Disapointing PMI data suggests European economy struggling to grow in 1st Qtr
Drinks can maker, Rexam, at three year highs (increased profits of 15%)
Telecoms is worst performing sector
Yesterday, European markets once again slid back as this week’s earlier optimism has been tempered by disappointing PMI data out of the Eurozone core.
These PMI figures seemed to [...]
CFD trading markets have traded with a much softer tone today as concerns about deteriorating relations between Greek and EU politicians fuel a suspicion that a Greece default is imminent.
Despite closing well off their intraday lows, concerns still remain that the continuing delays in wrapping up this running sore with talk of looking at [...]
European equity markets have traded in a holding pattern with all eyes fixed on Athens with a slightly negative bias into the close as the uncertainty surrounding a possible Greek deal keeps investors on the side-lines.
With meetings between Greek political leaders, currently taking place as we head into the close, the potential for a [...]
Equity markets continue to trade cautiously mixed, despite speculation that a Greek loan deal is close.
This is likely to be a case of ‘once bitten, thrice shy’ with respect to talk of imminent deals out of Greece, hence the markets reticence to get ahead of itself given that we have been disappointed so many [...]
European Markets
European markets were mixed as sentiment see-sawed on poor earnings and a surging mining sector.
The basic resource sector led from the front as Xstrata Plc. confirmed media speculation regarding a merger approach from Glencore International Plc.
Unilever languished at the bottom following a profit warning and worse than expected profits in Q4.
Drug maker AstraZeneca [...]
European markets have enjoyed good gains today, hitting their highest levels since early August last year, after yesterday’s surprise decision by the Fed to pre-commit to a lower rate policy until late 2014, well beyond market expectations.
Talk that Greece’s creditors were ready to accept a lower coupon rate of less than 4% also leant [...]
European markets opened marginally higher with sentiment boosted by the outstanding quarterly results from Apple.
Sentiment subsided as the financial sector declined following suggestions from European Finance ministers that Private Sector involvement with regards to Greek debt would have to be ramped up.
UK Q4 GDP surprised to the downside falling 0.2% from the third [...]
European online CFDs markets have had a markedly weaker tone today weighed down by the delays to the Greece private sector debt talks, as well as further downgrades by S&P of French banks late last night.
Unsurprisingly financials have led the declines amidst uncertainty about future regulatory requirements as well as economic headwinds, after the IMF [...]
Although most European CFD trading markets were set to close higher last week, January’s optimism was relatively limited this year as worries over the Eurozone crisis are deepening.
The European officials meetings that kicked off last week didn’t prove to be a game-changer, while strong data from the US indicated a renewed investor sentiment over [...]
European markets have continued to trade back lower off last week’s levels on fairly light volume as investors mulled over the latest press conference from Merkel and Sarkozy.
What markets got was pretty much more of the same uninspiring sound bites that have been pretty much the hallmarks of recent summits. You know when markets are [...]