Market news
07.09.2015, 16:00

European stocks close: stocks closed higher, leading by a rise in shares of mining and commodities trading company Glencore

Stock indices closed higher as shares of mining and commodities trading company Glencore increased after announcing its plans to cut debt.

U.S. markets will be closed for a public holiday on Monday.

Meanwhile, the economic data from the Eurozone was mixed. Market research group Sentix released its investor confidence index for the Eurozone on Monday. The index dropped to 13.6 in September from 18.4 in August. It was the lowest level since February.

A reading above 0.0 indicates optimism, below indicates pessimism.

The decline was driven by a slowdown in the Chinese economy.

"Investors now see the slowdown in China as well as in other emerging markets as a significant burden for the euro zone's economy, which can no longer be compensated by good developments in the domestic euro zone economy or the United States," Sentix said.

Destatis released its industrial production data for Germany on Monday. German industrial production rose 0.7% in July, missing expectations for a 1.0% gain, after a 0.9% decline in June. June's figure was revised up from a 1.4% drop.

The output of capital goods increased 2.8% in July, energy output climbed 1.9%, and the production in the construction sector was up 3.2%, while the production of intermediate goods fell 0.8%.

The output of consumer goods decreased 3.7%.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,074.52 +31.60 +0.52 %

DAX 10,108.61 +70.57 +0.70 %

CAC 40 4,549.64 +26.56 +0.59 %

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location