uploads///compass uCMKxHY

European Markets Are Stable on July 27

By

Jul. 27 2018, Updated 8:50 a.m. ET

The United Kingdom

The United Kingdom’s FTSE 100 Index regained stability on Thursday and closed the day almost flat. Carrying forward the strength, the FTSE 100 Index opened higher on July 27 and was trading with strength in the morning session.

Article continues below advertisement

Market sentiment

Second-quarter earnings reports supported the FTSE 100 Index on Thursday. On Friday, the FTSE 100 Index opened higher despite the mixed global market sentiment. The FTSE 100 Index shrugged off US markets’ overnight decline. The US markets were impacted by the slump in Facebook (FB). The European market sentiment improved after the US agreed to work with the European Union towards a “zero tariff” deal. The market is looking forward to the second-quarter US GDP data. The data are scheduled to be released today.

At 4:35 AM EST, the FTSE 100 Index was trading at 7,681.22 with a gain of 0.24%. The iShares MSCI United Kingdom (EWU) fell 0.94% to $34.71 on Thursday.

Germany

Germany’s DAX 30 Index rose to five-week high price levels on Thursday amid the improved market sentiment. Automakers rose and boosted the DAX 30 Index after the US agreed to stop imposing import tariffs on European cars. Carrying forward the strength, the DAX 30 Index opened higher on Friday and was stable at elevated levels in the morning session. On the economic data front, according to Destatis, the Germany Import Price Index rose to 0.5% in June, which was better than expected reading of 0.2%.

At 4:40 AM EST, the DAX 30 Index was trading at 12,828.29—a gain of 0.15%. The iShares MSCI Germany (EWG) fell 0.26% on Thursday.

France

After closing higher on Thursday, France’s CAC 40 Index opened lower on Friday and was trading with mixed sentiment. The CAC 40 Index lost strength amid the release of weaker-than-expected economic data. According to the National Institute for Statistics and Economic Studies, France’s GDP grew 0.2% in the second quarter—weaker than the forecast of 0.3% growth. France’s consumer spending rose 0.1% in June—less than the forecast of 0.6% growth.

At 4:45 AM EST on July 27, the CAC 40 Index was trading at 5,480.36—a drop of 0.01%. The iShares MSCI France (EWQ) fell 0.98% on July 26.

Next, we’ll discuss how Asian markets performed on July 27.

Advertisement

More From Market Realist

  • Open sign on a sidewalk
    Macroeconomic Analysis
    Top Reopening Stocks to Play the Shifting Market Sentiment
  • Morgan Stanley sign and stock numbers
    Macroeconomic Analysis
    Morgan Stanley's Buyback Stock Picks in 2021
  • Black Wall Street sign is sign of ethical investing
    Macroeconomic Analysis
    Ethical Investing Stocks and Funds for Your 2021 Portfolio
  • New York City skyline and Goldman Sachs logo
    Macroeconomic Analysis
    Goldman Sachs: Options Trade Picks to Play Earnings Season Volatility
  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market Realist Logo
Do Not Sell My Personal Information

© Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.