Thu, March 28, 2024

European stocks and Boris Johnson

Stocks and interesting details

Yesterday, U.K.’s Prime Minister Boris Johnson made a comment which influenced the European stock markets. Johnson promised to block an extension of EU trade talks beyond 2020. His comment revived the fear of hard or “cliff-edge” Brexit.

Johnson’s party won a parliamentary majority. As a result, it will be very hard for his opponents to alter his plan.

Meanwhile, investor caution returned after his comment. European stocks were mixed on Wednesday morning. The Pan-European Stoxx 600 increased by 0.1% higher by late morning. Travel and leisure stocks fell by 0.4%. The oil and gas sector gained 0.5%.

The German DAX index declined by 0.25% or 32.89 points to 13254.94. Meanwhile, the French CAC 40 index added 1.08 points or 0.02% to 5969.53.

U.K.’s FTSE 100 added 6.72 points or 0.09% to 7531.91.

      • Interested in trading DAX, FTSE or CAC 40? Read WiBestBroker’s comprehensive review on Turboforex.

Markets and global factorsStocks markets and trade

Several factors impact stock markets around the world. One of the biggest challenges is the trade war between the U.S. and China.

On Tuesday, the media reported that U.S. President Donald Trump’s administration is finalizing a set of rules connected to technology transfers. These rules will limit the export of sophisticated technology to China and other adversaries. However, the U.S. government may grant some exceptions to the tech companies.

Investors are waiting for the details regarding the “Phase one” trade deal. U.S. officials insisted that the deal is ready, and leaders will sign the agreement in January.

The German Ifo business climate survey released on Wednesday showed that business morale increased in December. According to this survey, the result surpassed the expectations. This is good news because it may indicate Europe’s largest economy would grow in the fourth quarter.

The shares of Swedish automaker Volvo rose 3.9% after the company announced a strategic alliance with Japanese company Isuzu Motors.

Trade deal with China, as well as the Brexit, created additional pressure on the stock markets. In this situation, it is not surprising that investors are cautious due to risks connected with stocks.

YOU MAY ALSO LIKE

Coinbase Shares Surge as it Agrees to a Settlement

Quick Look: The SEC has sued Coinbase for operating as an unregistered

USD to CNY: Chinese yuan and US dollar bills

Quick Look: The Yuan (CNY) has seen a depreciation of approximately 2%

Dollar and Euro

Quick Look: EUR/USD rate Dips to 1.0820 during the Asian session. The US

COMMENTS

Leave a Comment

Your email address will not be published. Required fields are marked *

User Review
  • Support
    Sending
  • Platform
    Sending
  • Spreads
    Sending
  • Trading Instument
    Sending

BROKER NEWS

Plus500 Expands Office Space in Haifa and Boosts Hiring

Plus500 has significantly expanded its Haifa office space and increased recruitment efforts across various departments. Local news source Walla reports the brokerage has leased an additional 5,800 square meters in the Gev-Yam complex

BROKER NEWS

Stock Report – stock exchange background – WibestBroker

Plus500 Expands Office Space in Haifa and Boosts Hiring

Plus500 has significantly expanded its Haifa office space and increased recruitment efforts across various departments. Local news source Walla reports the brokerage has leased an additional 5,800 square meters in the Gev-Yam complex in