EUROPE MARKETS: European Markets Climb Despite German Slowdown; Optimism Grows Over U.S./China Trade
09 Enero 2019 - 7:41AM
Noticias Dow Jones
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?
(http://www.marketwatch.com/story/us-stock-futures-pull-back-after-biggest-gain-in-history-for-dow-2018-12-27)German
exports declined in November
(http://www.marketwatch.com/story/german-exports-drop-underlining-slowdown-fears-2019-01-09)
-- 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
(http://www.marketwatch.com/story/trump-today-president-readies-for-prime-time-border-address-and-says-china-trade-talks-going-well-2019-01-08)
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
AG (DAI.XE) up 4%, while Volkswagen AG (VOW.XE) 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 AG (DBK.XE) and Man Group PLC (EMG.LN) both
losing nearly 2%.
U.K.-based house-building company Taylor Wimpey PLC (TW.LN)
jumped 6% after reporting upbeat figures for 2018
(http://www.marketwatch.com/story/taylor-wimpey-expects-one-off-charge-over-pensions-2019-01-09).
House builder Persimmon PLC (PSN.LN) rose 4%.
(END) Dow Jones Newswires
January 09, 2019 08:26 ET (13:26 GMT)
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