Currency Movements Weigh on European Stocks

December 5, 2017
european stocks close

By Investors Hub

European stocks are mixed on Tuesday as investors monitored currency movements and looked ahead to further progress in Brexit talks and U.S. tax reform.

While the U.K.’s FTSE 100 Index has inched up by 0.1 percent, the German DAX Index is down by 0.2 percent and the French CAC 40 Index is down by 0.4 percent.

In economic news, business activity across the euro zone accelerated to its fastest pace in over six years in November, data showed. IHS Markit’s final composite PMI was confirmed at an earlier flash reading of 57.5.

Allied Irish Banks has rallied after the lender maintained its dividend guidance. British retailer Tesco has also moved notably higher after an upgrade by research analysts at Goldman Sachs Group.

On the other hand, Provident Financial shares have slumped after U.K. regulator FCA launched a probe into the company’s Moneybarn unit.

Modupe Gbadeyanka

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

Leave a Reply

wall street
Previous Story

Futures Pointing to Initial Strength on Wall Street

Asian Stocks Broadly Lower as Chinese Data Limit Losses
Next Story

Asian Stocks Broadly Lower as Chinese Data Limit Losses

Latest from Economy

Don't Miss