country flagالعربية

European indices open on Friday on sharp declines

2018-02-09 08:52 am | Resource: NEWS | No Views : 218

European indices opened on Friday to sharp declines, after closing the US markets on Thursday's declines, where the index of Eurostox 50 fell 0.09% to reach levels of 3,364 points, as the German DAX fell 0.17% to reach levels of 12,241 points , While the French CAC 40 index recorded losses of 0.43% to 5,131 points, although the statistical office said Friday that industrial production in France expanded more than expected in December.

Industrial output rose 0.5 percent year-on-year in December, compared with a 0.3 percent drop in November. The output is expected to grow by 0.1 percent, while industrial output rose 0.3 percent from November's -0.8 percent. Analysts had expected production to fall again in December by 0.5 percent.

Capital goods production rose by 1.8 percent, while transport equipment fell by 2.1 percent. Data showed that construction production rose by 4.1 percent on a monthly basis in December, reflecting a decrease of 0.2 percent a month In the fourth quarter, industrial output grew by 4.9% and 4.2% in the entire industry.

Finally, the British FTSE 100 came down 0.48% to reach 7135 points. On the other hand, shares of Vodafone were down by 1.98% at 203.22 pounds. Beltone Financial was up 0.40% at £ 1,480. Deutsche Bank was down 0.90% at € 12.70.

On the economic front, many European data are expected today, with industrial production and foreign trade due to be released from the UK on Friday, and Swiss unemployment data are due. Unemployment is still expected to remain unchanged at 3 percent in January.

Statistics Norway will publish consumer and producer prices for January. Inflation is expected to remain unchanged at 1.6%, and industrial production figures are expected to be released in France. Analysts expect industrial output to hit 0.1 percent year-on-year in December, reversing a 0.5 percent drop in November.

Other analysis

NASDAQ Technical Analysis 19 October 2018

Time frame Used - four hours The NASDAQ 100 is moving in a sideway direction in the near term The bears managed to push the NASDAQ 100 index back to level of  7080 In view of the technical indicators Both the RSI and the Stochastic are indicating the arrival of indicators to the oversold area Based on this, we expect that the NASDAQ index will test levels of 7352 -…

More analysis

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.