German stock index DAX 30 rose by 1.81%. #DAX

Yesterday, February 4, the stock markets of the Western European Union ended with the domination of the bullish trend. Despite the fall, which was triggered by the surge of Chinese coronavirus, global equity markets recover and show growth. The same thing happens with the Asia-Pacific region, if a couple of days ago, the market showed a drop, then yesterday trading closed with growth.

 

The phenomenon of “black Swan” disturbed many traders, after which they started to invest in more stable assets such as bonds or gold. Analysts At JPMorgan Chase & Co. I think that speculation assets may stimulate buying by traders. In addition, the decline in sales was influenced by the actions of the Chinese authorities, who have been taken to support the economy. It is worth noting that exciting is not only the situation in China and future trade negotiations between Britain and the European Union.

 

At the end of trading the composite index of the largest enterprises of the region Stoxx Europe 600 rose by 1.64% and amounted to 418,47 item, such indicators are the highest since December 2019. Special attention should be paid to the West European Union, the situation is much better than in other areas, as Britain's FTSE 100 climbed 1.55%, German DAX - on 1,81%, French CAC 40 - on 1,76%, Italian FTSE MIB gained 1.64 per cent and the Spanish IBEX 35 showed an increase of 1.68%.

 

At the moment, on the leading positions in Europe are resource companies, it is not surprising that the Stoxx Europe 600 Basic Resources jumped 3.5%, and stock quotes mining Anglo American (LON:AAL) gained 3.7%.

 

Securities of Swiss mining and trading company Glencore (LON:GLEN) rose as much as 5.2 percent. The price increase was triggered by the company's announcement that its plan for the recovery of copper mining in Africa succeeds. An important fact is that the Board of Directors of Glencore have entered the former head of the Chinese mining company China Molybdenum, the Kalidas of Madhavpeddi.

 

In the UK increased shares of oil company BP (LON:B), showing an increase of 4.2%. By the end of 2019 fourth quarter due to write-offs associated primarily with the divestiture, the company's profit fell 21% but exceeded analyst expectations.

 

But the leader of the fall growth was the company Micro Focus International, which is engaged in software development, where the stock fell 22.3%. Kevin Lusmore, who is the Chairman of the Board of Directors of the company, announced his resignation after the publication of the statements for 2019.

 

After the Italian manufacturer of sports cars Ferrari reported a net profit decline of 13% in the fourth quarter of last year, the company's shares fell by 2.4%.

05 February, 2020
381
views

Read more:

Sino Biopharm Shares Down 14% In Hong Kong

01 December, 2020

Goldman Sachs Group Inc. plans to create a European stock trading platform

24 November, 2020

Encouraging results from Moderna vaccine trials have renewed hope in the tourism sector. #INDU

17 November, 2020

Oil prices fall on the eve of progress in the creation of the Covid-19 vaccine

10 November, 2020

US equities rose on Monday

03 November, 2020

Asia will be resistant to the second wave of coronavirus.

28 October, 2020

Oil prices fall for the fourth day

20 October, 2020

World stock indices are showing growth again. GOLD

13 October, 2020

World stock indices are growing

29 September, 2020

News overview for today

22 September, 2020

Hedge Funds Cut Their Optimistic Crude Oil Rates

15 September, 2020

David Trainer's opinion on Tesla shares

08 September, 2020

An urgent notification from the FXspace universe! Split of Apple and Tesla shares. #AAPL

01 September, 2020

Apple is still not as expensive as the competition. #AAPL

25 August, 2020

Gold prices continue to rise amid weakness in the dollar, with a $ 2,000 mark expected. GOLD

18 August, 2020

The us stock market again shows growth. #SPX

28 July, 2020

The company's technology sector in the United States show an increase. #MSFT

21 July, 2020

Arrange a call