European equities closed today’s session in the red as the investors are disappointing ahead of the way that U.S politics deal with Health-care reform.
Moreover, the thing which led European industries to be in negative territory is the worries of investors ahead of the major reform proposals of U.S President Donald Trump.
Banks sector was the worst performance among other sectors as they affected by the latest news from the white house, even though the earnings of Bank of America and Goldman Sachs came higher than expected, they failed to support the sector of Banks.
In addition, Technology stocks fell as the technology index in China (ChiNext) fell by 5.1% reaching the lowest level since 3 years due to the call for stronger regulation.
Looking closely at specific stocks, Rio Tinto’s stock fell by 1.5% as the miners stopped producing iron ore, this led the Basic resources sector to fell by 1.5%. However, in U.K, Royal Mail stock was one of the best performance in FTSE100 as they announced that their revenue would be increased by 1% for the second quarter of the current year. Moreover, , the stock of British Land jumped by more than 3% as the company announced that they would spend GBP300 million to buy back its shares during this year.
UK’s equities ended Tuesday’s session lower after losses in Tobacco, Forestry & Paper and Oil Equipment Services a& Distribution sectors led equity prices lower. The Kingdom’s main benchmark FTSE 100 fell by 0.19% to last trade at 7,390.22.
Today’s losers outnumbered the gainers on the FTSE 100 with 55 losers, 44 gainers and 2 shares remained flat.
The best performers on the FTSE 100 are G4S PLC who rose by 3.43% to end at 341.1, while British Land Company PLC gained 3.15% to settle at 620.43 and Royal Mail PLC ending 3.08% higher to last trade at 411.1.
The worst performers on the FTSE 100 are, Experian PLC that tumbled by 2.05% to trade at 1,549.47. Meanwhile, Barclays PLC dropped 1.91% or 4 points to last trade at 205.77 and Wolseley PLC ending the session 1.39% lower at 4,613.55.
German equities market ended the session in the red; Equities were pressured by falling in the Chemicals, Retails, and Pharmaceuticals sectors. German benchmark DAX 30 dropped by 1.25% to settle higher at 12,430.39.
Today all of the shares in the German benchmark settled lower with 30 losers,0 gainers and 0 shares were left unchanged.
The best performers on the DAX 30 are, Vonovia SE which fell 0.16%, followed by Infineon Technologies AG who dropped 0.41% and Deutsche Continental AG lost by 0.43%.
The worst performers on the DAX 30 are Deutsche Bank AG that fell by 2.51%, Meanwhile BASF SE lost 2.19%, and Linde AG is ending 2.10% lower.
Moreover, the French stock market also fell in Tuesday session French shares pressured by the losses in Healthcare, Technology and Basic Materials sectors led equities downwards. French benchmark CAC40 declined by 1.09% higher to settle at 5,173.27.
Today on the French benchmark the losers outweighed the gainers with 37 losers, 3 gainers, and 0 shares remained unchanged.
The best performers on the CAC 40 were, Unibail Rodamco SE that rose by 0.61%, followed by Capgemini SE that gained 0.28% and Engie SA ended the session 0.04% higher.
The worst performers on the CAC40 are Nokia Oyj that fell by 3.31%, Meanwhile, Compagnie Generale des Etab lost 2.36% and Solvay SA ending 1.75% lower.
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