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Stock Markets – Closing Note – 11 Sep
Ger30, UK100 and SP500 are CFD’s, written over the Dax30, Footsie100 and S&P500 Index futures:
European markets have traded slightly today, with most sectors down. The sentiment was conditioned by confirmation by the World Trade Organization that it will respond to China's request for the country to obtain permission to impose sanctions against the US for failing to comply with anti-dumping measures of the international entity. Thus, in face of investors' concerns about the relations between these two countries, commodity producers ended up leading losses in sectoral terms, with a depreciation of around 1%. ArcelorMittal fell 1.98% after news of rising its bid to buy Essar Steel. On the other hand, Apple's suppliers (such as STMicroelectronics) were penalized by the statements of the American President. Donald Trump said that the technology company is being hampered by the tariffs imposed on Chinese imports. Meanwhile, oil prices in the United States rose to levels close to $ 68 a barrel in face of mounting fears about the hurricane approaching the US East Coast that could condition production of this raw material. In terms of economic indicators, in Germany, the ZEW sentiment index of financial agents was better than expected, as it stood at -10.6 in September, compared to the -13.0 expected.
The US market reversed to positive ground after starting lower in today's session. At stake was the performance of the technology sector.
Ger30, UK100 and SP500 are CFD’s, written over the Dax30, Footsie100 and S&P500 Index futures:
European markets have traded slightly today, with most sectors down. The sentiment was conditioned by confirmation by the World Trade Organization that it will respond to China's request for the country to obtain permission to impose sanctions against the US for failing to comply with anti-dumping measures of the international entity. Thus, in face of investors' concerns about the relations between these two countries, commodity producers ended up leading losses in sectoral terms, with a depreciation of around 1%. ArcelorMittal fell 1.98% after news of rising its bid to buy Essar Steel. On the other hand, Apple's suppliers (such as STMicroelectronics) were penalized by the statements of the American President. Donald Trump said that the technology company is being hampered by the tariffs imposed on Chinese imports. Meanwhile, oil prices in the United States rose to levels close to $ 68 a barrel in face of mounting fears about the hurricane approaching the US East Coast that could condition production of this raw material. In terms of economic indicators, in Germany, the ZEW sentiment index of financial agents was better than expected, as it stood at -10.6 in September, compared to the -13.0 expected.
The US market reversed to positive ground after starting lower in today's session. At stake was the performance of the technology sector.