European Daily Market Review
January 28. 2020
January 27, 2020
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January 24, 2020
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January 23, 2020
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January 22, 2020
January 20, 2020
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January 17, 2020
January 16, 2020
January 15, 2020
January 14, 2020
January 13, 2020
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January 10, 2020
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January 09, 2020
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January 08, 2020
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January 01, 2020
December 31, 2019
December 17, 2019
December 16, 2019
December 13, 2019
December 12, 2019
December 11, 2019
December 10, 2019
The leading European stock markets are into a fluctuating mode.
The British FTSE-100 gained 0.18% while the CAC-40 inclined 0.12% and the German the DAX slipped 0.04%.Renault SA’s board will meets today to possibly appointing Luca de Meo as chief executive officer (CEO).
The car maker’s is expected to approve the nomination of Luca de Meo, the former head of Volkswagen’s (VOWG_p.DE) Seat brand.
Airbus (AIR.PA) faces billions of USD in the form of fines after agreeing in principle to a settlement with French, British and U.S. authorities.
This comes after the European planemaker has been investigated for possibly corruption over jet sales dating back over a decade.
The European Central Bank stated that 6 out of 109 banks, evaluated in 2019 had a level of financial strength below the official targets for 2020.
European banks have contended for a decade with steadily surging capital requirements that are only now starting to emerge as serious issues.
January 27, 2020
European markets are plunging on Monday as fears over the impact of the spreading Wuhan coronavirus have negatively impacted investor sentiment. Losses are especially bad in the travel and leisure sector, as well as in the airlines, luxury goods makers, mining stocks, and banks.
The pa-European Stoxx Europe 600 is down 2.3%, looking at its worst daily loss since August. Germany’s DAX and the CAC 40 in France both losing 2.7%. In Spain the IBEX 35 is down 1.9%, and in Italy the FTSE MiB has fallen 2.1%.
London’s FTSE 100 is also down 2.1% and the more domestically focused FTSE 250 has a 2% loss.
Investors are beginning to weigh the potential economic impact of the virus, and one of the sectors hard hit on Monday was the luxury goods makers. Burberry group shares are 4.3% lower, Kering has dropped 4.1%, and LVMH is down 3.8%.
The airlines are also falling sharply today on fears of global travel being impacted by the virus, with Lufthansa plunging 5.5%, EasyJet falling 5.7%, Air France sliding 7%, and British Airways parent IAG losing 5.7%.
Mining stocks, which are extremely sensitive to the Chinese economy since the country is a huge buyer of natural resources, fell sharply as well. Shares of Antofagasta are down 3.8%, BHP is falling 3.9%, and Glencore has a loss of 4%.
Oil is another commodity that’s been falling in response to the spread of the virus. Crude is dropping for the fifth consecutive session on Monday and shares of BP are 1.2% lower, while Total has lost 1.7%.
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January 24, 2020
European markets moved solidly higher on Friday after a raft of preliminary PMI data for the European Union showed some glimmers of hope for improved growth in 2020. Investors were also continuing to monitor the coronavirus situation, but were calmed by the World Health Organizations decision not to declare the outbreak a global emergency, saying it was still too early to determine.
The pan-European Stoxx Europe 600 climbed 0.9% higher, while Germany’s DAX soared 1.4%, and the CAC 40 in France advanced 0.9%. Gains were seen across the rest of Europe too, with the FTSE MiB in Italy up 1.1%, and the IBEX 35 in Spain adding 0.5%.
Industrial and technology stocks led gains for Europe. Shares of Bayer were up 2.5% on news of a potential out of court settlement in a trial that alleges its Roundup weed killer causes cancer.
In economic data, a raft of flash PMI data released early Friday morning showed continuing weakness in euro zone business activity. There were some signs of hope for the future however, such as the composite future output index rising to 61.2, which is its highest level since September 2018.
The euro zone composite flash PMI remained at 50.9 in January, which was slightly lower than analyst expectations, but was still welcome as readings over 50 indicate an expanding economy.
In London the FTSE was 1% higher, helped by a weaker Pound and with January PMI data coming in above forecast. The flash composite PMI hit 52.4 against an expectation of 50.6, with both manufacturing and services exceeding expectations.
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January 23, 2020
European markets lost some ground today with shares in Germany off the most.
The DAX slipped 0.45% while London's FTSE-100 dropped 0.36% and the French CAC-40 lost 0.12%.
European Central Bank President Christine Lagarde testified before the European Parliament's Economic and Monetary Affairs Committee in Brussels, Belgium on December 2, 2019.
The European Central Bank launched a broad review of its policy that is expected to see new President Christine Lagarde redefine the ECB’s main goal and how to achieve it.
Trade concerns were also resurfacing for investors after comments made by President Donald Trump in Davos at the World Economic Forum.
The euro currency is still flat and stands around the rate of $1.1095.
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January 22, 2020
European markets are into a mixed pattern. The German DAX gained 0.08% while the CAC-40 inclined 0.02%.
The British FTSE 100 slipped around 0.30%.
German stocks edged into fresh record territory this morning, as equities across Europe have hard time to enter into a positive ground.
The U.K.’s main goal is to secure a trade deal with the European Union ahead of the U.S., the country’s Finance Minister Sajid Javid said.
London is about to leave the EU on Jan. 31, and the government has set a deadline for a trade deal with the EU for the end of 2020.
The possibilities of Bank of England reducing the interest-rate this month took was positively affected by growing optimism among U.K. manufacturers.
Jaguar Land Rover will cut around 500 workers, which is around 10% of the workforce at its Halewood plant near Liverpool, northern England.
This comes as the car maker tris to reduce costs amid mounting spending on electric cars.
January 20, 2020
European markets are into a mixed pattern.
The German DAX gained 0.12%, while the French CAC-40 slipped 0.36%. The British FTSE-100 fell 0.22%.
Sono Motors GmbH, the German startup working to serially produce a solar-charged electric car announced that will continue its operations. The sum passed its 50 million euro ($55 million), the Munich-based company reported in a tweet.
European Union Trade Commissioner Phil Hogan stated that Beijing must improve an offer to scale back barriers to foreign money in case the two blocks are able to come up to an agreement.
Deutsche Bank AG is offering to buy the debt of an Indian power producer at a discount of about 70%.
The GBP could enter into a recovery from the post-election sell-off as support levels to start the trend. It proposed to pay 11.50 billion rupees ($162 million) for 39 billion rupees of loans.
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January 17, 2020
European stocks were poised for another record session on Friday, boosted by solid encouraging China economic data.
The stocks from London are leading the region into a higher mode.
The Stoxx Europe 600 added 0.8% to 424.11, enter into record high marks. In fact, the index soared 0.2% to 420.52 yesterday, coming above forecasts.
The German DAX-30 rallied 0.7%, while the French CAC-40 gained 1.05% and the FTSE-100 index inclined 0.9%.
The euro’s January consolidation versus the GBP will have a challenging week, when the European Central Bank meets and U.K. data may decide whether the Bank of England cuts interest rates.
In fact, the common currency reversed early retreats versus the GBP and marked a rate of 85.21 pence per euro after data showed that U.K. retail sales dropped in December.
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January 16, 2020
European markets are mixed. The French CAC-40 inclined 0.02%, while the British FTSE-100 slipped almost 0.50%, while the German the DAX lost 0.13%.
European companies hoped that that European Union policy-makers to follow toughen their approach to China. In fact, BusinessEurope, an organisation grouping business federations from 35 countries, stated that China was the most restrictive of the EU’s major trading partners.
Renault SA Chairman Jean-Dominique Senard announced that the two-decade automotive partnership with Nissan Motor Co. has moved on from the Carlos Ghosn era, dismissing reports it’s in danger of collapse and signaling the “anguish” of last year is over.European equities are becoming more attractive.
Many traders and investors are looking to dedicate more funds since June 2017 into the Vanguard FTSE Europe ETF, the biggest exchange-traded fund for the region’s stocks.
January 15, 2020
European markets are still without a clear market direction.
The British FTSE-100 soared 0.01%, while the French CAC-40 and the German DAX are into a retreat of 0.34% and 0.31% accordingly.
Egypt began finally to receive natural gas supplies from Israel.
The deal initially is worth $15 billion that’s part of Cairo’s initiative to become an energy re-export hub on Europe’s doorstep. Israeli gas stocks surged.
The French oil giant Total SA will explorethe world’s deepest offshore well in Angola, in waters more than 2 miles deep.In fact, the well in Block 48 will be 228 meters (748 feet) deeper than Total’s Raya-1 well in Uruguay.
The British government decided to back up the air company Flybe, which is Europe’s largest regional airline, from closure. The deal will allow Flybe to operate as normal to maintain flights and includes a review of the air passenger duty tax levy, according to government reports.
January 14, 2020
European markets managed to advance with shares in France leading the region.
The CAC-40 added 0.08% while London's FTSE-100 gained 0.06% and the German DAX inclined 0.04%.
Moreover, the pan-European STOXX 600 index slipped 0.2% by 0812 GMT in its third straight session of losses.
Furthermore, European chemicals stocks came among the weakest data today, dropping s about 0.8%.
The European Union initiated formal proceedings to resolve its nuclear dispute with Iran. The foreign ministers of France, Germany and the U.K. informed EU foreign policy chief Josep Borrell of their decision on Tuesday.
The GBP appreciated close to 0.2%, erasing losses of as much as 0.3% versus the USD. It fell 0.1% at $1.2983 as of 1:14 p.m. in London.
January 13, 2020
European markets are into a mixed path.
The British FTSE-100 inclined 0.12%, while the German DAX fell 0.38%, while the French CAC-40 dropped 0.23%.
The stock of Renault sunk to six-year bottom this morning as investors worried the French automaker’s 20-year cost-sharing alliance with Nissan could mark a break-up without Carlos Ghosn to hold it together.
In fact, Renault shares slipped 3.2%, which is the biggest loser on the French index.
Deliveries of Volkswagen’s (VOWG_p.DE) Skoda Auto partly declined slightly in 2019 to 1.24 million vehicles, from 1.25 million in 2018. This comes mainly from low sales in China. In reality, Skoda deliveries in the country tumbled by 17.3%.
The UK's economy rallied only just 0.1% in the last quarter ending in November, as reported by the Office for National Statistics.
Growth was partly hihger in September and October than previously thought, but declined 0.3% in November.
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January 10, 2020
European markets rallied with the Germany shares leading the region.
The German DAX added 0.26% while London's FTSE-100 gained 0.13% and the French CAC-40 inclined 0.09%.
The major Airline shares jumped after Ryanair Holdings Plc announced its predicts to reach higher-than-expected full-year profit following a spike in lucrative last-minute bookings over the Christmas and New Year holiday.
Europe’s biggest discount air carrier estimates earnings for the 12 months through March of between 950 million euros ($1.06 billion) and 1.05 billion euros, and most likely in the middle of that range, according to a statement on Friday.
Europe’s biggest utility company targets earning beyond government subsidies to fund its renewable-energy projects.
The Italian Enel SpA is one of the world’s largest builders of wind and solar farms, completing 47 projects that produce a total of 3 gigawatts of electricity last year.
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January 09, 2020
The leading European markets generally advanced today with shares in Germany leading the region. The German DAX gained 1.33% while London's FTSE-100 surged 0.43% and France's CAC-40 rallied 0.23%.
In fact, the DAX has seen a strong rebound since it sank to a 2016 bottom just over a year ago, helped by surging shares of giants such as MTU Aero Engines AG and retailer Adidas AG.
The British pound sunk to a two-week bottom as outgoing Bank of England Governor Mark Carney implied in that an interest-rate reduction could soon take place.
The sterling dropped versus all of its Group-of-10 peers.In reality, the benchmark gauge is just a few points away from surpassing its January 2018 peak.
Turkish stocks gained the most among all major equity markets worldwide amid issues over a possible escalation in tensions between Teheran and Washington.
The Borsa Istanbul-100 Index soared 4.7%, the most among 94 major global equity gauges tracked by Bloomberg.See also the Live Chart
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January 08, 2020
European markets soared today with shares in Germany leading the region.
The DAX added 0.71% while France's CAC-40 inclined 0.31% and London's FTSE-100 surged 0.01%.
BMW AG announced last year was a record for car sales and 2020 could be better. The German company sold 2.52 million cars in 2019.
U.K. companies paying less than the minimum wage will be penalized harder. In reality, four people earning around the legal pay floor is now 8.21 pounds ($10.80) an hour for over-25s.
Portugal and Ireland are the first European countries to offer debt to investors via banks in 2020.
A Ukrainian Boeing 737-800 airliner carrying around 175 people crashed shortly after takeoff from Tehran. Everyone on board is dead. It is not clear what caused in the crash of the aircraft.
The Swiss franc latest ascent coincides with gold prices jumping above $1,600 per ounce for the first time since 2013.See also the Live Chart
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January 01, 2020
It’s New Year’s Day and markets all across Europe are closed as revelers take a break and get ready for the upcoming 2020 investing year.
The New Year’s Eve trading session was a disappointing way to end what was a very good year for markets. The Stoxx Europe 600 was 0.1% lower in the thinly traded pre-holiday session, and the CAC 40 in France lost 0.1% as well. London’s FTSE did far worse on the last trading day of the year, falling 0.6%. Germany’s ADX was already closed on Tuesday, but posted a 0.7% loss on Monday.
Over the course of 2019 the pan-European Stoxx Europe 600 added 23.2%, and closed out the year right below its all-time closing highs. Meanwhile Germany’s DAX gained 25.5% on the year, also closing out the year very close to record levels. The CAC 40 in France was also quite near record levels, and outperformed the region as it rose 26.4% in 2019.
London’s FTSE 100 was far weaker than its European counterparts, with the Brexit and a strong Pound weighing on the export-heavy index. For 2019 the FTSE 100 was 12.1% higher, but also finished the yer near its all-time high.
Markets are expected to open modestly lower on Thursday, with trade remaining thin through the end of this holiday week. Full trading volumes should return on Monday January 6, 2020.
In the coming year European markets will most certainly continue to be impacted by the Brexit. We can also expect reactions to the U.S. Presidential race to begin influencing markets this summer.
December 31, 2019
European markets finished lower the year, during yesterday’s session with shares in Germany leading the region.
The DAX lost 0.66% while London's FTSE-100 fell 0.59% and France's CAC-40 dropped 0.07%.
Turkish Airlines has agreed a compensation deal with Boeing Co over the grounding of the Boeing 737 MAX following two airplane crashes. The 737 MAX has ceased operations since March after a Lion Air crash in Indonesia and an Ethiopian Airlines crash killed 346 people.
Turkish Airlines had taken delivery of 12 737 MAX planes before the grounding out of 75 it has ordered. It was supposed to have received 12 more since.
The U.K. national living wage soared 6.2% in what the government says is "the biggest cash increase ever".
The euro partly inclined as the USD sunk to a six-month bottom on Tuesday, with investors confident that global growth indications could improve and U.S.-China trade relations partly improved.
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December 17, 2019
European stocks slipped some ground as caution returned following a worldwide advance.
The German DAX dropped 0.74%, the French CAC-40 lost 0.28% and London's FTSE-100 fell 0.03%.
The pan-European Stoxx 600 lost 0.5%, with household goods declined 1.9% to lead losses as most sectors and major bourses entered negative territory.
The Bank of England reported its plans to tweak its capital requirements for British banks.
Moreover, the GBP has retreated some ground back to where it was before general elections.In reality, the sterling tumbled 1% versus the USD, to values below $1.32, and depreciated 1.2% versus the common currency to €1.18.
London has announced that hopes to rule out any extension to the Brexit transition period beyond the end of next year.
The FTSE-250 share, the measure of features firms with more exposure to the UK economy also slipped1.4%.
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December 16, 2019
European stocks surged but still there is some positive territory to move in.
This comes after the news that U.S. and China have come to a possible trade deal, while the U.K.’s ruling Conservative Party gain a Parliament majority.
This granted Johnson the mandate to drive through his Brexit deal and take the U.K. out of the EU before the January 31 deadline.
The British FTSE-100 advanced 2.22%, the French CAC-40 inclined 0.98% and Germany's DAX added 0.63%.
Moreover, the pan-European Stoxx 600 soared an additional 1% higher with travel and leisure stocks soaring 3.7% to lead gains.
The GBP appreciated 1.3% versus the USD to trade at around $1.3333. In reality, the pound pared earlier rises after the lower than estimated economic data.
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December 13, 2019
European stocks rallied today amid the reports that the U.S. and China have come up with a trade agreement.
In the meantime, U.Ks ruling Conservative Party won a Parliaments majority during the general elections.
The FTSE-100 gained 1.49%, the French CAC-40 added 0.76% and Germany's DAX jumped 0.57%.
U.K. Prime Minister Boris Johnson’s won a term to take the country through his Brexit deal and take the U.K. out of the EU before the January 31 deadline.
The pan-European Stoxx 600 added 1.5% with travel and leisure stocks soaring 3.8% to lead gains as all sectors and major bourses traded into higher ground.
Shares in U.K. utilities advanced this morning as the Labour Party and its leader Jeremy Corbyn’s resounding retreat in yesterday’s election effectively ended the possibility of a broad nationalization of the sector.
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December 12, 2019
European stocks partly rallied today after the U.S. Federal Reserve implied in that it did not plan to raise interest rates in 2020.
The British FTSE-100 gained 0.53%, the Germany DAX inclined 0.08% and the French CAC-40 soared 0.03%.
The pan-European Stoxx 600 surged 0.1% in early trade.U.K. is voting today for a general election could shape the future of the country.
In reality, the vote was called by the government led by Conservative Party leader and Prime Minister Boris Johnson because of a parliamentary impasse over the Brexit deal.
The European Central Bank (ECB) will report its latest monetary report on Thursday afternoon. Investors will be watching closely for hints on future policy decisions.
Nokia announced that the German carmaker Daimler and many car parts suppliers have planned to independent mediation to resolve their licensing dispute.
The Finnish company made the mediation offer last week as part of efforts to avoid an EU antitrust investigation following complaints by Daimler, Bury Technologies, and Valeo to the European Commission.
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December 11, 2019
European shares retreated some ground today amid the news approached for new U.S. tariffs on Chinese imports.
The German DAX added0.45%, the French CAC-40 inclined 0.05%, while the British FTSE-100 slipped 0.03%.
YouGov poll ahead of Thursday’s U.K. election indicated in that the race is becoming more competitive. The Prime Minister Boris Johnson’s Conservative Party now leads shortened in securing a Parliament majority seats.
The European Central Bank will have its first meeting and news conference with Christine Lagarde as president scheduled to take place tomorrow.
The euro fell around 0.8% against versus Swedish currency, thus marking at its biggest advance of the last six months.
Shares of British JD Sports lost around 8% in early trade after Pentland stated that it had reduced its stake in the British sporting goods giant while retaining its position as majority shareholder.
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December 10, 2019
European stocks managed to regain some of the last ground in today’s session after a report that the U.S. will delay implementing the additional tariffs on Chinese imports, scheduled for mid-December.
The pan-European Stoxx-600 pared early declines but was still down 0.4% by mid-afternoon.
The German DAX slipped 0.63% while London's FTSE-100 dropped 0.29% and the French CAC-40 fell 0.09%.
The GBP appreciated to a limited extend even in case the U.K. Prime Minister Boris Johnson wins a parliamentary majority in the general election and finds a way to pass the withdrawal bill by Jan. 31.
Russia and Ukraine decided “full and comprehensive implementation” of a cease-fire in the Donbass region of Ukraine before the end of 2019, after yesterday’s peace talks in Paris. In reality, the Russian President Vladimir Putin and Ukrainian President Volodymyr Zelensky for the first time ever.
The British economy sunk to its weakest levels of the last three months for more than a decade. The Office for National Statistics (ONS) indicated in that the economy flatlined month-on-month in October.
The figures come ahead of Thursday's general election, with the main parties all promising to add to the rising path.
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December 09, 2019
European stocks lost some ground today amid low Chinese export data, which is the result of the long trade dispute with Washington.
The French CAC-40 slipped around 0.32% while the British FTSE-100 lost 0.18% and Germany's DAX dropped 0.12%.
The pan-European Stoxx 600 fell 0.1% earlier today with oil and gas stocks losing 0.7% to lead the tumbling mode.
French Finance Minister Bruno Le Maire reported that the country is ready to handle the threats from U.S. President Donald Trump to impose tariffs on French goods to the World Trade Organization (WTO).
The European Union levied five-year tariffs on biodiesel from Indonesia to fight against alleged subsidies to producers in the country.
The EU duties on Indonesian exporters of this type of biofuel, which is made from vegetable oils and animal fats for use in diesel engines, range from 8% to 18%, according to the European Commission.
December 06, 2019
European markets are into a higher trend with London leading the region.
The FTSE-100 added 0.73% while France's CAC-40 gained 0.36% and Germany's DAX secured another 0.15%.
The U.K. is getting close to the elections day on December 12. Prime Minister Boris Johnson has the opportunity to finalize the Brexit and to end the crisis.
In the meantime, the job market has retreated some solid momentum in the last few months.
In case peace talks between Kiev and Moscow enter into a deadlock and the conditions of a cease-fire are not implemented, the former Soviet Republic could invest and build a wall along its borders with Russia, according to President Volodymyr Zelensky.
The leaders of Russia and Ukraine will meet in Paris on Monday, trying to to find a peaceful resolution to the long-running conflict in the Donbass region in eastern Ukraine.
During the meeting, also France’s President Emmanuel Macron and German Chancellor Angela Merkel will be present.
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December 05, 2019
European stock markets are into a fluctuating mode.
The French CAC-40 inclined 0.20%, while the FTSE-100 is leading the falling mode of DAX, lsoing 0.67% and 0.45% accordingly.
France is taken over of one of the massive strikes in the last years as public sector workers protest against changes to the pension system.
The public transport networks is affected and ceased a result. The French national rail company. In fact, SNCF, canceled 90% of its trains on Thursday.
Moreover, France’s education ministry predicts around 55% of its staff to take part of the national strike. Most market experts are forecasting a victory for Prime Minister Boris Johnson against doubts about opinion polls.
The GBP is also advancing and seems like is prefer the ruling Tories both for the prospect of moving on to the next stage of Brexit talks.
Debts excluding mortgages are soaring in UK, according to the Office for National Statistics. Debts including credit card debt and personal loans surged 11% to £119bn in the two years to March 2018.
Turkey’s banking regulator took measures on how banks classify credit to issued companies. The Banking Regulation and Supervision Agency, or BDDK, will now leave it to lenders to choose which company loans need to be reclassified as non-performing.
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December 04, 2019
European stocks partly rallied today, as most markets players are focused on the economic data and monitored the prospect of a longer, broader trade war.
The French CAC-40 added 1.17%, the German DAX gained 1.10% and London's FTSE-100 surged 0.25%.
The pan-European Stoxx 600 inclined around 0.3% during the morning hours.
Moreover, the leading European equities advanced, stimulated by higher optimism of a coming trade solution between Beijing and Washington.
The Stoxx Europe-600 Index also gained close to 1.1%, with miners, tech and banks pacing the advance. The French Orange sunk to very low levels, ts shares lost around 5%.
The telecoms operator reported that it plans to carve out its mobile towers in European countries where it is active.
December 03, 2019
The leading European stock markets are into a mixed pattern, without a clear market direction for the moment.
The DAX added 0.14%, the British FTSE-100 lost 1.59% and the French CAC -40 slipped 0.90%.
The European Union has launcedh an investigations into Google and Facebook’s data practices, assessing whether the two U.S. tech firms are complying with its rules in the region.
U.K. sneaker seller JD Sports Fashion Plc, the leading advancer the FTSE-100 Index in 2019, is not likely to rally any further in the next year.
In reality, the average 12 month price target for the retailer is 772.6 pence, according to a Bloomberg consensus of analyst estimates.
U.S. President Donald Trump’s proposed additional tariffs on $2.4 billion of French goods. As a result, most French luxury stocks tumbled 2% or more at midday today.
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December 02, 2019
European stock markets retreated after President Donald Trump could further levy tariffs on metal imports from Brazil and Argentina.
The CAC-40 slipped 0.84% while the German DAX dropped 0.72%.
The British FTSE-100 in London had declined 0.25% by 1:30 p.m. London time. The pan-European Stoxx-600 fell in the early afternoon, with most sectors and major bourses in sell mode.
Fiat Chrysler plans to invest 750 million euros in its Mirafiori plant in Turin, as part of a 5 billion euro plan to 2021 for the country.
The World Trade Organization has found the EU has failed to withdraw all subsidies to plane maker Airbus, (AIR.PA) according to close to sources familiar with the matter.
The WTO scaled back the amount of harm deemed to have been caused to U.S. rival Boeing by a rival Airbus plane, the A380 superjumbo, two of the people said.
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November 29, 2019
European markets traded lower today amid strained relations between the U.S. and China over the street protests in Hong Kong.
The FTSE-100 declined 0.94%, the French CAC-40 tumbled 0.13% and Germany's DAX dropped 0.07%.
The pan-European Stoxx 600 slipped around 0.4% in early deals, with basic resources shedding 0.9% to lead the falling path.
French President Emmanuel Macron once again criticized NATO, defending his claim the military alliance was suffering a “brain death.”
Next week will is coming NATO 2019 summit and Trump will meet with Queen Elizabeth II in London.
UK police shoot down a man after terrorist attack in London. An armed man with a knife with some suicide explosives vest was shot dead by an armed officer near the famous London Bridge.
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November 28, 2019
European markets retreated some territory as most traders and investors are focused on the trade deal status between the U.S. and China over the Hong Kong protests.
The German DAX slipped 0.37%, the French CAC-40 dropped 0.26% and the British FTSE-100 tumbled 0.15%.
In London just ahead of a crucial Dec. 12 election polls indicated in that the Prime Minister Boris Johnson on course to win a solid majority of 68 seats in Parliament.
The pan-European Stoxx 600 declined 0.2% during afternoon trade, with autos shedding 1% to lead the falling pattern.
Barclays (BARC.L) is about to cut the 396,000 pounds ($508,068) pension allowance it pays Chief Executive Jes Staley by around 50%.
Moreover, the GBP appreciated after a poll. In fact, the Sterling surged 0.1% to $1.2933 from a level of $1.2920 late on Wednesday in New York.
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November 27, 2019
European markets advanced today as traders and investors track positive mood music around U.S.-China trade negotiations.
The DAX inclined 0.55% while London's FTSE-100 gained 0.55% and the French CAC-40 rallied 0.24%.
The pan-European Stoxx-600 soared over 0.4% to hit a four-year high, basic resources leading the way with 1.4% gains while travel and leisure stocks slid 0.2% lower.
French consumer confidence data came above initial forecasts to mark106 in November, its highest since June 2017 and up from 104 in October.
French consumer confidence jumped this month to its head to its highest level in the last two years.
This implies in domestic resilience of the euro area’s second-largest economy of Europe.Additionally, the confidence reached its highest level since June 2017, when President Macron was elected.
Deutsche Bank (DBKGn.DE) has sold $50 billion in unwanted assets to Goldman Sachs (GS.N).
November 26, 2019
European markets were into a mixed trend today, despite optimism over progress in the U.S.-China trade dispute.
The British FTSE-100 gained 0.05%, while Germany's DAX slipped 0.14%. The French CAC-40 remains around the same values of 5,924.60.
The pan-European Stoxx 600 reduced into early losses with travel and leisure stocks declined around 1.8%.
The GBP tumbled after polls indicated in that the ruling Conservative party’s lead narrowing into a December election, with close results, creating in a very unsecure conditions.
Trade negotiators from Washington and Beijing had another phone call this morning, where the two sides discussed “resolving core issues,” according to the Chinese Ministry of Commerce.
Volkswagen’s higher car unit Audi (NSUG.DE) has decided to give employment guarantees until 2029 in its home-market Germany.
This morning, the company spokesman had announced that negotiations with labor representatives on reducing costs were making progress.
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November 25, 2019
The European major markets managed to add some ground this morning, with most market players expecting a good progress in the U.S.-China trade negotiations.
The British FTSE-100 gained 0.64%, the French CAC-40 soared 0.47% and Germany's DAX advanced 0.41%.
The pan-European Stoxx-600 surged 0.7% this morning with basic resources soaring 1.4% to lead the rising path in all sectors.
LVMH's owner Bernard Arnault is buying US jeweller retailer Tiffany & Co for more than $16bn (£12.5bn). Mr. Arnault stated that Tiffany had an "unparalleled heritage" and fitted with its other brands, Louis Vuitton and Bulgari.
The two leading British political parties have started their manifestos hoping to secure a victory ahead of a crucial Dec. 12 election.
The Munich-based Ifo Institute is predicted to incline 0.2% GDP (gross domestic product) growth in Germany in the fourth quarter.
November 22, 2019
European stocks gained some territory today despite mixed signals over the developments of the Washington-Beijing trade discussions.
The FTSE-100 added 1.37%, the French CAC-40 inclined 0.34% and the Germany DAX gained 0.32%.
The pan-European Stoxx-600 pared early advances to trade 0.5% higher by mid-afternoon.
Luxembourg steel leader Arcelormittal added 4.4% while shares of satellite maker SES added 5.1%.
Deutsche Bank CEO Christian Sewing has backed European Central Bank (ECB) President Christine Lagarde’s call for fiscal stimulus from euro zone governments.
UBS is estimating a low returns and higher volatility for most financial assets. The Swiss bank set out a vision for 2030 which included working-age populations in developed countries falling by 25 million.
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November 21, 2019
European stocks declined some ground today as relations between China and the U.S. are under pressure over Hong Kong.
The British FTSE-100 slipped 0.65% while the French CAC-40 lost 0.15% and the German DAX slipped 0.06%.
The pan-European Stoxx 600 pared early tumbles to trade 0.45% lower in the afternoon.
Royal Mail stock fell 14.6% in early deals after its first-half earnings numbers.
Fiat Chrysler CEO John Elkann this morning reported that he was confident the group would come to a successful end with Peugeot owner PSA by the end of the year and dismissed worries over lawsuit started by rival General Motors.
U.K. borrowing in October jumped to its peak of the last five years, according to official data. The Office for National Statistics (ONS) announced that borrowing last month hit £11.2bn, £2.3bn more than last year.
November 18, 2019
European stocks managed to regain some ground today amid the current focus on developments in U.S.-China trade talks.
Still however, the major indexes registered some minor losses. The French CAC-40 slipped 0.27% while Germany's DAX declined 0.10% and London's FTSE-100 lost around 0.05%.
The pan-European Stoxx 600 added 0.2%, with banks soaring 0.7% to lead the higher path while construction and material stocks slipped 0.3%.
In London the leaders are about to pitch their election manifestos to business leaders. Prime Minister Boris Johnson will again try to end the saga with the Brexit that has blighted the country’s business climate since the crisis with the Brexit has started.
Moreover, Morgan Stanley predictions that global growth will regain ground from the first quarter of 2020, entered into a reversal trend of the past seven quarters.
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November 15, 2019
European stocks markets are into a fluctuating pattern this morning despite optimistic sounds out of the White House on a prospective trade agreement between Washington and Beijing.
The French CAC-40 gained 0.29% while the DAX added 0.16%. The FTSE-100 slipped 0.34%.
In addition, the pan-European Stoxx 600 edged around 0.1% above the flatline by mid-afternoon.
Moreover, EU executive launched a legal case against versus London yesterday for failing to appoint new official at the European Commission, while data Thursday revealed that British consumer spending dropped down in October.
Euro zone inflation retreated 0.7% on the year in October from 0.8% in September, according Euro stat data published today.
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November 14, 2019
The leading European stock markets are into a fluctuating pattern and are without a clear market direction.
The CAC-40 surged 0.04%, while the FTSE-100 and DAX dropped 0.52% and 0.28% respectively.
Russian stocks are are into a higher side as this is the general market sentiment on global basis.
The dollar-denominated RTS Index added 35%, busting through its pre-2014 sanctions level amid concerns about potential new political penalties faded.
The automaker giant Mercedes-Benz is reducing its labor force with the aim of making more than €1bn (£840m) in savings by the end of 2022.
The job lost will result in 1,000 came as the carmaker faces challenges from new, tougher emissions targets.
The German economy is advancing. In fact, investors put in 49.4 billion euros ($54.4 billion) into German commercial real estate in the 10 months through October, coming above the 35.1 billion euros of deals in the U.K.
November 13, 2019
European stocks lost some ground today amid higher worries over U.S.-China trade negotiations and escalating unrest in Hong Kong.
The DAX lost 0.72% while London's FTSE-100 dropped 0.53% and France's CAC-40 tumbled 0.42%.
The pan-European Stoxx-600 slipped 0.7% during morning trade, with bank stocks falling around 2%.
ECB data indicated that banks in Italy and some other euro zone economies are capitalizing on the central bank’s bonus rate to seize tens of billions of euros from rivals in Germany and the Netherlands, according to Reuters.
Bank stocks across Europe dropped in early in the trading session, with Commerzbank falling 4.8, Bankia falling 4.3% and Deutsche Bank sliding 3.2%.
Elon Musk stated that Tesla is about to open a new plant close to Berlin, the German capital.
The plant will produce batteries, powertrains and vehicles, starting with the company’s newest model, a compact sport utility vehicle, named Model Y.
November 12, 2019
European stocks partly surged after expectations that indicate in that the U.S. President Donald Trump is likley to delay a decision on whether to impose tariffs on EU autos.
The coming British general election took could be postponed after Brexit Party leader Nigel Farage decided his group to stand aside in 317 seats held by Prime Minister Boris Johnson’s ruling Conservative party.
The GBP advanced amid the news as investors anticipate that the move could guarantee an election victory for the prime minister.
Deutsche Post results came above forecasts to post an almost three times incline in third-quarter operating profit before the bell, with earnings jumping to 942 million euros from 376 million a year ago.
The company’s shares jumped around 4.4%.
The British economy has avoided falling into a technical recession, after official data demonstrated that the third-quarter gross domestic product (GDP) at 0.3%. The data marks a rebound from the second-quarter gross domestic product (GDP) lost around 0.2%.
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November 11, 2019
European stock markets lost some ground this morning amid a dampening of optimism over U.S.-China trade deal.
The pan-European Stoxx-600 slipped 0.2% in morning trade, with most resources falling 1.9%.
U.K. manufacturing output dropped around 0.4% in September versus to August, a 1.6% a loss from September 2018.Italian industry output retreated 0.4% in September, reversing a gain of the same scale in August.
Swedish electric scooter sharing start-up Voi Technology managed to secure $85 million from investors. This was led by Stockholm-based investment group Vostok New Ventures, Voi said Monday.
Adidas considers to shut down its high-tech “robot” factories in Germany and the United States. These started to bring production closer to customers.
These factories were part of a drive to meet demand for faster delivery of new styles to its major markets and to counter rising wages in Asia.
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November 8, 2019
European markets partly tumbled this morning, as investors are focused on the mixed signals about the ongoing Sino-U.S. trade war.
The French CAC-40 slipped 0.31%, London's FTSE-100 dropped 0.28%. The Germany DAX lost 0.26%.
The pan-European Stoxx 600 fell around 0.3% during early morning deals.Europe’s basic resources led to falling mode shortly after the opening bell, down more than 1.2%.
The Bank of England (BOE) preserved interest rates steady on Thursday. With 35 days to go before Britons head to the ballot box, the BOE’s nine-member Monetary Policy Committee (MPC), led by Mark Carney, voted to hold interest rates at 0.75%.
Trial trial has started at Volkswagen AG’s (VW) (VOWG_p.DE) and SAIC Motor Corp Ltd’s (600104.SS) $2.5 billion electric vehicle (EV) factory in Shanghai, reported by the VW’s CEO.
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November 7, 2019
European shares advanced today after reaching a four-year high early in the session after China said the world’s two largest economies had agreed to cancel further tariffs.
The pan-European Stoxx 600 added 0.25% by late morning.The German DAX gained 0.73% and the Frenc CAC-40 soared 0.18%.
London's FTSE-100 inclined 0.16%The EU slashed its growth expectations for the euro zone Thursday.
The warning from the EU’s executive arm, the European Commission, comes at time when the European Central Bank (ECB) has started a new round of stimulus to prop up fragile growth.
U.K. house prices registed their lower growth figure this year in October. In reality, House prices advanced 0.9% from a year earlier, bringing the average to 232,249 pounds ($299,000).
Lufthansa flight personnel started a 48-hour strike over pay and pensions on Thursday.
As a result, the airliner had to cancel hundreds of flights. Yesterday, the company reported that is likely to cancel a total of 1,300 flights today and tomorrow.
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October 30, 2019
European stocks are into a mixed pattern as most investors and traders are focused on the Fed’s interest rates decision.
The German DAX slipped 0.52%, the British London's FTSE-100 dropped 0.17% and France's CAC-40 lost around 0.10%.
London announced that will have new elections on December 12 after Prime Minister Boris Johnson gained approval from Parliament Tuesday night.
Deutsche Bank reported a loss of 832 million euros ($924 million) for the third quarter, coming below forecasts as a major restructuring plan puts a negative pressure on the lending institution.
Credit Suisse stated higher-than-expected third-quarter net income of 881 million Swiss francs ($886.9 million), a gain of 108% from the same period last year.
Fiat Chrysler and Peugeot owner PSA are negotiating a common deal that could create a $50 billion automaker, a source familiar with the matter said on Tuesday.
Fiat Chrysler shares advanced largely after news of the talks and ended up more than 7.5% in U.S. trading.
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October 29, 2019
European stocks retreated this afternoon as traders are focused on the earnings and progress in U.S.-China trade discussions.
The French CAC-40 rallied 0.04%, while the FTSE-100 and the German DAX slipped 0.70% accordingly.
The pan-European Stoxx 600 fell 0.4% by mid-afternoon, with telecoms falling 1.6% to lead the declining pattern.
BP has announced a loss of 41% in third-quarter net profit on the back of weaker oil prices and weather impacts. BP shares fell 2.8% in afternoon trade.
The British pound is not expected to find that the promise of a December U.K. election provides an escape from the Brexit maze.
The tumbles of the GBP came after the Labour Party backed government plans for an early poll, before lawmakers vote on the decision later Tuesday.
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October 16, 2019
European stocks fell this afternoon as most traders and investors are focused on the possibility an imminent Brexit deal between the U.K. and the EU.
The pan-European Stoxx 600 slightly pared early drops to trade 0.07% below the pattern line.
The DAX surged 0.30%, while the FTSE-100 lost 0.48% and CAC-40 slipped 0.05%.
Brexit negotiations entered into a one way street today in the last day of negotiations before a crucial EU summit.
Airbus (AIR.PA) has sold 10 A321neo aircraft to Chilean budget carrier Sky Airline, according to 2 sources.
The GBP are preserving the Brexit optimism as talks toward a divorce deal remain stuck.Sterling advanced to a five-month peak today after jumping the most since 2008.
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October 15, 2019
European stocks rallied this morning after European Union negotiator Michel Barnier stated that a Brexit deal is still likely later in the week.
The CAC-40 soared 0.44% while the DAX adds 0.42%. The FTSE-100 slipped 0.11%.
Spain’s Supreme Court on Monday jailed nine Catalan leaders calling for independence of the region in 2017, which resulted in numerous protests in Barcelona.
Traders have been on edge as the Brexit deadline of Oct. 31 approaches.
The GBP appreciated largely versus the USD after the latest comments on Brexit from European negotiator Michel Barnier sounded an optimistic tone.
Turkey’s lira advanced this morning trading on the back of a statement by Trump promising a 50% tariff on Turkish steel imports. In fact, the USD dropped 1% against the lira for the session.
Volkswagen (VOWG_p.DE) has postponed the final decision whether to build a car plant in Turkey, according to a company spokesman. This comes after the wake of the Turkish military operation in Syria.
German Chancellor Angela Merkel stated yesterday that she told Turkish president Tayyip Erdogan that the offensive must be stopped.
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October 14, 2019
European stocks markets slipped today as traders track developments in a crucial time for Brexit.
The pan-European Stoxx 600 fell around 0.5% with basic resources stocks shedding over 2% to lead the falling path.
The FTSE-100 dropped 0.47%, the French CAC-40 tumbled 0.36% and Germany's DAX is lost 0.19%.
The Queen’s Speech is in the main focus at the opening of Parliament. Market analysts are looking for some directions of how the U.K. government’s plans under Prime Minister Boris Johnson.
In fact, this week is the last during which a wise deal can be struck ahead of a two-day EU summit starting on Thursday October 17.
The GBP depreciated by around 0.7% versus the USD this morning as London and Brussels are starting a critical week of negotiations in regards to the Brexit.
October 11, 2019
European stocks jumped this morning as positive indications coming from trade negotiations between the U.S. and China.Moreover, there is a meeting between British and Irish leaders over Brexit.
The German DAX inclined 2.04% the French CAC-40 soared 1.13% and London's FTSE-100 added 0.65%.
Britain’s Royal Mint has produced a solid gold payment card fork out £18,750 ($23,460) to buy one.U.K.
Brexit Secretary Stephen Barclay and the EU’s Chief Negotiator for the United Kingdom Exiting the European Union, Michel Barnier, came together in Brussels this morning.
The British pound soared more than 1.3% to $1.26 following the comments.
Turkey hopes to raise the income tax rate for top-bracket earners to 45% from the current level of 35%, according some serious sources. Also, individuals who make 1 million liras ($171,000) or more per year would be subject to a 45% income tax.
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October 10, 2019
European stocks markets declined this afternoon amid a choppy session.
The French CAC-40 added 0.17%, while the FTSE-100 added 0.10% and the German DAX slipped 0.14%.
The focus is on the meeting between the U.S. and China set to commence against a backdrop of geopolitical tensions.The pan-European Stoxx 600 lost 0.3%.
The expected meeting between U.K. and European Union Brexit negotiators has been delayed until Friday, according to Reuters.Renault’s (RENA.PA) CEO Thierry Bollore, evoking reports of his potential departure.
The future of the top management of the car company is still not very clear.U.K. stocks are into a steady path as data showed the British economy.
In the meantime, the British GDP tumbled around 0.1% in August after upward revisions to July, as reported by the National Statistics Office.
9th of October, 2019
European stocks entered into recovery today and gained after it was announced that China is willing to discuss a partial trade deal with the U.S.
The DAX surged 0.94%, the French CAC-40 added 0.59% and London's FTSE-100 soared 0.39%.
The pan-European Stoxx 600 advanced 0.36% by mid-afternoon, with trade-sensitive Autos and Technology stock baskets leading the rising path.
According to Bloomberg, Beijing is willing to discuss a potential accord providing no more tariffs are imposed by President Donald Trump’s administration, including those financial burderns expected to take place in December.
The Turkish lira depreciated after the government Turkey launched its military offensive into northeastern Syria.
The Turkish currency reversed earlier gains to trade 0.5% sunk at 5.8565 per USD as of 5:20 p.m in Istanbul. Earlier, state banks injected USD of around the 5.84 per-dollar mark.
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8th of October, 2019
European markets declined today amid expectations of higher data coming from the high-leve meetings between Washington and Beijing.
The pan-European Stoxx 600 had lost almost 1% by the mid-afternoon with banks, autos, financial services, travel and retail stocks falling more than 1.5%.
The German Qiagen tumbled 19.9% by the afternoon, slightly coming off its lowest point in three years after third-quarter sales coming below forecasts.
Airbus (AIR.PA) shares advanced today as most market analysts predict a 13.5% rise in nine-month deliveries.
Additionally, Airbus (AIR.PA) is on track to outpace Boeing in annual deliveries for the first time since 2011, after Boeing was forced to ground its fastest-selling plane, the 737 MAX, in March.
The GBP sunk to a one-month bottom after U.K. Prime Minister Boris Johnson told German Chancellor Angela Merkel a Brexit deal is impossible under terms the European Union demands.
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