FBS - Analytics


    555.25 6.25/10
    84% of positive reviews

    Europe stocks head down

    Thursday, global stocks mostly edged lower, following decreasing bullish intention, ahead of the issue of American jobs report.  

    In Europe, the Stoxx Europe 600 descended 0.5% during the trade. Additionally, the healthcare sector along with travel as well as leisure sector stood still on the broader market, although basis resources stocks grabbed revenues.

    As for Asian stocks, they found themselves in positive territory, as they followed upbeat signs of recovering American economy and oil’s rally. 

    That oil’s leap didn’t impress the European session, so Brent crude closed -0.5%, hitting $36.74 a barrel.

    As for risky markets, including corporate debt and shares, they steadied after dropping abruptly at the dawn of this year, following fears regarding decreasing global growth as well as low commodities prices.

    Currently, market participants are trying to figure out whether the hike is really sustainable or not.

    Then, the broad sell-off has offered enormous opportunities to purchase beaten down names, unloaded indiscriminately.  

    Many traders have rather a downbeat view on global growth and it will probably generate a series of commodity price rebounds.

    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree