Italian Stocks Lead Europe Lower as Politics Spook Traders

European stocks on Friday retreated from an almost-four month high as uncertainty about Italian politics contributed to a downdraft in a market already jittery over trade tensions between global superpowers China and the U.S.

The Stoxx Europe 600 index closed 0.3% lower at 394.67, breaking a three-day winning run. On Thursday, the pan-European benchmark ended at its highest level since Jan. 30, buoyed by a rally for oil-related companies.

For the week, the Stoxx 600 scored a 0.6% gain.

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ItalyA?ai??i??ai???s FTSE MIB Index slumped 1.5% to 23,449.65, as political developments in the country flustered markets. The index declined by 2.9% on the week, its largest weekly percentage decline since early March during the general election.

Source : Market Watch

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Sumber : bpfnews.com

European Stocks Slip as Traders Watch Italian Politics

European stocks moved slightly lower on Monday, with investors tracking developments in Italian politics after two populist parties said they had reached a deal to form a new government.

The Stoxx Europe 600 index slipped 0.1% to 391.92, pulling back after scoring its longest weekly winning run since March 2015 last week.

ItalyA?ai??i??ai???s FTSE MIB index fell 0.1% to 24,131.16 as traders were watching developments in Italian politics.

In Germany, the DAX 30 index was down 0.2% at 12,973.87 on Monday, while FranceA?ai??i??ai???s CAC 40 index lost 0.2% to 5,531.52. The U.K.A?ai??i??ai???s FTSE 100 index fell 0.1% to 7,715.13.

The euro rose to $ 1.1981 from $ 1.1942 late Friday in New York.

Source : Market Watch

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Sumber : bpfnews.com

Tokyo Stocks Close Lower on US Politics

Tokyo stocks ended lower on Wednesday, as the safe haven yen rose against the dollar after Donald Trump’s administration was rocked by the resignation of top economic advisor Gary Cohn.

The benchmark Nikkei 225 index fell 0.77 percent, or 165.04 points to close at 21,252.72 while the broader Topix index was down 0.72 percent, or 12.34 points at 1,703.96.

Source : AFP

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Sumber : bpfnews.com

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