European stocks were down after the fixation of the weekly rate, due to geopolitical tensions in Ukraine and the Middle East. U.S. index futures fell, while Asian stocks remained almost unchanged.
Market participants assess the degree of geopolitical tensions after the crash Malaysia Airlines in Ukraine and are waiting for new quarterly results in the U.S. and Europe.
"The geopolitical events in the fundamentals, which are usually determined by the dynamics of financial assets, should be kept in long-term context, the actions of central banks further soften it," - said the Financial Times, Ian Williams of the company Peel Hunt. According to him, investors' attention should shift the financial results of companies. While reporting season surpasses market expectations: 68% of companies have already reported S & P earnings above expectations.
Little influenced by the German data, which showed that in a monthly basis, prices of German manufacturers remained unchanged in June, which followed a decline of 0.2 percent in May. Many experts expect that this figure will grow by 0.1 percent. It was also reported that, compared with the same period of the previous year the producer price index fell by 0.7 per cent compared, a little slow pace compared to May, when it was seen falling 0.8 percent. We add that the last change coincided with the average forecast. Also note that the June decline is the smallest since December. Excluding energy prices, producer prices in June fell 0.1 percent year on year, but remained unchanged in monthly terms.
Airbus Group shares fell 0.80% despite the claims that the company this week could sell 100 or more copies of a fresh model A330neo aircraft at Farnborough International Airshow.
Philips shares rose 0.10% after the electronics maker reported a decline in profits in the second quarter, but said he expects to see an improvement in the second half of this year.
The market value of British retailer Tesco Plc rose by 2.6%. The company announced the appointment of new CEO Dave Lewis, who had previously worked in Unilever. D.Lyuis take up his duties on October 1.
The price of the Julius Baer Group Ltd. increased by maximum of 5.9% for the year, as the bank announced an increase in profits in the first half of 2014 by 56% to 178.3 million Swiss francs. Assets under management increased by Julius Baer in January-June by 20 billion to 274 billion francs.
Commerzbank shares fell 1.8 percent after the market regulator BaFin found high operational risks and challenges in the internal accounting system in 2013.
At the current moment
FTSE 100 6,735.91 -13.54 -0.20%
CAC 40 4,331.46 -3.85 -0.09%
DAX 9,670.03 -49.99 -0.51%
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