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European stocks diverge as risk of UK exit from the EU spreads

2019-07-30 07:41 am | Resource: News | No Views : 30

تباين الأسهم الاوروبية مع انتشار مخاطر خروج بريطانيا من الاتحاد الأوروبي

Precious metals trimmed most of the mild losses on Tuesday when trading on major European shares began. Optimism about the Bank of Japan's determination to continue monetary stimulus, which could affect the position of interest rate makers in the euro area, the United Kingdom and the United States, was immediately met by Governor Haruhiko Kuroda's warning that the World Bank economy is faltering.

Stocks in the currency markets fell amid concerns over a lack of willingness to settle Britain's exit negotiations from the European Union, while London-listed companies benefited from the pound's decline. Quarterly earnings and economic data have generally worsened.

GFK Consumer Sentiment in Germany

Consumer confidence in Germany fell for the third time in a row to its lowest level since April 2017. The results of a consumer opinion poll conducted by GfK this month showed the growing concerns about the global economic slowdown, trade friction and gloomy expectations about Britain's exit from the EU. . The benchmark index fell 0.1 points to 9.7 points, according to a report released Tuesday. The forward action is lifted for August.

Consumption showed signs of a problem after a sharp decline in the manufacturing sector and analysts polled said they expected a deterioration in the pillar, which has remained strong so far. Where survey participants continued to paint a deteriorating picture of future time as the tendency to purchase deteriorated. The two sub-indices fell 6.1 points to 3.7 below zero, the lowest point since November 2015, and 7.4 points to 46.3, respectively, unseen a month ago.

On the other hand, income expectations rebounded somewhat after the recent sharp drop, leading the index to rise by 5.3 points to 50.8, and labor market indicators were strong.

European stocks traded
  • The FTSE 100 rose 0.33% at 8:17 am CET.
  • Germany's DAX <.DJX> was down 0.15% from a steady line led by a down of 5.06% in Lufthansa.
  • While the CAC 40 index fell only 0.05%.
Currencies and gold
  • The euro fell 0.06% to hit 1.1378 against the US dollar.
  • The euro was up 0.34% at £ 0.91534.
  • The pound lost ground against the dollar, dropping 0.4% to $ 1.21684.
  • Gold, the most traditional safe haven asset, fell 0.13% to $ 1425.03 an ounce.


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