European Markets ended Thursday’s session mostly on higher notes after the Fed signaled one rate hike this year and announced its plan of trimming its $4.5 trillion balance sheet.
Looking at the single currency, euro currency rose against the greenback to trade 1.1931 at 17:00 GMT, the single currency also appreciated against the safe-haven Japanese Yen to trade at 134.13 at 17:00 GMT. The EUR also advanced against the Swiss Franc to trade at 1.1585.
European leading benchmark Stoxx 600 rose by 0.24% on Thursday session to end the session at 382.88. As gains generated in the Financial, Energy, and Healthcare sectors led to higher share prices.
Looking at individual at equities in the Stoxx, British firm Capita report that underlying revenue has fallen by 3% for the first half of the year, the company said was the Brexit has slowed down business. The company was the worst performer of the session as the Capita’s share price fell by 11.5% on the news.
UK’s equities ended today’s session in negative territories on Thursday; London’s leading benchmark FTSE100 lost 0.11% to settle down at 7,263. 50. As losses in Consumer Non-Cyclical, Technology and Telecommunication service sectors pressured prices to the downside.
Looking at Stock in the FTSE, Kingfisher share price tumbled by 4.09% despite announcing a 1% rise in profits for the first half of year on Wednesday. However, the firm said it would proceed with caution for the second half of the year, as business in France and the United Kingdom are showing a drop in pace over the second half of the year.
On Tuesday, the cable rose against the greenback to trade at 1.3573 17:00 GMT
German stocks advanced in today’s trading session as significant gains in the Financial, Industrial and Consumer Cyclical sectors pushed prices to the upside. Germany’s primary benchmark DAX 30 rose by 025% to settle at 12,600.03 at the close.
Looking at stock-specific news, Germany weekly reported that State-backed Commerzbank and France’s BNP Paribas are in the process of a merger. Commerzbank’s Share surged more than 3% on the news.
Meanwhile, French equities ended today’s session in positive territory, after Paris leading benchmark CAC 40 surged by 0.49% to end the session at 5,267.29, the index found support from gains in the Industrial, Healthcare, and Financial sectors.
Looking at stock-specific news, reports of French company BNP Paribas and Germany’s Commerzbank are in the process of a merger saw French company share price rose by more than 1% on the news.
© 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.