European stocks trade mixed _ stock market news


VIENNA (Alliance News) – European stocks were mixed in the mid-day trading on Monday as investors waited for clarity on US President Donald Trump’s economic policies and the day’s economic reports proved a mixed bag.

The Eurozone Sentix Investor Confidence Index declined slightly in February to 17.4, matching expectations, while German factory orders rose the most in two and a half years in December, more than making up for a steep decline in the previous month.

ECB President Mario Draghi testifies before the European Parliament later today, with investors looking for clues on the outlook for the central bank’s stimulus program.

Meanwhile, survey data from IHS Markit showed that German construction firms registered slower growth in January but were more optimistic about the coming year. Gbp usd chart live The construction Purchasing Managers’ Index fell to 52.0 from December’s nine-month high of 54.9.

UK Prime Minister Theresa May is facing a bitter fight for Brexit this week. Us stock futures marketwatch Media reports suggested that as many as 27 lawmakers in her ruling Conservative Party are ready to back moves to water down the historic EU Bill.

Meanwhile, UK shares traded positive as the pound tumbled as investors pondered what Trump’s presidency means for the global economy. Program for binary search The benchmark FTSE 100 was up 15.25 points or 0.21% at 7,203.55, erasing early losses.

A German fish distributor, Deutsche See, sued Volkswagen over the automaker’s emission cheating scandal, sending its stock down 1%. When does the futures market open Daimler traded higher, while BMW slid.

UK car registrations increased at the start of the year, driven by higher demand from individual consumers, industry data showed. Nzd to usd converter Car sales advanced an annual 2.9% to 174,564 units in January, the highest level since 2005.

In the banking stocks, Deutsche Bank shares fell 1.4%. Us stock futures market The country’s largest lender has apologized in full-page German newspaper ads for “serious errors” that cost the lender billions of euros.

Italian banking major UniCredit was down 4% after it signed Saturday a deal with trade unions to cut 3,900 jobs as part of a business plan unveiled in December by its new chief executive.

Shares of Ryanair Holdings fell nearly 3% after the Irish no-frills airline issued cautious outlook for the remainder of the year after reporting an 8% drop in third-quarter profit.

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