeot SA was up 0.92% points to 18.17 in late trade.

The worst performers of the session were Sodexo, which fell 1.62% to trade at 118.55 at the close. Essilor International Compagnie Generale d’Optique SA declined 1.21% to end at 118.60 and AXA SA was down 0.93% to 24.05.








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