Thu, March 28, 2024

Stock Markets and Global Factors

European stocks on Wednesday

The U.K. decided to leave the European Union as a result of a referendum which dates to 2016. However, it took longer than expected to deal with all the issues connected with leaving the EU. The date of withdrawal changed multiple times. Prolonged withdrawal process continues to affect the stock markets.

Two days, U.K.’s Prime Minister Boris Johnson vowed to block an extension of EU trade talks beyond 2020. His comment revived the fear of “cliff-edge” Brexit.

On Wednesday, investor caution returned after his comment. 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 weakened by 0.25% or 32.89 points to 13254.94. Meanwhile, the French CAC 40 index gained 1.08 points or 0.02% to 5969.53.

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

Stocks and investorsStock market news

One of the biggest challenges for the stock markets is the protracted trade war between the U.S. and China.

On December 17, the media reported that Donald Trump’s administration was working on a set of rules connected with technology transfers.

According to the information, these rules would limit the export of sophisticated technology to China and other opponents. Nevertheless, the U.S. government may grant some exceptions to tech companies.

Investors, as well as analysts, are monitoring the situation to learn more about the “Phase one” trade deal. The date when the leaders of China and the U.S. will sign the agreement remains unknown. However, U.S. officials claimed that leaders would sign it in January.

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

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

YOU MAY ALSO LIKE

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

Domino Pizza

Quick Look: Domino’s stock surges by 8.32% over the past week, hitting

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