European Markets ended Wednesday’s session on mixed notes, as cautious trade prevailed ahead of the Federal Reserve monetary policy decisions in the US.
Looking at the single currency, euro currency rose against the greenback to trade 1.2010 at 17:00 GMT, the single currency also appreciated against the safe-haven Japanese Yen to trade at 133.62 at 17:00 GMT. The EUR also advanced against the Swiss Franc to trade at 1.1533.
European leading benchmark Stoxx 600 edged down by 0.04% on Wednesday session to end the session at 381.98. As losses in the Consumer non-cyclical and Technology sectors were offset by gains in the Energy and Telecommunication sectors.
UK’s equities edged lower on Wednesday’s trading session; London’s leading benchmark FTSE100 lost 0.05% to settle down at 7,271.95. As losses in Consumer Non-Cyclical, Financials and Healthcare sectors were offset by a gain in the Energy, Technology, and Consumer Cyclical Sectors helped the equity prices.
Looking at Stock in the FTSE, Kingfisher announced 1% rise in profits for the first half of year. However, the firm stated that it would proceed with caution for the next six months, saying that business in France and the United Kingdom indicates a drop in pace over the second half of the year.
On Tuesday, the cable rose against the greenback to trade at 1.3593 17:00 GMT
German stocks edged slightly higher in today’s session as significant gains in the Utility and Telecommunication services sectors offset losses in the Financials and Consumer Non-Cyclicals sectors. Germany’s primary benchmark DAX 30 edged up by 0.06% to settle at 12,569.17 at the close.
Looking at stock-specific news, Telecommunication sectors in Europe was up by nearly 0.1 percent in today session, as Deutsche Telekom surged to the top of the table after Kapler Cheuvreus upgraded the stock recommendation to buy from hold. Deutsche Telekom advanced by 1 percent on the news.
A joint venture between ThyssenKrupp and India’s Tata Steel is set to kick off after they announced a preliminary deal to combine their European steel operations, the venture will ultimately create the continents second largest steel group. ThyssenKrupp share price surged by more than 2% on the news.
Moreover, French shares ended today’s session in positive territory, after Paris leading benchmark CAC 40 rose by 0.08% to end the session at 5,241.66, the index found support from gains in the Basic Materials, Utilities, and Energy sectors.
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