The United Kingdom
Last week, the United Kingdom’s FTSE 100 Index closed higher and clocked the third consecutive weekly gain. However, the FTSE 100 Index opened lower on Monday and was trading with mixed sentiment in the morning session.
The market sentiment in European markets improved last week amid strong second-quarter earnings reports. Decreased concerns about the US-European Union trade policy also boosted the markets. The US agreed to work with the European Union towards a “zero tariff” deal. On July 30, the FTSE 100 Index opened lower following US and Asian markets’ weak performance. Caution ahead of the Bank of England’s interest rate decision is also weighing on the market. The interest rate decision is scheduled for this week. The Bank of England is expected to increase the interest rates.
At 4:40 AM EST, the FTSE 100 Index was trading at 7,685.00 with a drop of 0.3%. The iShares MSCI United Kingdom (EWU) rose 0.2% to $34.78 on Friday.
After gaining for four weeks, Germany’s DAX 30 Index opened lower on July 30 and was trading with mixed sentiment in the morning hours. The tech sell-off in US markets along with caution ahead of this week’s central bank meetings are weighing on the DAX 30 Index. The market is looking forward to the release of July’s Germany consumer price index data. The data are scheduled to be released at 8:00 AM EST today.
At 4:45 AM EST, the DAX 30 Index was trading at 12,821.47—a drop of 0.3%. The iShares MSCI Germany (EWG) rose 0.19% on Friday.
Last week, France’s CAC 40 Index regained strength and closed higher. However, the CAC 40 Index opened lower on Monday amid weakness in the European market sentiment. In the morning session, the CAC 40 Index was trading with weakness as technology and industrials stocks fell. The European market sentiment was also weakened by the release of disappointing earnings in the morning session. At 4:50 AM EST on July 30, the CAC 40 Index was trading at 5,492.46—a drop of 0.35%. The iShares MSCI France (EWQ) rose 0.48% on Friday.
Next, we’ll discuss how Asian markets performed on July 30.