Money Market News And Facts
Profit taking was the reason behind the falls after the strong session on Monday. The high-flying miners and engineers which supply machinery and services to them, were the worst hit by profit taking. Drugs stocks offered the market some support.The FTSE 100 in London fell 0.3%, while Xetra Dax in Frankfurt fell 0.3%, while in Paris, the CAC 40 shed 0.1%. (more…)
The fall came despite encouraging overnight gains on U.S. markets and strong trading in Asia, especially Japan closing above 16,000 for the first time since May and boosting domestic and export stocks. On a relatively quiet day for European corporate earnings, US consumer price inflation data due to be released later in the session could provide further clues as to whether US interest rates have peaked. (more…)
Techs continued their strong run to three days as investors regained their desire for riskier, higher growth assets.That together with mining stocks and the tame consumer prices helped Europe to a good start. By mid-morning, London’s FTSE 100 added 0.2% , while Xetra Dax in Frankfurt was 0.2% higher and, in Paris, the CAC 40 was 0.2% higher at 5,136.57, (more…)
European markets ended in the positive after a lackluster trading session with no major data reports and little corporate news. Still, sharply lower oil prices provided support for the market. Among advancing stocks, truck maker Volvo rose 5%, automaker Renault gained 2.8%, while Van der Moolen added 2.1%. The German DAX 30 gained 0.4%, the French CAC 40 edged up 0.2%, and London FTSE 1200 inched up 0.1%. (more…)