INGOT Brokers AU | European market report (2017-07-11)

European market report (2017-07-11)

European equities markets traded in negative territories on Tuesday to loss gains made in the previous session, as the fluctuation in Oil prices and disappointing economic data in the UK weighed on markets.

In the United Kingdom, Equities dropped after investors reacted to downbeat industry survey and PwC’s report the indicated business sentiment has dropped in Kingdom post-Brexit.

Looking at specific stocks in UK, Marks & Spencer fell by more than 4% after the retail giant reported a drop of 1.2% in clothing and household sales. Meanwhile, Pearson dropped by more than 5% ahead of an announcement by the firms to sell 22% of its stake in Penguin Random House in an attempt to raise $999 million.

Elsewhere in Europe, other indices also ended lower as investors are being cautious ahead of Fed Chair Janet Yellen’s testimony on Wednesday and Thursday in front of the U.S Congress. Also adding to market volatility are reports that Donald Trump Jr. Met with Russian lawyer who allegedly had damaging information on presidential candidate Hillary Clinton.         



•          FTSE 100

UK’s equities ended Tuesday’s session lower after losses in Consumer Cyclicals, Industrials, Telecommunications Services & Healthcare sectors led equity prices lower. The Kingdom’s main benchmark FTSE 100 dropped by 0.55% to last trade at 7329.76.

Today’s losers outnumbered the gainers on the FTSE 100 with 76 losers, 23 gainers and 2 shares remained flat.

The best performers on the FTSE 100 are Glencore PLC who rose by 2.14% to end at 307.47, while Anglo American PLC gained 1.55% to settle at 1,084.4 and Fresnillo PLC ending 1.19% higher to last trade at 1,446.87.

The worst performers on the FTSE 100 are, Pearson PLC that tumbled by 5.14% to trade at 660.14, meanwhile, Marks and Spencer Group PLC dropped 4.69% or 15.9 points to last trade at 327.005 and Associated British Foods PLC ending 4.08% lower at 2,849.73.


•          DAX30

German equities market ended the slightly lower ahead of cautious trade prior to Fed Chairs Yellen’s Testimony, Equities were pressured by losses in the Utilities, Consumer Non-Cyclicals, Technology & Telecommunications Services sectors. German benchmark DAX 30 edged lower by 0.07% to settle higher at 12,437.02.

Today most of the shares in the German benchmark settled lower with 17 losers, 13 gainers and 0 shares were left unchanged.

The best performers on the DAX 30 are, Bayerische Motoren Werke AG  which added 1.70%, followed by Daimler AG who gained 1.25% and Thyssenkrupp AG ending slightly higher by 1.22%.

The worst performers on the DAX 30 are RWE AG that fell by 1.24%, Meanwhile Henkel AG & Co KgaA lost 1.17% and SAP SE ending 1.07% lower.

•          CAC40

Moreover, the French stock market also lost in Tuesday’s session as losses incurred in Technology, Utilities & Telecommunications Services sectors led equities downwards. French benchmark CAC40 closed 0.48% lower to settle at 5,140.60.

Today on the French benchmark the losers outweighed the gainers with 28 losers, 12 gainers, and 0 shares remained unchanged.

The best performers on the CAC 40 were, TechnipFMC PLC SA that rose by 2.30%, followed by ArcelorMittal SA that gained 1.70% and Peugeot SA ended the session 1.19% higher.

The worst performers on the CAC 40 are Danone SA who fell by 1.75%, while Kering SA lost 1.56% and Sodexo SA falling by 1.46%.






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