Best MT5 broker in IndiaCommodity BrokerECN BrokerForex trading with Capital sandsStock Broker

European shares edge lower ahead of Christmas holiday break

European shares rise as investors hope for more stimulus

By Ritu,

Capital Sands

European shares dipped slightly on Monday after nearing a record high in the previous session, as trading thinned ahead of the Christmas and Boxing Day holidays later in the week.

The pan-European STOXX 600 index was down 0.1% at 0814 GMT, with the banking sector  leading declines.

An improving outlook on the global economy and optimism around a smoother Brexit had sent European equities to an all-time high last week, with the benchmark index logging its biggest weekly gain in two months.

But with an initial U.S.-China trade deal unlikely to be signed this year, and British Prime Minister Boris Johnson’s willingness to take a hard line on future Brexit negotiations, analysts said stocks had little reason to move much from current levels.

A 3% decline for Italian infrastructure group Atlantia  pressured the wider country index .

On Saturday, a report said the Italian government had provisionally approved a document to make it easier to revoke concessions to operate motorways. The decree does not mention Atlantia, but a government source told Reuters that the measures could be applied to it.

Related posts
BusinessCommodity Broker

Investors still remain attracted towards precious metals, thanks to US-China trade tensions

By Administrator_India Capital Sands Last week began with gold trading near record high…
Read more
Commodity BrokerEconomic News

Gold Down Over Hopes For a COVID-19 Vaccine

By Administrator_India Capital Sands Gold was down on Thursday morning in Asia, with investor…
Read more
Commodity BrokerCovid-19

Gold Up Over Rising COVID-19 Cases and U.S.-China Tensions

By Administrator_India Capital Sands Gold was up on Friday morning in Asia, amid a rising…
Read more
Newsletter
Become a Trendsetter
Sign up for Davenport’s Daily Digest and get the best of Davenport, tailored for you. [mc4wp_form id="729"]

Leave a Reply

Your email address will not be published. Required fields are marked *