Attention, Europe!
17.02.2020, 12:41

Attention, Europe!

Last Friday, it was possible to observe a downward trend in the main European stock exchanges. The day turned out to be characterised by a mixture of tendencies once there was a rising trend which eventually achieved a historical peak - then, however the trend reversed and the Stoxx 600 eventually closed the day by falling 0.1% when compared to the previous day.

In the debt market, the appetite was higher and most of the European debt interest rates ended up falling.

The Euro had a mixed variation throughout the day. Eurozone GDP was expected to grow by just 0.1% in the last quarter with the German, French and Italian economies brining about negative surprises. However, speculation that the ECB is ready to intervene in order to support greater economic prosperity contributed to counter these unfortunate disclosures.

Comparing the European currency to the English Pound, it is also possible to note that the pair also performed similarly throughout the day.

Oil had the biggest rise since September last year. After a few weeks of devaluation as a consequence of fears about the coronavirus, the trend over the last few days has been one of recovery. On Friday, crude oil ended up appreciating 1.15%. Apparently, the increase in oil purchases by the Chinese government may have contributed to this growth. This happened after the World Health Organisation revealed that the number of registered cases does not reflect the number of infected cases.

Gold ended up valuing for most of the day, following then the greater risk aversion felt during Friday.


Disclaimer:

Analysis and opinions provided herein are intended solely for informational and educational purposes and don't represent a recommendation or investment advice by TeleTrade. Indiscriminate reliance on illustrative or informational materials may lead to losses.

© 2000-2020. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

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

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.

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