Forex News 24
  • RSS

news

EU equities head north

EU equities head north
админ
27/03/2018
EU equities 300x200 - EU equities head north

On Tuesday, European equities rallied on early indications of a relief in trade rhetoric between the United States and China. Meanwhile, French supermarket Casino was underpinned by a grocery delivery deal with Amazon.

The STOXX 600 index inched up 1.3% with all sectors edging up, finding itself on track for its best day for seven weeks. Meanwhile, in Germany the DAX became a leader with its 1.6% surge.

European markets grasped their cue from a firm rebound on Wall Street as well as Asian equities after reports China and the United States were discussing solutions to avert a trade conflict.

It marked an abrupt bounce back from yesterday in a sign that volatility was getting back to equity markets.

Cars, tech, chemicals as well as basic resource sectors led revenues having suffered the most from worries of enhanced protectionism.

Casino equities rallied 4% right after its grocery chain Monoprix reported it would get down to selling its products to Parisian clients via Amazon’s Prime Now service in 2018.

Notwithstanding Casino’s equity price revenues, the retail sector index definitely lagged the market. Evidently, Amazon’s expansion into the European Union has struck worries into those who invested money in some supermarket equities considered to be less adapted to a fresh retail environment.

A 6.5% dive in H&M equities also suppressed retail equities. The Swedish fashion company pointed out to extra markdowns in the second quarter. As the company informed, its revenues for Q1 went down an anticipated.

The losses brought H&M equities to their lowest value for 13 years.

Akzo Nobel equities managed to edge up 3.8% right after the paint maker had its specialty chemicals business sold to American private equity company Carlyle Group as well as Singapore’s GIC for 10.1 billion euros and told the core of the proceeds would be given to shareholders.

Source

Related ItemsamericanAsian equitiesChinaDAXdeliveryequitiesEuropean equitiesGermanylossesmarketmarketspriceretailsellingSingaporeSTOXX 600tradeUnited StatesvolatilityWall Street

Leave a Reply

Cancel reply

Your email address will not be published. Required fields are marked *

Anti-spam: complete the taskWordPress CAPTCHA


news
27/03/2018
админ
Related ItemsamericanAsian equitiesChinaDAXdeliveryequitiesEuropean equitiesGermanylossesmarketmarketspriceretailsellingSingaporeSTOXX 600tradeUnited StatesvolatilityWall Street

More in news

273116ff712463a8fe797bc26d4bddd2 400x240 - Major policy change for the FED

Major policy change for the FED

админ30/08/2020
Read More
5ecd652efa96beb5e9daab8a81713e20 400x240 - Powell expected to preview Fed’s policy framework

Powell expected to preview Fed’s policy framework

админ27/08/2020
Read More
1cfd53e4dc84605be8f34b32e1fc08ff 400x208 - European markets look defensive

European markets look defensive

админ26/08/2020
Read More
Scroll for more
Tap

Last news

  • 273116ff712463a8fe797bc26d4bddd2 95x60 - Major policy change for the FED
    Major policy change for the FED
    news30/08/2020
  • 5ecd652efa96beb5e9daab8a81713e20 95x60 - Powell expected to preview Fed’s policy framework
    Powell expected to preview Fed’s policy framework
    news27/08/2020
  • 1cfd53e4dc84605be8f34b32e1fc08ff 95x60 - European markets look defensive
    European markets look defensive
    news26/08/2020
  • cbda506728f805be55e3597fd478b623 95x60 - Another record-setting session for U.S. stocks futures
    Another record-setting session for U.S. stocks futures
    news25/08/2020
  • 3c51d052540d35f9b8497fc0b1942d58 95x60 - $50M worth of cryptos or more left China
    $50M worth of cryptos or more left China
    news23/08/2020

Tags

american Asia Bitcoin China cryptocurrency currency Dollar dollar index economic Economists EUR euro Fed Federal Reserve forex futures GBP GDP Germany Index inflation interest rate interest rates Japan losses lost market markets monetary policy Oil price prices rate rates retail rise risk sales trade trade war trading Trump UK United States US

Copyright © 2019 Forex News 24, all rights reserved.

Brakes Applied – Freefall Arrested
Wall Street set to open higher as trade war tensions ease