INGOT Brokers AU | European market report (2017-08-07)

European market report (2017-08-07)

European Equity markets settled mostly mixed in today’s side-trended trading session following the economic data and affected by the stronger Euro.

Eurozone investor confidence fell for the second consecutive month in August to its lowest level in three months, showing that investor confidence index dropped to 27.7 in August from 28.3 in July.

Moreover, German industrial output surprisingly fell 1.1 percent in June witnessing it’s the first decline this year, while production fell for the first time in six months against the expected 0.1 percent gain.

Furthermore, UK house price inflation slowed to a more than four-year low in July, data from the mortgage lender Halifax and IHS Markit showed Monday.

House prices increased 2.1 percent year-on-year in three months to July, following the 2.6 percent rise seen in three months to June. This was the weakest growth since April 2013. Prices were forecast to gain 2 percent.

UK consumer spending decreased for a third straight month in July, marking the longest period of decline since early 2013, results of a survey by the global payments technology provider Visa showed Monday.

 

FTSE 100

Equities in the FTSE 100 traded mixed during today’s trading session recovering from their declines in the early parts of today’s trading session, where the FTSE 100 settled marginally higher at 7,531.94 gaining 0.27 percent or 20.23 points led by the gains in the Basic Materials sector.

The session’s gainers slightly outnumbered the losers by 12, with 56 gainers and 44 losers and single flat share.

The best performers of the session on the FTSE 100 were, Anglo American PLC gaining by 3.11 percent, Glencore PLC adding 8.75 points and Rio Tinto PLC rising by 2.57 percent.

The worst performers of the session on the FTSE 100 were, Paddy Power Betfair PLC falling by 4.67 percent, Pearson PLC losing 25 points and Mediclinic International PLC shading 2.45 percent.

 

DAX 30

Shares in the DAX ended in the red despite the high gains in Telecommunications Services, where the DAX lost 0.33 percent or 40.55 points settling at 12,257.17 following today’s early trading hours.

The losers significantly outnumbered the gainers in today’s red colored trading session, with 24 gainers, six losers, and no flat share.

The best performers of the session on the DAX 30 were, Thyssenkrupp AG gaining 1.26 percent, Deutsche Telekom AG adding 1.24 points and Deutsche Lufthansa AG rising by 0.99 percent.

The worst performers of the session on the DAX 30 were, Fresenius SE & Co KGaA losing 1.87 percent, Fresenius Medical Care AG & Co. KGaA falling by 1.16 points and Deutsche Bank AG ending lower at 15.47.

 

CAC 40

CAC 40 settled higher at 5.203.44 adding 0.09 percent supported by the gains in Basic Materials sector during today’s mostly down-trending session and despite the losers outnumbering the gainers.

At the session’s end, the 22 losers outnumbered the 18 losers with no flat shares.

The best performers of the session on the CAC 40 were, ArcelorMittal SA gaining 4.67 percent, Credit Agricole SA adding 0.28 points and Societe Generale SA rising by 0.88 percent.

The worst performers of the session on the CAC 40 were, Vivendi SA falling by 1.36 percent, Airbus SE losing 0.89 points and Carrefour SA adding 0.72 percent.

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