INGOT Brokers AU | European market report (2017-07-17)

European market report (2017-07-17)

European equities were mixed on Monday as investors focused on the positive economic data in China and as they are keeping an eye on the second round of Brexit. 
The economic growth in China was strongly higher than expected, where the annual economic growth reached 6.9% in the second quarter of this year, reported by National Bureau of Statistics . This led the stocks of basic resources in Europ to be the one of the best performance where it rose by more than 1% as these stocks are heavy exposure to China.
Looking closely at specific stocks, Weir Group was one of the best performance in Eurozone, where its stock surged by 8.4% after the news that, they expect their revenues from oil and gas will rise.
In the UK, ITV’s share rose by 1.4% as the company announces that McCall who was the CEO of Easyjet for seven years will become the chief executive of ITV.
After sterling had reached the highest price since three months against USD on Friday, GBP today was lower against USD at 1.3066 due to the rise in the concerns ahead of the political uncertainties of Brexit.
European inflation fell slightly from May ones by 0.1% where the inflation in June has been dropped at 1.3%.
June UK house prices fell for three months in a row, UK house prices dropped by 0.1% in June at 0.2%, June average prices was GBP 301,114.

•    FTSE100:

UK’s equities ended Monday’s session in the Green due to the Gains generated by Basic Materials, Telecommunication Services, and Technology sectors, where FTSE 100 rose by 0.35 to trade at 7,404.13.
Rising stocks outnumbered falling ones with, 71 gainers, 28 losers while 2 shares remained flat.
The best performers on the FTSE 100 were Ashtead Group PLC who rose by 3.42% to end at 1589.74, while Micro Focus International PLC gained 3.30% to settle at 2,159.35 and Antofagasta PLC ending 2.27% higher to last trade at 877.19
The worst performers on the FTSE 100 are, Imperial Brands PLC that tumbled by 1.63% to trade at 3,449.70. Meanwhile, Experian PLC dropped 1.51% or 24 points to last trade at 1,568.11 and Sage Group PLC ending the session 1.10% lower at 677.49.


•    DAX30:

German equities under DAX 30 index ended the session in the red; Equities were pressured by losses in the Healthcare, Telecommunications Services, and Industrials sectors. German benchmark DAX 30 fell by 0.35% to settle lower at 12,587.16.
Today most of the shares in the German benchmark settled lower with 22 losers, 8 gainers, and no shares remained flat.
The best performers on the DAX 30 are, Deutsche Lufthansa AG which added 1.03%, followed by Adidas AG who gained 0.72% and ThyssenKrupp AG rose by 0.66%.
The worst performers on the DAX 30 are Deutsche Boerse AG that fell by 1.35%, Meanwhile Siemens AG lost 1.08% and Vonovia SE ending 1.03% lower.


•    CAC40:

Moreover, the French stock market also lost in Tuesday’s session as losses incurred in Healthcare, Industrials and Financials led equities downwards. French benchmark CAC40 closed 0.10% lower to settle at 5,230.17.
Today on the French benchmark the losers outweighed the gainers with 21 losers, 19 gainers, and 0 shares remained unchanged.
The best performers on the CAC 40 were, Lafargeholcim Ltd that rose by 1.48%, followed by ArcelorMittal SA that gained 1.30% and Solvay SA ended the session 1.29% higher.
The worst performers on the CAC 40 are Airbus SE who fell by 1.23%, while Vivendi SA lost 1.06% and Sanofi SA falling by 0.92%.

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