European equity markets ended Tuesday’s session in red, pressured by the uptrend in the euro after Mario Draghi speech today as stronger euro can hurt shares of European exporters as it can make their products more expensive for clients overseas to purchase. The euro briefly traded as high as $1.1304 on Tuesday, touching its highest intraday level since September.
European Central Bank President Mario Draghi said in a speech in Portugal that "a considerable degree" of stimulus is needed in the Eurozone, a step back from the stimulus levels signaled in earlier speeches.
U.K equity markets ended today’s session in the red after the profit warning from British department store Debenhams PLC dragged down shares of blue-chip retailers, but gains for commodity stocks limited losses for the London benchmark.
The FTSE 100 ended Tuesday’s session down by 0.17 percent recording its fifth loss in six sessions closing at 7,434.36 points.
Rising stocks outnumbered the declining ones by 54 to 44 with 3 shares ended flat.
The best performers of the session on the FTSE 100 were Barclays PLC which rose 1.45% to trade at 201.77 at the close. Meanwhile, Royal Bank Of Scotland Group added 0.8% to end at 250.2 and HSBC Holdings PLC was up 0.15% to 689.5 in late trade.
The worst performers of the session were Ashtead Group PLC which fell 2.17% or to trade at 1,590.5 at the close. Wolseley PLC declined 1.35% or to end at 4,850.19 and Rolls-Royce Holdings PLC was down 1.24% or to end at 931.40.
Germany equity markets closed Tuesday’s trading session in red, pressured by the losses in the Utilities, Telecoms and Technology sectors, the DAX ended down by 0.78 percent to close at 12,671.02.
Falling stocks outnumbered the gaining ones by 25 to 4 with one shate ended neutral.
The best performers of the session on the DAX were Commerzbank AG O.N which rose 4.90% or 0.464 points to trade at 9.941 at the close. Meanwhile, Deutsche Bank AG NA O.N. added 3.19% or 0.480 points to end at 15.520 and Lufthansa AG VNA O.N. was up 0.73% or 0.140 points to 19.340 in late trade.
The worst performers of the session were Continental AG O.N which fell 3.33% or 6.60 points to trade at 191.35 at the close. E.ON SE NA declined 3.04% or 0.272 points to end at 8.685 and RWE AG ST O.N. was down 2.41% or 0.455 points to 18.40.
France equities declined in today’s trading session after the losses in the Utilities, Technology and Healthcare sectors, the CAC ended down by 0.7 percent to end at 5,258.58 points. Falling stocks outnumbered the gaining ones by 30 to 10.
The best performers of the session on the CAC 40 were ArcelorMittal SA which rose 3.22% or 0.610 points to trade at 19.555 at the close. Meanwhile, BNP Paribas SA added 1.70% or 1.05 points to end at 62.65 and Societe Generale was up 1.55% or 0.72 points to 47.30 in late trade.
The worst performers of the session were Valeo SA which fell 3.38% or 2.08 points to trade at 59.37 at the close. Vinci SA declined 2.28% or 1.81 points to end at 77.70 and Engie SA was down 2.22% or 0.31 points to 13.68.
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