On Monday, European equities finished lower for the third consecutive session in as geopolitical uncertainty and the market losing faith in the Trump administration. Weighed by losses in the banking sectors as Deutsche Bank, BNP Paribas, Commerzbank, and Societe general all finished the session in negative territory.
Reports of a joint U.S and South Korean military drills heavily weighed on markets, as geopolitical tensions in the Korean Peninsula continues to rise.
Meanwhile, Donald Trump has faced opposition from his political party. As a result, raising concerns about whether he has the ability to implement his tax reform agenda, which seems more unlikely with every passing day.
Equities in the FTSE 100 fell during Monday’s trading session pressured by losses across several sectors especially in the Healthcare, Financials, and Utilities sectors, where the FTSE 100 settled lower at 7,318.88 losing 0.07 percent.
The session’s gainer slightly outnumbered the losers with 49 gainers and 46 loser and 6 flat shares.
The best performers of the session on the FTSE 100 were Micro Focus International PLC as its share rose by 3.17 percent, while Pearson PLC advanced by 2.31 percent and Persimmon PLC gained 1.39 percent.
The worst performers of the session on the FTSE 100 were, Provident Financial PLC that tumbled by 5.78 percent, followed by Shire PLC which lost 4.02 percent and St. James's Place PLC shed 1.35 percent.
Equities in the German benchmark ended Monday’s session lower after losses incurred in the Utilities, Healthcare and Basic Materials sectors pulled prices lower in which the index lost 99.20 points settling lower at 12,065.99.
The session’s losers outnumbered the gainers with 23 losers and 2 gainers and 0 flat shares.
The best performers of the session on the DAX 30 were, Deutsche Lufthansa AG that rose by 0.60 percent. Meanwhile, Vonovia SE edged higher by 0.14 percents.
The worst performers of the session on the DAX 30 were, Thyssenkrupp AG that tumbled by 3.18 percent, while Deutsche Bank AG lost 2.41 percent, and E.ON SE settled lower by 2.28 percent.
CAC 40 ended the session in the negative to trade at 5,087.59 losing 0.52 percent as losses in the Financials, Industrials, and Utilities sectors weighed on prices.
The session’s losers significantly outnumbered the gainers with 34 losers and 6 losers and 0 flat shares.
The best performers of the session on the CAC 40 were; Carrefour SA that rose by 0.78 percent, followed by Danone SA whom added 0.47 percent and Valeo SA advanced by 0.44 percent.
The worst performers of the session on the CAC 40 were, BNP Paribas SA that dropped 1.99 percent, trailed by Societe Generale SA that declined by 1.78 percent, while Credit Agricole SA fell by 1.50 percent.
© Copyright 2017
The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any opinion offered herein reflects Gotinsiders.com current judgment and may change without notice. Users acknowledge and agree to the fact that, by its very nature, any investment in shares, stock options and similar and assimilated products is characterized by a certain degree of uncertainty and that, consequently, any investment of this nature involves risks for which the user is solely responsible and liable.