Inauguration Presidin Donald Trump European Stock Markets Mixed

PT Equityworld – European stock markets moved mixed in trading Friday (20/01) and a speech ahead of the inauguration of US President-elect Donald Trump.

Pan-European STOXX 600 index trading day with memmulai fell by 0.3 percent, with most sectors trading in negative territory.

The FTSE is at 7207.76, down -0.68 points or -0.01%

The DAX was at 11596.33, down -0.56 points or 0% Ersen

CAC is at 4850.48, up 9:34 points, or 0.19%

IBEX 35 index was at 9408.80, up 29.70 points or 0.32%

Investors seem to be taking a cautious approach because they are waiting for clarity on what the new US administration will do.

Basic resources sector down more than 1.2 percent on a stronger dollar.

The auto sector was also down 0.6 percent in early trade. Former Volkswagen CEO said he had no prior knowledge of fraud diesel emissions.

In the business world, another French company is trying to get in the Italian market. Luxury goods group LVMH is to buy up to 10 percent of the group Marcolin eyeglasses. Its shares fell slightly on Friday morning.

Edenred is the worst performer in early trading Friday, down more than 3 percent. According to Reuters, Colony’s Colday E, the major shareholder, sold its stake in the company for 500 million euros ($ 533 million). Shares of Royal Mail, which is under European indexes on Thursday, fell in early trading more than 2.8 percent.

President-elect Trump is expected to take the oath of office at around 17:00 am London time.

Meanwhile, the market has digested the news from the European Central Bank, which said on Thursday that they will keep monetary policy loose for memeprtahankan was necessary. Despite some positive inflation data, the central bank is still far from reaching the target of 2 percent.

Tonight will be held the inauguration of US President terplih Donald Trump. It is estimated that Trump’s speech after the inauguration to provide support for economic policy program, it will strengthen Wall Street.

read World Oil Prices Rise Thin 2% After meeting Petroleum Producers | PT Equityworld

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