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European shares began its session with weak footing last Friday compromising its performance throughout the week. This followed after US-China trade pact uncertainty left investors doubtful over the possibility of the said trade pact signing.
The pan-European STOXX 600 index suffered with 0.4% at 0807 GMT but is expected to finish its fifth straight week in the black.
Miners, the most exposed to trade dispute and its impact to global economy, are the highest decliners with 1.3% fall. In line, telecoms and utilities managed to acquire minimal gains.
Equity markets from all around the world celebrated on Thursday over the news that the United States and China had agreed to pull out imposed tariffs on each other as part of the “phase one” of the US-China trade deal.
Optimism dimmed after reports that the trade pact signing scheme faced opposition in the White House.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
On Wednesday, European stocks rose slightly after mixed earnings reports. However, the new wave of the coronavirus outbreak kept investors cautious while they also wait for the U.S. Federal Reserve’s announcement. The Stoxx Europe 600 ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
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