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Stock Markets – Closing Note - 9 Oct
Ger30, UK100 and SP500 are CFD’s, written over the Dax30, Footsie100 and S&P500 Index futures:
Most European markets closed higher despite continued investor concerns about tensions between Italy and the European Union. On a day of parliamentary debate on the State Budget, the Italian stock market ended with a gain of more than 1%. The main catalyst for the rise was the skepticism shown by the Court of Auditors in relation to some items of the State Budget which could force the Government of Rome. In sectoral terms, the losses of the pharmaceutical sector contrasted with the gains registered by the Oil sector. Oil prices rose on international markets, the day the International Energy Agency warned that oil prices are rising too much, risking threatening the growth of the global economy. This agency calls on OPEC and other major producers to increase their supply. In Paris, Air-France-KLM registered a significant increase (5.19%), in the expectation that it will reach an agreement with the unions.
The US market traded in different directions on a day marked by the retreat of Treasury Bond yields from highs reached in recent days. The S & P500 saw slight gains, led by consumer discretionary companies and utilities. Alphabet shares were slightly appreciated. The company presents today its new smartphones Pixel, with Google Pixel 3 and 3XL to be revealed of official form. The Mountain View company event will feature two smartphones, a ChromeCast and a Pixel Slate.
Ger30, UK100 and SP500 are CFD’s, written over the Dax30, Footsie100 and S&P500 Index futures:
Most European markets closed higher despite continued investor concerns about tensions between Italy and the European Union. On a day of parliamentary debate on the State Budget, the Italian stock market ended with a gain of more than 1%. The main catalyst for the rise was the skepticism shown by the Court of Auditors in relation to some items of the State Budget which could force the Government of Rome. In sectoral terms, the losses of the pharmaceutical sector contrasted with the gains registered by the Oil sector. Oil prices rose on international markets, the day the International Energy Agency warned that oil prices are rising too much, risking threatening the growth of the global economy. This agency calls on OPEC and other major producers to increase their supply. In Paris, Air-France-KLM registered a significant increase (5.19%), in the expectation that it will reach an agreement with the unions.
The US market traded in different directions on a day marked by the retreat of Treasury Bond yields from highs reached in recent days. The S & P500 saw slight gains, led by consumer discretionary companies and utilities. Alphabet shares were slightly appreciated. The company presents today its new smartphones Pixel, with Google Pixel 3 and 3XL to be revealed of official form. The Mountain View company event will feature two smartphones, a ChromeCast and a Pixel Slate.