country flagالعربية

European shares open mixed after German industrial production data

2019-08-07 07:51 am | Resource: News | No Views : 20

European shares open mixed after German industrial production data

European markets were mixed in early trade on Wednesday after the German Census Bureau said that industrial production in the country fell 1.5% in June, and that E.ON, Wirecard, Commerzbank, Unicredit, Toshiba and Softbank posted quarterly profits during the quarterly quarterly results.

Traders remain focused on China-US relations and trade war, with China setting the yuan's value at 6.9996, lower than the market had expected.

German industrial production fell 1.5% in June

Industrial production in Germany fell 1.5% in June from the previous month on a seasonally adjusted basis, the German Federal Statistical Office said on Wednesday. On an annual basis, the figure was 5.2% lower, adjusted for price and calendar changes.

Excluding energy and construction, production in the euro zone's largest economy in June fell 1.8% month-on-month. Capital goods production fell 1.8%, consumer goods production grew 1.4%, while intermediate goods production fell 2% on a monthly basis.

Meanwhile, energy production fell 1.6%, but production in construction rose 0.3%, according to the report.

European stock openings
  • The DAX rose 0.52% at 9:23 CET. Bayer led the increase.
  • The CAC 40 rose 0.33% at 9:09 CET.
  • The British FTSE 100 lost 0.18% at 9:24 CET.

The EUR was steady against the USD, as it changed 0.03% in the red at 1.11958 at 9:31 AM CET. The pound was up 0.06% to 1.21744 against the US currency at 9:32 CET.

Other analysis

Best Opportunities, Vision and Technical Analysis for The NASDAQ100 17 April 2019

We offer you the analysis of the NASDAQ 100 index on Wednesday , April 17, 2019 with the most important forecasts for the NASDAQ 100 index in the US market. Time frame Used - four hours The NASDAQ 100 is moving in a bullish direction in the near term. The Nasdaq 100 is still facing resistance and selling pressure around 7670 levels, forming a negative candlestick pattern as the indices…

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.