INGOT Brokers AU | European market report (2017-07-13)

European market report (2017-07-13)

European equities except UK equities ended Thursday’s session in the green as investors are optimistic ahead of new earning reports and after the comments by U.S Federal Reserve Chair Jennet Yellen that Fed would increase its interest rate gradually and the inflation is still under the target level which may affect the monetary policy. 
Moreover, EUR was lower against USD as the Governor Bank of Latvia and one the members in ECB said that the QE program might extend for two years.  
Retail stocks were up by 3.6% as the French retailer Casino said that the due to the strong sales in France, profit goals would be achieved, Spot Direct of Britain's rose by 1% as they bought 25% approximately in video games retailer Game Digital.
Investors are keeping an eye on the meeting results between German Chancellor Angela Merkel and her counterpart Emmanuel Marcon, where they will present a plan to co-ordinate the countries' corporate tax frameworks.
Meanwhile, the annual inflation of Germany rose by 1.6% in June from 1.5% in May, while the annual inflation of France rose by only 0.7%.
According to The average asking price for a house in the United Kingdom, the score of UK’s average house’s selling price came significantly lower than expected by +8 at +7, where the score expected to be +15, reaching the lowest level since 11 months.
•    FTSE 100:
UK’s equities ended Thursday’s session in the red due to the losses generated by Healthcare, Energy, and Basic Materials Sectors, where FTSE 100 declined by 0.05% at 7413.44.
Advancing stocks outnumbered falling ones by, 58 gainers, 39 losers while 4 shares remained flat.
The best performers on the FTSE 100 were BT Group PLC who rose by 3.96% to end at 306, while Marks and Spencer Group PLC gained 3.42% to settle at 324.33 and Taylor Wimpey PLC ending 3.33% higher to last trade at 183.16.
The worst performers on the FTSE 100 are, AstraZeneca PLC that tumbled by 3.45% to trade at 4978.5. Meanwhile, Shire PLC dropped by 95 points to last trade at 4208.5 and Sky PLC ending the session 2.06% lower at 995.61.

•    DAX30:
German equities market ended the session in the green; Equities were supported by advances in the Financial Basic Materials and Telecommunication Services sectors. German benchmark DAX 30 surged by 0.12% to settle higher at 12,641.33.
Today most of the shares in the German benchmark settled higher with 21 gainers 7 losers, and 7 shares were left unchanged.
The best performers on the DAX 30 are, Commerzbank AG which added 2.69%, followed by Deutsche Lufthansa AG who gained 1.60% and Adidas AG rose by 1.06%.
The worst performers on the DAX 30 are Siemens AG that fell by 1.87%, Meanwhile Heidelbergcement AG lost 1.06% and Fresenius SE & Co KGaA ending 0.59% lower.
•    CAC40:
Moreover, the French stock market also advanced in Thursday session French shares saw a boost from gains in Telecummination services, Financials, and Consumer non-Cyclicals sectors led equities upwards. French benchmark CAC40 increased by 0.25% higher to settle at 5235.40.
Today on the French benchmark the gainers outweighed the losers with 26 gainers, 13 losers, and 26 shares remained unchanged.
The best performers on the CAC 40 were, ArcelorMittal SA that rose by 2.28%, followed by Orange SA that gained 1.63% and BNP Paribas SAended the session 1.41% higher.
The worst performers on the CAC40 are TechnipFMC PLC that fell by 1.96%, Meanwhile Vivendi SA lost 1.75% and Sodexo SA ending 1.64% lower.


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