Ger30, UK100 and SP500 are CFD’s, written over the Dax30, Footsie100 and S&P500 Index futures:
European stock markets ended lower, with most sectors reporting this behavior. The financial sector was among the worst performers, with investors worried about US tax reform. In Paris, EDF depreciated, after lowering the estimates of results and cash flow for 2018 due to the lower expected energy consumption, the lower availability of some of its nuclear reactors at the beginning of 2018 and a decrease in the capacity of compensation in Great Britain. Meanwhile, oil prices traded slightly higher, after OPEC raised its prospects for oil demand in 2018.
The US market opened on a downward trajectory, pressured by the decline in General Electric shares and renewed decline in yields. The conglomerate’s shares fell more than 6 percent after the anouncement of a 50 percent cut in the dividend to be distributed at a time when the company is conducting a restructuring plan. Retailers Procter & Gamble and Home Depot (which reports quarterly results tomorrow) as well as Boeing shares helped to limit higher losses.