European markets ended Monday’s session in green notes with the exception of the U.K market.
Looking at the common currency, the euro rose against the dollar to trade at 1.1748 at 17:00 GMT. Furthermore, the single currency also rose versus Japanese Yen to trade at 132.36 at 17:00 GMT. Moreover, The EUR gained versus the safe-haven Swiss Franc to trade at 1.1512 at 17:00 GMT.
European primary benchmark Stoxx 600 rose by 0.19% in Monday’s session to trade at 390.21 at the close. The index found support from the Utilities and technology sectors.
The utility sector rose 1.34% after the Swedish company Statoil said that it found oil in the Northan sea that contains up to 130 million barrels. Meanwhile, technology stocks rose nearly 0.75% as the Swedish firm Ericsson gained 2.74% after news that the Swedish company could choose Ronnie Leten, a former CEO at Atlas Copco, as its new chairman.
Regarding major individual stock, Man Group, rose 3.27 % after Exane BNP Paribas upgraded its rating on the share to "outperform”. Furthermore, Telecom firm TDC also, jumped 2.48 % after Barclays raised its target on the stock price.
On the other side, German firm K+S slumped more than 8% after posting a strategy update the CEO of the company stated that the production and growth in Germany are one of the main factors that affect the growth strategy.
In economic news, the central bank of Europe released its stress test results regarding the impact of an increase in interest rates in the banking sector the central bank said that most European banks will be able to manage the interest rate risk.
UK’s equities ended today’s session in negative territories; London’s leading benchmark FTSE100 fell 0.2% to trade At 7,507.89. As losses in the Basic Materials and telecommunication services sectors led the index lower.
Regarding worst-performing stocks London-listed miners such as Anglo American and Rio Tinto, fell 3.4% and 2.24% respectively
On Monday, the sterling rose against its U.S dollar counterpart to trade at 1.3145 at 17:00 GMT.
German equities ended Monday’s session in green; the index found support from the utility sector which rose by nearly 3% followed by the technology sector.
The leading German index DAX 30 rose by 0.16% to end the session at 12,976.40.
Regarding best-performing stocks, E.ON SE1 gained 3% followed by RWE which rose by 2.73%.on the other hand Deutsche Bank and ThyssenKrupp fell 2.34% and 1.5% respectively.
French equities ended today’s session in green notes, Paris’s Primary benchmark CAC40 rose by 0.11% to trade at 5,365.830. The French index found support from the Utilities and Consumer non-Cyclicals sectors as they both rose by nearly 1%.
Regarding best-performing stocks, Kering gained nearly 2% followed by Pernod Ricard and Engie that rose by 1.21% and 1.19% respectively.On the other hand, Airbus fell 2.25% after its CEO warned of turbulent times in the near future.
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