INGOT Brokers AU | European market report (2017-08-10)

European market report (2017-08-10)

European equity markets ended Thursday’s trading session in negative territory pressured by the geopolitical tensions surrounding North Korea.

Geopolitical fears remained the biggest concern after North Korea dismissed comments from President Donald Trump as a "load of nonsense" and said it was outlining plans for a missile strike near Guam, where the U.S. has a military base, in mid-August.

As for the release front, Data out Thursday showed the U.K.'s trade deficit rising in June due to a fall in exports. The trade deficit went from £2 billion in May to £4.56 billion in June. In France, industrial output contracted 1.1 percent on a monthly basis in June.

 

FTSE 100

Equities in the FTSE 100 traded lower during today’s down-trending trading session led by the losses in Telecommunications Services and Energy, where the FTSE 100 settled lower at 7,389.94 losing 108.12 points.

The session’s lower significantly outnumbered the gainers by 67, with 84 losers and 17 gainers and no flat shares.

The best performers of the session on the FTSE 100 were, Coca Cola HBC AG surging by 9.23 percent, Worldpay Group PLC adding 19 points and Randgold Resources Ltd rising by 1.29 percent.

The worst performers of the session on the FTSE 100 were, BT Group PLC falling by 4.60 percent, Rio Tinto PLC losing 119.5 points and Lloyds Banking Group PLC shading 3.11 percent.

 

DAX 30

The shares in DAX ended in the red led by losses in the Financials and Basic Materials sectors, where the DAX lost 1.15 percent or 139.70 points settling at 12,014.30.

The losers significantly outnumbered the gainers in today’s trading session, with 28 losers, two gainers, and zero flat shares.

The best performers of the session on the DAX 30 were, Thyssenkrupp AG gaining 0.82 percent, Prosiebensat 1 Media SE adding 0.24 points and Bayerische Motoren Werke AG falling by 0.02 percent.

The worst performers of the session on the DAX 30 were, Henkel AG & Co KgaA losing 4.11 percent, Deutsche Bank AG falling by 0.46 points and Muenchener Rueckversicherungs Gesellschaft AG ending lower at 177.35.

 

CAC 40

CAC 40 settled lower at 5,115.23 losing 0.59 percent led by losses in the Consumer Non-Cyclicals and Financials sectors during today’s down-trending session.

At the session’s end, the 32 losers outnumbered the eight gainers with no flat shares.

The best performers of the session on the CAC 40 were Engie SA gaining 0.44 percent, Valeo SA adding 0.24 points and Bouygues SA rising by 0.39 percent.

The worst performers of the session on the CAC 40 were, Danone SA falling by 1.71 percent, Schneider Electric SE losing 1 point and AXA SA ending lower at 24.79.

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