INGOT Brokers AU | European market report (2017-07-12)

European market report (2017-07-12)



European equity markets traded surged in Wednesday’s session after investor processed Fed Chair Yellen’s testimony in front of Congress.

In what was a positive session for European equities nearly all sector advanced bolstered by a rise in oil prices after data from the U.S government showed that crude oil stocks dropped more than expected by the market despite the continuous drilling by US firms.   

Looking at specific stocks in the UK, Pearson extended on losses incurred in the previous session to fall by 4.73% after an announcement by the firm to sell 22% of its stake in Penguin Random House in an attempt to raise $999 million. Meanwhile, Micro Focus International PLC tumbled by 8.10% after earning failed to meet analyst expectations.

Royal Bank of Scotland finally settled one of its case with U.S.'s Federal Housing Finance Agency. The bank announced that it would pay a settlement of $5.5 billion for one of two major investigations in the bank's operations in the U.S. after the bank mis-sold mortgaged-backed bonds. As a result, the share prices sank by 1.95% ahead of the announcement. 



•          FTSE 100

UK’s equities ended Wednesday’s session higher after gains in Healthcare, Energy, Basic Materials, Consumer Cyclicals & Telecommunications Services sectors led equity prices higher. The Kingdom’s main benchmark FTSE 100 surged by 1.189% to last trade at 7,416.93.

Today’s gainers outnumbered the losers on the FTSE 100 with 82 gainers, 19 losers and 0 shares remained flat.

The best performers on the FTSE 100 are Mediclinic International PLC who rose by 4.73% to end at 737.91, while Burberry Group PLC gained 3.17% to settle at 1,630.68 and Antofagasta PLC ending 3.14% higher to last trade at 854.40.

The worst performers on the FTSE 100 are, Micro Focus International PLC that tumbled by 8.10% to trade at 2,055.91, meanwhile, Pearson PLC dropped 4.73% or 31 points to last trade at 623.33 and Kingfisher PLC ending the session 2.78% lower at 304.17.


•          DAX30

German equities market ended the session in the green; Equities were supported by advances in the Utilities, Healthcare, Industrials & Technology sectors. German benchmark DAX 30 surged by 1.52% to settle higher at 12,626.58.

Today most of the shares in the German benchmark settled higher with 27 gainers 3 losers, and 0 shares were left unchanged.

The best performers on the DAX 30 are, Infineon Technologies AG which added 2.88% ,followed by E.ON SE who gained 2.73% and Deutsche Post AG rose by 2.70%.

The worst performers on the DAX 30 are Commerzbank AG that fell by 1.61%, Meanwhile Deutsche Bank AG lost 0.90% and Prosiebensat 1 Media SE ending 0.40% lower.



•          CAC40


Moreover, the French stock market also advanced in Wednesday session French shares saw a boost from gains in Healthcare, Utilities, Technology & Basic Materials sectors led equities upwards. French benchmark CAC40 increased by 1.59% higher to settle at 5,222.13.

Today on the French benchmark the gainers outweighed the losers with 39 gainers, 1 loser, and 0 shares remained unchanged.

The best performers on the CAC 40 were, Valeo SA that rose by 3.13%, followed by Sanofi SA that gained 3.12% and Vinci SA ended the session 2.60% higher.

The only firm to end the session in the red is TechnipFMC PLC the fell by 0.06% to trade 24.220.





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