European markets, back on their right track

European markets, back on their right track

By: James Ansher | Where To Trade | On:Tuesday, 13 December 2016
Back

  The European markets were encouraged by the Italian bank stocks. Italy's largest lender, Unicredit, divulged an aggressive reestablishment plan.
The bounce back fed the idea that the banking sector can get over the recent problems. 

  In Europe, FTSE 100 in London went up 0.52%, DAX in Germany rose 0.86%, FTSE MIB in Italy went up 1.92%, while CAC 40 in France added 0.81%.

  In the United Kingdom, the annual rate of inflation rose by 1.2% in the month of November, reaching its highest level since October 2014. 
The price of imports in UK were pushed by the Brexit. (Britain's vote to leave the European Union).

  In November, the Bank of England declared that the inflation could increase by 2.8% by 2018. The Bank of England is expected to keep its interest rates steady at Thursday's meeting. 

  The pound went stronger after the reports and the GBP/USD pair went up 0.2% at 1.2705.

 

James Ansher

James Ansher

When there is a will there is a trade

A successful Forex trader and expert advisor

Citigroup Inc. is to pay $25 million amends

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Citigroup accepted to pay the amends without denying the accusation

Netflix added 7.1 million new subscribers

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By: Oliver Miller | Where To Trade | On:Thursday, 19 January, 2017

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Gold prices tumbled on Thursday, during the European morning trade

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By: Oliver Miller | Where To Trade | On:Thursday, 19 January, 2017

The gold prices dropped below $1.200

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