INGOT Brokers AU | European market report (2017-09-15)

European market report (2017-09-15)

Overview:

European Markets ended today’s session in the red due to the fears regarding the geopolitical tensions in North Korea which appeared again. North Korea had fired another missile and passed over Japan landing in the Pacific Ocean.

However, EUR currency rose against the greenback reaching 1.1941 at 19:00 GMT, the single currency also appreciated against the safe-haven Japanese Yen at 132.45. However, EUR declined against the Swiss Franc to trade at 1.1458.

European leading benchmark Stoxx600 fell by 0.36% during Friday’s session to close down at 380.41. The financial sector pushed the index down after edging down 0.8%.

Looking at specific stocks, the stock of JD Weatherspoon jumped by 11% on Friday, as the firm announced that it would achieve its current target for the year as the summer holiday season was very strong and helped its sales.

Moreover, Postnl added 2.9% and was one of the best performers in after Goldman Sachs upgraded Firm’s rate.

Meanwhile, Nestle announced that the company had bought a majority stake of Blue Bottle Coffee aiming to spread its coffee across the U.S. market.

FTSE100:

UK’s equities traded lower in Friday’s trading session, where FTSE100 fell by 1.10% to settle down at 7,215.47 recording loses in all the sectors.

Travel and leisure sector was lower today and was one of the worst performers due to some downgrades in sector’s companies. Carnival fell by 3.6% as its price target lowered by Credit Swiss.

On early Friday, a Tube train in London has been attacked by terrorist, as they detonated it and 18 people have been murdered.

However, GBP rose against the U.S dollar reaching its highest price since June 2016 at 1.3569.

DAX30:

German’s stocks ended today’s session in the red as the losses in Healthcare sectors pulled down the equities. DAX 30 fell by 0.17 to close lower at 12,518.81.

On Friday, Qatar said that it will retain confidence in German companies and will hold on to stakes in Deutch Bank and Volkswagen. However, Deutsche Bank was the worst performer on DAX 30 as its stock dropped by 1.67%, while Volkswagen AG gained 0.22% during today’s session.

CAC40:

Moreover, French shares ended today’s session in negative territory where CAC40 tumbled by 0.22% to end at 5,213.91 pressured by the losses in Financials and Healthcare sectors.

On Friday, ECB reported that the surplus of its trading balance had been shrunk by 1.5 billion euros reaching 18.6 billion euros in July.

 

 

 

 

 

 

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