European Markets ended Tuesday’s session in positive territories for the second consecutive session; lifted news that the EU is open to prolonging its current asset-purchase program till 2018. Meanwhile, media companies and airlines boosted equity markets in Europe.
Looking at the single currency, euro currency rose against the greenback to trade 1.1973 at 18:00 GMT, the single currency also appreciated against the safe-haven Japanese Yen by 0.6% to trade at 133.79 at 18:00 GMT. The EUR also advanced by 0.35% against the Swiss Franc to trade at 1.1540.
European leading benchmark Stoxx 600 edged up 0.04% during Tuesday’s session to end the session at 382.12. After gains in the Energy and Telecommunication Services sectors offset losses that were incurred in Consumer Non-Cyclicals sectors.
Portuguese equities continued to advance after Standard & Poor's upgraded Portugal to investment grade rating last Friday.
Looking at specific stocks on the Stoxx, Eurofins Scientific was the top performer of the session on the Stoxx after the firm announced that it is in agreement with Odyssey Investment Partner to acquire EAG Laboratories, the company’s share price surged by more than 6% on the news.
Meanwhile, Metso, the second-best performer of the session, saw its share price surge by more than 5% after Morgan Stanley upgraded the firm’s recommendation from “Underweight” to “equal-weight.”
On the other hand, Hugo boss tumbled towards the bottom of the index after Morgan Stanley downgraded the global brand to underweight from equal-weight. The German fashion retailer’s share price dropped by 3.64% on the news.
UK’s equities traded higher in Tuesday’s trading session; London’s leading benchmark FTSE100 rose by 0.30% to settle up at 7,275.25. As gains in Energy, Utility, and Financial Sectors helped the equity prices.
On Tuesday, the cable rose against the greenback to trade at 1.3515 18:00 GMT
German stocks edged slightly higher in today’s session as significant gains in the Telecommunications services sectors offset losses in the Basic Materials and Consumer non-Cyclicals sectors. Germany’s primary benchmark DAX 30 edged up by 0.02% to settle at 12,559.39 at the close.
German telecommunications giant Deutsche Telekom was the best performer on the DAX 30 after a CNBC reported that T-Mobile and Sprint Corp are in active merger talk, Deutsche Telekom the controlling company of T-Mobile surged by 3.12% on the news.
Moreover, French shares ended today’s session in positive territory, after Paris leading benchmark CAC 40 rose by 0.16% to end the session at 5,2237.44, the index found support from gains in the Technology, Healthcare and Energy sectors.
Capgemini share price jumped by more than 1% after the firm announced that is has expanded on its capital market expertise after the hiring of Ferreol de Naurois and Ziad Chammaa, the former founders of Iridium Consulting, the two have a breadth of experience in financial consulting and technology for financial institutions in the capital markets.
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