INGOT Brokers AU | European market report (2017-06-29)

European market report (2017-06-29)

European equities fell sharply during today’s trading session with their indices closing near their sessions’ and week’s lows as the European Euro strengthened weighting on industrials, utilities and consumer equities.

Meanwhile, banks and basic materials companies rose, boosted by the outcome of U.S. bank stress tests and a weaker U.S. dollar

The dollar dropped against both the British Pound and the European Euro as those currencies were being supported by the comments from the Bank of England and the European Central Bank this week.

 

FTSE 100

Losses in Healthcare and Technology led the declines in the British equities during today’s mixed trading session, with its stock market index the FTSE 100 shading 0.51 percent or 37.48 point to end lower at 7,350.32.

Today’s losers significantly outnumbered the gainers on the FTSE 100 with 78 losers, 23 gainers and no flat shares.

The best performers on the FTSE 100 were, HSBC Holdings PLC rising by 4.24 percent, Sky PLC gaining 31.5 points and Rio Tinto PLC ending 2.44 percent higher at 3,243.24.

The worst performers on the FTSE 100 were, Micro Focus International PLC falling by 3.79 percent, Coca Cola HBC AG losing 85 points and International Consolidated Airlines Group, S.A. ending 3.57 percent lower at 607.5.

 

DAX 30

German equity market fell during today’s trading session led by the relatively large losses in Consumer Non-Cyclicals, Technology, Utilities and Healthcare sectors as its stock market index the DAX 30 fell by 1.83 percent or 231.08 points to settle lower at 12,416.19.

Today most of the shares in the DAX 30 settled lower with 28 losers, 2 gainers and no flat shares.

The best performers on the DAX 30 were, Commerzbank AG rising by 1.32 percent, Deutsche Bank AG gaining 0.085 points and Heidelbergcement AG ending 0.30 percent lower at 85.10.

The worst performers on the DAX 30 were, Infineon Technologies AG falling by 3.65 percent, RWE AG losing 0.58 points and Beiersdorf AG ending 3.22 percent lower at 92.02.

 

CAC 40

Moreover, the French stock market fell sharply today with losses in Technology, Consumer Non-Cyclicals, Consumer Cyclicals and Healthcare leading the decline pushing its stock market index the CAC40 to close 1.88 percent lower at 5,5154.35 down from 5,268.23.

Today’s market movers on the CAC 40 were all in the red expect a single share, with 39 losers and a single flat share.

The best performers on the CAC 40 were, Societe Generale SA rising by 0.11 percent, AXA SA dropping 0.005 points and Credit Agricole SA ending 0.07 percent in the red at 14.30.

The worst performers on the CAC 40 were, Bouygues SA falling by 3.81 percent, Atos SE losing 4.75 points and LVMH Moet Hennessy Louis Vuitton SE ending 3.71 percent lower at 218.25.

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