INGOT Brokers AU | European market report (2017-10-06)

European market report (2017-10-06)

European markets ended Friday’s session in red notes as investors digested the nonfarm payroll data from the U.S.

The latest data of the nonfarm payroll showed that the U.S lost 33,000 jobs, well below economists expectation, which estimated that the county will add 90,000 new jobs in September, on the other hand, the unemployment rate came better than expected at 4.2%.

Looking at the common currency, the euro rose against its dollar counterpart to trade at 1.1732 at 16:00 GMT. Furthermore, the single currency also rose versus Japanese Yen to trade at 132.21 at 16:00 GMT. Moreover, The EUR gained versus the safe-haven Swiss Franc to trade at 1.1471 at 16:00 GMT.

European primary benchmark Stoxx 600 fell by 0.4% in Friday’s session to trade at 389.47 at the close. The index found pressure from the Utilities and Energy sectors.

Construction and material stocks were among the worst performing stock in the session, finishing 0.9 lower as the Irish building materials firm shares closed lower by 1.83 %.

Meanwhile, miners and oil companies closed in negative territories with Tullow Oil dropping 4.56 % as oil prices fell nearly 3% making it the worst performing stock in the European benchmark index.

In the banking sector, most banks shares were trading in red notes as investors were concerned regarding the political tension in Spain. Meanwhile, there were doubts over whether the region will be able to declare independence from Spain After the Spanish Constitutional High court ordered the parliament of the Catalonian region to close on Monday.

Banco Sabadell and Caixabank were both trading near the bottom in Friday’s session after Banco Sabadell stated that it would move its headquarters from Catalonia while Caixabank said that it will make a decision on Friday.

 

 

 

FTSE100

UK’s equities ended today’s session in positive territories; London’s leading benchmark FTSE100 gained 0.2% to trade At 7,522.87. Supported by gains in the HealthCare and Consumer Cyclicals sectors that rose 0.57% and 0.46% respectively.

Regarding airline shares, EasyJet fell 1.63 % despite postig record sales for the summer. While the rival company Ryanair slumped nearly 3 %.

On Friday, the sterling fell against its U.S dollar counterpart to trade at 1.30543 at 17:00 GMT.

 

DAX30

German equities ended Friday’s session slightly lower, the index gains in the Consumer Cyclicals sector were offset by losses in the Consumer Non-Cyclicals sector.

The leading German index DAX 30 edged lower by 0.09% to end the session at 12,955.94.

Regarding best-performing stocks, Prosiebensat 1 Media gained 2.69% followed by the giant car manufacturer VW which rose by 0.78%.on the other hand ThyssenKrupp and Vonovia fell 2.87 and 1.61% respectively.

 

CAC40

French equities ended today’s session in red notes, Paris’s Primary benchmark CAC40 fell by 0.36% to trade at 5,359.9. The French index found pressure from the Consumer Cyclicals and Consumer non-Cyclicals sectors as the both fell nearly 1%.

Autos sector was one of the few sectors trying to post gains in Friday’s trading session, the French carmaker Renault closined up 0.49 %. As Renault promised to post a 44 % sales increase by the year 2022.

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