Monday, 20 June 2016
Review of European financial markets for 17/06/2016
Following the trading session on Friday the major indexes in Europe showed the following results:
FTSE 100 - 6021.09, 70.61, 1.19%, DAX - 9631.36, 80.89, 0.85%, CAC 40 - 4193.83, 40.82, 0.98%.
Key stock indexes in Europe have shown plus at the end of trading session on Friday, thereby reducing the third consecutive weekly decline. Fears that the UK would go out of the EU, and the growth of the energy sector shares (after oil) were the main drivers of the day.
Stoxx Europe 600 (composite index of the largest companies in the region) has increased by 1.4%, after the election campaign for the exit of the Britain from the EU has been suspended due to the MP Joe Cox murder (Labour Party of Great Britain).
Overview of the stock. Europe
Leaders:
Volkswagen AG and BMW AG (DE: BMWG) have increased by about 2% and 1%, respectively, after the rise of the stock market as a whole.
Outsiders:
Ericsson AB (a Swedish company) - capitalization has shrunk by 1.5% after it was said in Ericsson that the company have received a request from the US authorities concerning its activities. Previously, it was known that the authorities hold an investigation on suspicion of corruption.
Randgold Resources Ltd. (The company is engaged in gold mining) - shares were down 4.6%. After strong growth in the beginning of the week quotations of gold, which was an asset of refuge for a few days, started a regular correction (fixation of profits).
Labels:
forex,
investing,
speculation,
stock indexes,
stock market,
trade,
trading,
trend
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