Stock Market News (US Open) – European equities pushed higher by financials; Wall Street rises in anticipation of tax plan

Posted on September 27, 2017 at 2:10 pm GMT

Renewed hopes of fiscal stimulus in the US in the form of tax cuts boosted sentiment in Europe today, allowing banking stocks to rally. European equities were broadly in the green as the pan-European Stoxx 600 hit a fresh 10-week high of 385.82. The index was 0.5% up on the day during late European trading hours, trading near the day’s high. The FTSE 100, DAX and CAC 40 were up by 0.5%, 0.6% and 0.3% respectively. Adding to morning gains, [..]


Stock Market News (European Open) – European stocks broadly in the green; Japanese indices decline on ex-dividend adjustments

Posted on September 27, 2017 at 9:46 am GMT

In Asia, the Nikkei 225 and Japan’s broader equity gauge, the Topix, finished the day lower by 0.3% and 0.5% respectively. Hong Kong’s Hang Seng added 0.5% and the Shanghai Composite gained 0.1%. Australia’s S&P/ASX 200 lost 0.1%. The yen has been weakening relative to the US currency with the dollar benefitting from comments made yesterday by Fed Chair Janet Yellen. Among other comments, the Fed chief said that it “would be imprudent to keep monetary policy on hold until [..]


Stock Market News (US Open) – Stoxx 600 remains in the green; Wall Street benchmarks yet again hurt by Apple

Posted on September 25, 2017 at 2:11 pm GMT

As trading progressed, the pan-European Stoxx 600 gave up on part of the gains made during morning European trading, though it remained in the green and not far below the two-month high it recorded earlier in the day. It was last up by a bit less than 0.2%. Spain’s IBEX 35 remained the worst performing major benchmark in the continent, being last down by 0.6%. Caixabank, which was down by 3.0% and topped the list of decliners within the Stoxx [..]


Investment Theme – German, Italian exports most exposed to strengthening euro, Netherlands cushioned

Posted on August 17, 2017 at 9:34 am GMT

In times of a strengthening euro, the region’s exporters could be hurt as sales generated outside of the eurozone may translate poorly back into earnings reports denoted in euros. The biggest export countries with the least exposure to the single currency zone could be dented the most. Germany and Italy are some of the world’s largest exporters, yet they have the smallest amount of exports delivered within the eurozone. By contrast, the Netherlands outperforms them with more than 50% of revenues generated [..]


Stock Market News – FTSE 100 gains following pound plunge, US markets open broadly flat as Tesla powers ahead

Posted on August 3, 2017 at 2:09 pm GMT

Both the pan-European STOXX 600 and the blue chip STOXX 50 index rose 0.20% ahead of the US open with the healthcare and consumer non-cyclical sectors leading the gainers. However, a plunge in the energy sector eased the gains elsewhere. In the US, the three major indices opened broadly flat. The FTSE 100 index outperformed other major indices in Europe as it rose 0.90% ahead of the US open, amid the weakness in sterling. The pound hit a nine-month low against the [..]

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