Stock indexes in euro area surrender modest gains

Thursday, 15. August 2019 10:04

Cautious optimism that equities are oversold waned on Thursday soon after a small rise in shares at exchanges in the Eurozone, while the British blue-chip index remained in the red. Yields on British and German sovereign debt due in ten and thirty years remained near record lows. China accused the United States of colluding "with radical criminal elements" in Hong Kong and being "involved in anti-China criminal activities" there.

Following a modest move higher upon the opening bell, the DAX returned to levels almost matching yesterday's finish, which was last lower on March 28. Deutsche Bank extended losses, tumbling 1.72% below €6 per share to the worst point since June 7. The French CAC 40 was also flat at 10:04 am CET with ArcelorMittal at the bottom of the pile, 0.97% in the hole. Societe Generale followed with a 0.79% fall. The FTSE 100 dropped 0.31% in London.

The euro advanced just 0.13% to $1.11534 and slipped marginally to £0.92338. The pound rose 0.15% to $1.20789. Gold was off session lows, trading 0.26% in the red at $1,512.55 per ounce.

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