European stocks edge down with ECB meeting in focus

19 October, 2016

On Wednesday, European stocks traded lower, as market participants became more cautious ahead of the ECB’s upcoming policy gathering on Thursday.

During European morning trade, the EURO STOXX 50 descended 0.15%, French CAC 40 dropped 0.17%, while German DAX 30 lost 0.29%.

Financial stocks were mixed, because in France, BNP Paribas soared 0.65%, Societe Generale fell 0.66%. Meanwhile, in Germany Commerzbank and Deutsche Bank leapt 0.10% and 0.43% respectively.

As for peripheral lenders, in Italy, Intesa Sanpaolo rose 0.57%, Unicredit dived 0.72%. In Spain, banks BBVA along with Banco Santander surged 0.29% and 0.32% respectively.

Elsewhere, Carrefour SA leapt 1.32% after the French retailer told that decent sales in Latin America helped to offset dropping sales in its core French market as well as ongoing difficulties in China.

On the downside, SAP AG went down 0.80% having announced plans to make its SuccessFactors employee-management service available exactly as an option on Microsoft’s Azure cloud for the next five years.

In London, FTSE 100 lost 0.14%.


Source link  
Gold goes down on trade agreement

On the Comex exchange, June delivery gold futures headed south by about 0.7% concluding the trading session at $1,275.15 an ounce...

Dollar rallies on Powell's remarks

On Wednesday, the evergreen buck ascended in Asia after Fed Chair Jerome Powell came up with a positive assessment of the American economy...

The yellow metal stands still

The postponed US-China summit as well as weaker estimates for the EU are playing into a decelerating global surge narrative, which could...


Dollar surges versus counterparts

The evergreen buck was held back from dismal American services data, notwithstanding experts reaffirming the services sector was still firm...

Gold surges a bit

On Tuesday, gold managed to gain a bit due to the fact that the first dive in factory gate inflation for four months backed the argument that the major US bank...

Gold stands still waiting for comments

On Thursday, gold was intact due to the fact that market participants waited for comments from Fed Chair Jerome Powell in the face of hopes that the head...


Gold reaches 6-month maximum

The yellow metal's objective for $1,300 is still intact, although gold bugs don't seem to hurry to get there, expecting equity markets to dive for the next big move up...

Dollar dips to four-month minimum

The evergreen buck slumped 0.4% being worth 108.81 yen, having dropped to 108.33 yen on Tuesday, which is its lowest outcome since mid-April...

Japanese GDP

Japan will release the first estimate of its GDP in the second quarter at 02:50 MT time on August 14. The recent economic news from Japan was rather positive. In the first three months of 2017...

  


Share it on:   or