February 10, most European stock indexes traded with an increase, against the background of positive statistics and rising oil prices. European investors also welcomed optimistic data on China’s foreign trade and business hopes for tax cuts in the United States. President Donald Trump said on Thursday that in the coming weeks he will announce a “phenomenal” tax change plan, without giving any details. Trump’s promises to increase financial spending, loosen banking regulation, and cut taxes supported the growth of stock markets after the presidential election in the United States. But Trump’s quick temper, legislative priorities and a hard talk about trade made some investors doubt the growth prospects of the global economy. Yesterday Trmpa promise was able to return optimism to the markets. The mining sector strengthened significantly after China reported an increase in exports of 7.9% in January, compared with a drop of -6.1% in December. China is the main consumer of natural resources and any hint at the high rates of economic growth in the country stimulate growth in the mining sector. Shares of Anglo American PLC rose 3.2%, Rio Tinto PLC gained 2.7%, and Glencore PLC gained 1.8%. National Front Leader Marine Le Pen tops the election rating according to recent polls. In the first round, during the vote, Le Pen can get 24% of the vote and reach the second round. Marine Le Pen stands for limiting migration, enhancing security in France and moderate protectionism. According to experts, domestic demand for goods and services in Germany will grow by 1.5% in 2017, compared to last year. The volume of industrial production in France in December fell by -0.9% compared to the previous month, with a forecast decline of -0.7%. The number of people employed in the non-agricultural sector of France in the fourth quarter increased by 0.4% compared to the previous quarter, with a growth forecast of 0.3%. The volume of industrial production in Italy in December increased by 1.4% compared to the previous month, while the growth forecast was 0.1%. The volume of construction in the UK in December increased by 1.8% compared to the previous month, while the growth forecast was 1.0%. The volume of industrial production in the UK in December increased by 1.1% compared to the previous month, while the growth forecast was 0.2%. The volume of production in the UK manufacturing industry in December increased by 2.1% compared to the previous month, while the growth forecast was 0.5%. The UK trade balance in December was -10.89 billion, with a forecast of -11.50 billion.

FTSE 100 7.266.86 37.36 0.52%. DAX 11,705.05 62.19 0.53%. CAC 40 4,836.35 10.11 0.21%. FTSE MIB 18.887.90 -59.54 -0.31%. IBEX 35 9.442.60 4.20 0.04%. Stoxx 600 367.59 0.80 0.22%.

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Review prepared by the analytical department https://www.fortfs.com/en/analytics/review Follow our publications

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