Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Markets

News : Markets

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 

EUROPE MARKETS: European Markets Climb Despite German Slowdown; Optimism Grows Over U.S./China Trade

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/09/2019 | 09:45am EST

By Emily Horton

European stock indexes climbed on Wednesday, as optimism over ongoing U.S./China trade talks helped investors shrug off worries about an economic slowdown in Germany.

Auto stocks led the gainers, performing well, but France's Airport de Paris (ADP.FR) was lagging in the Stoxx 600.(ADP.FR)

How are the markets performing?

All major European markets were in the black on Wednesday, with the Stoxx Europe 600 adding 1% to 349.15, after finishing up 0.9% the previous day.

The German DAX jumped by 1% to 10,910.90 and France's CAC 40 gained 1.2% to 4,829.12.

Meanwhile, Italy's MIB added 1% to 19,222.21 and the U.K.'s FTSE 100 rose by 1% to 6,926.11.

The euro climbed to $1.1458, compared with $1.1442 in New York late on Tuesday, while the British pound rose to $1.2761 from $1.2716.

What is driving markets?

German exports declined in November -- by 0.4% to EUR110.6 billion ($126.6 billion), the Federal Statistical Office said on Wednesday, underscoring fears that trade tensions are hampering the country's economy.

However, there is optimism that trade talks that ended Wednesday between the U.S. and China will see a positive outcome. President Donald Trump is reported to be eager to reach an agreement to help boost the sagging stock market, according to Bloomberg News (https://www.bloomberg.com/news/articles/2019-01-08/trump-said-to-want-trade-deal-with-china-to-boost-stock-market?srnd=premium). Trump tweeted on Tuesday that discussions in Beijing were "going very well."

Minutes from last month's Fed meeting, where the decision was made to raise interest rates, are due out at 2 p.m. in Washington.

In the U.K., Prime Minister Theresa May has warned the government it is delusional to believe that a new divorce deal from the European Union could be negotiated if parliament vote down her proposed exit agreement next week, Reuters reports (https://uk.reuters.com/article/uk-britain-eu/forget-fantasy-brexit-uk-tells-lawmakers-as-crucial-deal-debate-begins-idUKKCN1P30MD).

What stocks are active?

Auto stocks benefited from trade optimism, with hares of Daimler up 4%, while Volkswagen AG rose nearly 3%.

Airport de Paris (ADP.FR) was the biggest Stoxx 600 decliner on Wednesday, with its stock dropping 5%.

Banking and fund management stocks also lagged behind, with Germany's Deutsche Bank and Man Group both losing nearly 2%.

U.K.-based house-building company Taylor Wimpey jumped 6% after reporting upbeat figures for 2018 . House builder Persimmon rose 4%.

Stocks mentioned in the article
ChangeLast1st jan.
CAC 40 -0.42% 4847.53 Real-time Quote.3.07%
DAIMLER -0.30% 50.57 Delayed Quote.10.15%
DAX -0.41% 11090.11 Delayed Quote.5.03%
DEUTSCHE BANK -1.53% 7.86 Delayed Quote.12.82%
EURO STOXX 50 -0.39% 3112.8 Delayed Quote.4.45%
FTSE 100 INDEX 0.28% 7234.11 End-of-day quote.0.00%
GROUPE ADP 0.85% 166.2 Real-time Quote.0.42%
MAN GROUP PLC -0.37% 147.95 Delayed Quote.11.24%
PERSIMMON 0.08% 2390 Delayed Quote.23.83%
STOXX EUROPE 600 -0.36% 355.09 Delayed Quote.5.75%
TAYLOR WIMPEY -0.21% 165.4 Delayed Quote.21.39%
VOLKSWAGEN -0.88% 143.6 Delayed Quote.3.37%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Markets"
12:55aAsian stocks pause amid worries over growth and trade
RE
01/22ASIA MARKETS: Asian Markets Flat As Japan Reports Weak Export Data
DJ
01/22Southeast Asia stocks - Philippines falls ahead of GDP data, Thailand gains
RE
01/22Correction to U.S. Stock Market Article
DJ
01/22WALL STREET STOCK EXCHANGE : U.S. Stocks Tumble as Growth Concerns Resurface
DJ
01/22MARKET SNAPSHOT: Stocks Snap Four-day Winning Streak As Trade Worries Fester
DJ
01/22WALL STREET STOCK EXCHANGE : U.S. Stocks Tumble as Economic Concerns Resurface
DJ
01/22WALL STREET STOCK EXCHANGE : U.S. Stocks Fall as Economic Concerns Resurface
DJ
01/22LONDON STOCK EXCHANGE : Fresh global growth worries drag on FTSE 100; lift-off for easyJet
RE
01/22WALL STREET STOCK EXCHANGE : U.S. Stocks Fall as Economic Concerns Resurface
DJ
Latest news "Markets"
Advertisement