April 10. On Monday, European stock markets are trading lower, as investors are not prone to risk against the backdrop of rising geopolitical tensions in the Middle East and the Korean Peninsula. Increased geopolitical risks continue to encourage investors to move to safer assets such as government bonds. At the same time, shares of mining and energy companies continued to grow, amid high prices for oil and metal. Shares of BHP Billiton rose 4.4%, Rio Tinto PLC rose 1.6%, Anglo American PLC added 1.3%, and Glencore PLC gained 1.2%. Crude oil futures are trading higher, continuing to strengthen after the recent US missile attack on an airfield in Syria. While Syria is not a large oil producer, this move by the United States has raised concern about possible tensions with major oil producers Iran and Russia. Both countries reaffirmed their support for the regime of President Bashar al-Assad. Geopolitics remains the focus, not only in the Middle East, but also in the Pacific. Also, the US Navy canceled the planned entry into Australia of the aircraft carrier Carl Vinson and instead the ship is heading for the Korean Peninsula, after recent missile tests by North Korea. The European currency remains stable against the dollar, amid uncertainty about the upcoming presidential elections in France. Traders’ concern resumed after the publication of the results of recent surveys. The data confirmed the possible exit of Main Le Pen in the second round, which gives her a chance to win the election. The British pound strengthened slightly, having won back some of the losses on Friday. At the same time, data on the fall in consumer demand in the UK published last week, still reduce the attractiveness of the pound for traders. The US dollar index remains stable during the European session, after working off and rebound from a three-week maximum during the Asian session. Demand for the US currency remains stable amid expectations of a Fed interest rate hike, despite the ambiguous comments of the Federal Reserve Bank of New York, William Dudley. Dudley said that the Fed could take a “small pause” in plans to raise interest rates at the central bank, starting the process of reducing the volume of bonds. The volume of industrial production in Italy in February increased by 1% compared to the previous month, while the growth forecast was 1.5%. Sentix euro-zone investor confidence index in April was 23.9, while the forecast was 21.0.
FTSE 100 7,344.67 -4.70 -0.06% DAX 12,181.12 -43.94 -0.36% CAC 40 5,100.13 -35.15 -0.68% FTSE MIB 20,168.64 -131.42 -0.65% IBEX 35 10,477.80 -51.20 -0.49% Stoxx 600 380.55 -0.71 -0