Today on Wednesday, European stock indexes are traded in negative territory, departing from 2-month highs, amid mixed results of corporate reports published today. At the same time, shares of mining companies resumed their growth, recovering from the recent fall caused by the decline in prices for industrial metals. The growth driver was the data published today about the rise in prices of Chinese manufacturers, the main consumers of industrial metals in the world. Anglo American added 0.73% Rio Tinto PLC rose 0.6% and BHP Billiton PLC gained 0.87%. Oil prices strengthened slightly after yesterday the American Petroleum Institute published data on the fall in US oil reserves by 5.789 million barrels over the past week. Most analysts expected a decline of 1.800 million barrels. On FOREX, the US dollar weakened slightly against most major currencies, due to rising political tensions in the United States. The concern of investors was caused by the decision of US President Donald Trump to dismiss the director of the Federal Bureau of Investigation, James Comy. European currency remains stable in anticipation of today’s speech in the Netherlands, the head of the European Central Bank, Mario Draghi. At the same time, the British Pound weakened a bit, awaiting tomorrow’s meeting of the Bank of England. Most market participants expect bankers to keep the interest rate and the amount of the quantitative easing program at the same level. Shares of building materials manufacturer Heidelberg Cement fell 2% after reporting a drop in operating profit in the first quarter by 3%. Shares of TGS NOPEC fell by 4% after the profit figures in the first quarter did not meet market expectations. Shares of the Dutch bank ING jumped 2.7%, and the French energy company Rubis 5.7% after reporting profit growth in the first quarter. The volume of industrial production in France in March increased by 2.0% compared to the previous month, while the growth forecast was 1.0%. France’s trade balance in March is -5.4 billion, while the forecast is -6.0 billion. The volume of industrial production in Italy in March increased by 0.4% compared to the previous month, with a forecast of growth of 0.3%. European producer price index rose 0.7% in April from the previous month.

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