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The most important events on stock markets

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The most important events on stock markets
May 29
09:00 2017

Today, the decline of the main European stock indices continued. Thus, the indices Stoxx Europe 600 and Stoxx Euro 50 have fallen by 0.2%, CAC 40 – by 0.1%, DAX – by 0.2%.

The UK indexes, in the behavior of which there is an explosive growth, stay apart. So, FTSE 100 grew by 0.4% and reached its historic high.

The reason for the growth in the indices of the United Kingdom is the strengthening of the US dollar against the pound sterling. In addition, the behavior of the indices of Great Britain is influenced by the upcoming parliamentary elections.

As for the shares of the largest European companies, the situation at the beginning of the week is as follows:
Shares of WPP rose by 1.5%, GlaxoSmithKline- by 1.6%, and British American Tobacco gained 1.8%.

Oil producing and oilfield service companies are experiencing a drop in quotes caused by energy price collapse.

The decline was: Statoil Company- by 2%, the company Total –by 0.6%, TechnipFMC – by 3%, OMV –by 4.2%.

The shares of German automobile concerns show the decline in quotes. It is caused by the populist statements of Donald Trump. The US president expressed a desire to reduce the volume of exports of German cars to the States, considering the number of cars being sold to be unacceptably large.

In absolute terms, the decrease at the BMW concern – by 1.1% and by 0.6% at the automakers Daimler and Volkswagen.

 

The material was prepared with the participation of  Marina German,
a leading analyst of the brokerage company CT Trade

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