DJIA26260.93
LIVE518.28(2.01%)
NDX9699.44
LIVE42.13(0.44%)

European stocks close higher as trade hopes offset US political uncertainty


Friday, 27 September 2019 23:35 WIB

Stoxx 600Saham Eropa


c_740_198_16777215_00_images_assets_EUROPE_640x-1.jpg

European shares traded higher on Friday as cautious optimism returns to markets over the state of U.S.-China trade relations, though gains may remain capped by escalating political uncertainty in the United States.

The pan-European Stoxx 600 closed up 0.47% to 391.79 during trade, with basic resources adding 1.6% to lead gains as the majority of sectors traded in positive territory, while utilities slipped 0.4%.

Britain’s FTSE 100 led the upward momentum, hitting its highest since August 2 during the morning, as sterling fell after Bank of England Monetary Policy Committee (MPC) member Michael Saunders said it is “quite plausible” that the central bank’s next move is a rate cut.

The index tends to move inversely to GBP on account of the proportion of FTSE 100 companies’ profits denominated in dollars. Sterling pared its initial losses by the afternoon session to trade flat around $1.2311 at the closing bell.

Investor focus is largely attuned to political developments in the U.S., following the release of a whistleblower complaint against President Donald Trump.

Source: CNBC


RELATED NEWS

  • Hong Kong shares rallied for a third straight day Wednesday as the easing of lockdowns around the world overshadowed worries about China-US tensions. The Hang Seng Index climbed 1.37 percent, or 329....

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.