country flagالعربية
0

European shares open higher after US midterm elections

2018-11-07 10:25 am | Resource: News | No Views : 41



 European stock markets opened on Wednesday after the midterm elections in the United States, where the Democratic Party received the House of Representatives, while the Senate remained under the control of Republicans, in line with most expectations.

Later in the day, the Italian government will face a vote of confidence. Market watchers also followed German industrial production data, while a report on retail sales in the EU is due to be released during the session.

BMW posted revenue of € 24.7 billion in the third quarter, up 3% year-on-year

On the other hand, BMW Group said Wednesday its revenue for the third quarter of 2018 was 2.74 billion euros, an increase of 4.7 percent over the same period last year. At the same time, earnings per share were announced at 2.09 euros, down 24.3% yoy. The company also said its net profit for the quarter fell by nearly 24 percent year-on-year.

Germany's profit before tax was 1.85 billion euros for the period ended September 30, down 26.3 percent from the same period last year.

The company said it shipped 592,303 BMW, Mini and Rolls-Royce vehicles around the world. MINI sales fell 6% year-on-year, while sales of BMW units remained in line with delivery figures last year, rising 1.5% to 506,920 this quarter.

German industrial output rose 0.2% in September

German industrial output rose slightly more than expected in September, giving some reassurance about Europe's strongest economy in the third quarter, data showed on Wednesday.

Industry data showed industrial output rose 0.2 percent, slightly higher than Reuters's forecast of a 0.1 percent rise. The August reading was revised down to a 0.1 percent increase from a 0.3 percent drop in previous estimates.

European Stocks Open
  • The DAX rose 0.98% after the opening bell. Medical equipment manufacturer Fresnius Medical Care rose 7.04% at 9:22 am CET.
  • The FTSE 100 rose 1.06%. Chile's Antofagasta was the best performer, rising 2.02% at 9:12 am EDT.
  • France's CAC 40 added 1.11%, with Veolia leading the gains, rising 2.95% at 09:17 CET.

The euro jumped 0.45% against the US dollar, selling $ 1.14692 at 9:22 CET.


Other analysis

NASDAQ Technical Analysis 16 November 2018

Time frame Used - four hours The NASDAQ 100 is moving in a bearish direction in the near term. The Nasdaq 100 is still facing resistance and selling pressure around the 6903 level and the trend is bearish after breaking the 6903 level down. In view of the technical indicators Both the RSI and the Stochastic are indicating to the arrival of indicators in the oversold, area and weakness of…

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 doubts.TradingPekk.com 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.