INGOT Brokers AU | European market report (2017-07-05)

European market report (2017-07-05)

European equities ended the session in recovered lost gain from the previous session on Wednesday as Europe’s main benchmarks saw support from the financial services and banking sectors. Stocks in the banking sector rose after the European Commission approved the bailout of Italian Bank Monte dei Paschi di Siena on Tuesday. The bailout will be worth $6.1 billion for the purpose of rescuing the bank from collapse and avoiding another crisis in Italy and Europe. 

Elsewhere, United States based Credit card processing company Vantiv declared that it has plans on taking over the United Kingdom’s largest payment processing company WorldPay in a deal valued at $9.94 billion, after the announcement Worldpay’s share dropped by 9 percent.

Markets will key an on geo-political escalation after North Korea launched another missile test on Tuesday with report that med to long range missile fell into Japanese exclusive economic zone.


•          FTSE 100

UK’s equities ended Wednesday’s session on a stronger note as gains in Healthcare, Consumer Non-Cyclicals & Consumer Cyclicals, Technology and Financials sectors lifted equities higher, where FTSE 100 added 0.14% to last trade at 7367.60.

Today’s gainers outnumbered the losers on the FTSE 100 with 61 gainers, 37 losers and 3 shares remained flat.

The best performers on the FTSE 100 were Tesco PLC rose by 3.80% to end at 173.56, Provident Financial PLC gained 3.49% to settle at 2,370.36 and Barratt Developments PLC ending 2.74% higher ending the session at 578.82.

The worst performers on the FTSE 100 were, Worldpay Group PLC that fell by 8.82% to 371.85, meanwhile Old Mutual PLC lost 1.74% or 3.4 points to last trade at 191.72 and Barclays PLC ending 1.33% lower at 204.34.

•          DAX30

German equities market rose during today’s trading session pushed up by the relatively large gains in Financials, Technology, Consumer Cyclicals & Consumer Non-Cyclicals sectors. German benchmark DAX 30 rose by 0.13 percent to settle higher at 12,453.68.

Today most of the shares in the German benchmark settled higher with 17 gainers, 12 losers and 1 flat share.

The best performers on the DAX 30 were, Adidas AG surged 4.90%, followed by Deutsche Boerse AG whom gained 3.20% and Fresenius SE & Co KGaA ending slightly higher by 1.02%.

The worst performers on the DAX 30 were, Bayerische Motoren Werke AG that fell by 0.91%, Meanwhile RWE AG lost 0.83% and Deutsche Telekom AG ending 0.77% lower.

•          CAC40

Moreover, the French stock market was stronger on Wednesday as gains in Industrials, Technology, Healthcare & Consumer Cyclicals sectors supporting equities higher. French benchmark CAC40 closed 0.10% higher to settle at 5,180.10.

Today most of the shares in the French benchmark settled higher with 26 gainers, 14 losers and no shares unchanged.

The best performers on the CAC 40 were, Solvay SA rose by 1.39%, trailed by Safran SA that gained 1.24% and Airbus SE ended the session 1.11% higher.

The worst performers on the CAC 40 were TechnipFMC PLC whom fell by 2.88%, while Total SA lost 1.49% and Peugeot SA ending the session 1.30% lower.






© Copyright 2017

The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any opinion offered herein reflects current judgment and may change without notice. Users acknowledge and agree to the fact that, by its very nature, any investment in shares, stock options and similar and assimilated products is characterized by a certain degree of uncertainty and that, consequently, any investment of this nature involves risks for which the user is solely responsible and liable.