European stocks head south

August 29, 2016

On Monday, European shares traded mostly lower, as financial markets were still digesting Friday’s remarks by Fed Chair Janet Yellen. During European morning trade, the EURO STOXX 50 sank 0.38%, French CAC 40 descended 0.32%, while German DAX 30 lost 0.63%.

Financial stocks traded mostly higher, as French lenders BNP Paribas as well as Societe Generale grew 0.23% and 0.55% respectively. At the same time German Commerzbank along withDeutsche Bank soared 0.22% and 1.33% respectively.

On Friday, at the Jackson Hole symposium, Janet Yellen informed that the case for American interest rate lifts seems to be more justified due to evident improvements in the labor market as well as expectations for solid economic growth.

On the other hand, she didn’t indicate when the US number one financial institution would act in this direction, telling that higher interest rates will depend exactly on incoming economic data.

Publication source
FBS information  FBS reviews

December 5, 2016
Gold prices struggled for a direction
MACD was in the negative territory. If MACD remains in the negative territory, sellers’ positions will strengthen. RSI was in a neutral area...
December 5, 2016
Mixed Jobs Report Keeps High Fed Expectations Intact
As we noted the day before Friday’s US jobs report, only a significantly worse-than-expected reading for November would have likely made the Federal Reserve’s next interest rate decision more difficult...
December 5, 2016
Euro down but not out as Italy votes no!
Politics are setting the tone for Monday trading with all eyes on Europe. While Austria presidential polls delivered a defeat to the far-right candidate Norbert Hofer...

Fort Financial Services Rating
FxPro Rating
Grand Capital Rating
FOREX.com Rating
Orbex Rating
XTB Rating

Binary Brokerz Rating
Porter Finance Rating
Anyoption Rating
OptionBit Rating
Banc De Binary Rating
Grand Option Rating