European stocks start moderately higher

August 9, 2016

On Tuesday, European shares started moderately higher as Friday’s positive American jobs data kept backing market sentiment, though lower crude prices were expected to pair revenues.   

During European morning session, the EURO STOXX 50 gained 0.12%, French CAC 40 earned 0.11% and German DAX 30 soared 0.12%.

Optimism over the strength of the American economy was spurred after on Friday, the Labor Department announced that last month the American economy generated extra 255,000 jobs, above expectations for 180,000.

However, on Tuesday, crude prices moved back lower as global oversupply worries overshadowed rumors of a potential agreement among crude producers to freeze output.

Energy stocks weakened moderately as French gas and oil major Total SA sagged 0.10%, while Italian  ENI descended 0.15% and Norwegian competitor Statoil slumped 0.22%.

In the financial sector, shares were mostly higher because French lenders BNP Paribas as well as Societe Generale headed north 0.32% and 0.72% respectively, while German Deutsche Bank gained 0.28%.

Publication source
FBS information  FBS reviews

October 26, 2016
Revealed a larger than expected consumer confidence drop to 98.6
Asian stock markets are mostly down, with Japan a notable outperforming (closing up and indices holding on to modest gains as the Yen continued to decline against the Dollar...
October 26, 2016
AUD gains on better than expected CPI numbers
The Australian Bureau of Statistics released the consumer price index data for the third quarter. Official records showed that CPI advanced 1.3% on the year in the third quarter of 2016...
October 25, 2016
US flash Markit PMI jumped 1.7 points to 53.2 in October
Asian stock markets are mostly down, as the positive confidence indicators out of Europe and the U.S. yesterday were overshadowed by weak GDP numbers from South Korea, which weighed on most markets. Topix and Nikkei outperformed, with a weaker Yen underpinning exporters...

FBS Rating
HotForex Rating
FXCM Rating
XM Rating
HYCM Rating
Grand Capital Rating

OptionRally Rating
EZTrader Rating
Porter Finance Rating
Banc De Binary Rating
Grand Option Rating
Beeoptions Rating