Ger30, UK100 and SP500 are CFD’s, written over the Dax30, Footsie100 and S&P500 Index futures:
European shares ended slightly low. The producers of raw materials led the losses, due to the strong fall in the price of metals. One should notice the losses of Rio Tinto, Anglo American, Arcelormittal and Glencore. Vodafone’s shares remained unchanged after the operator announced that it had established a strategic alliance with SoftBank in the area of mobile services for business customers. The company added that it would boost its operating and commercial activities to its business customers operating in Japan. Tesco rose 3.23% after Goldman Sachs upgraded its recommendation to “sell” to “buy.” Carrefour fell 0.99% on the day it was reported that French retailers Carrefour and Fnac Darty will create a partnership to jointly buy household appliances and consumer electronics in France. In terms of macroeconomic indicators, the PMI economic activity index for the Euro Zone during November rose from 56.00 in October to 57.50 in November. This was the highest level in over six and a half years.
At the close of European stock markets, Wall Street traded in positive territory but ended the session lower. The Nasdaq index was trading higher, with tech companies recovering from the selling pressure that has marked the sector since last week. The shares of Facebook, Amazon, Netflix and Alphabet were appreciating. The financial sector continued to benefit from Senate approval of the tax reform. Bank of America shares rose more than 0.70%, favored by the announcement of a share buyback plan worth 5000 M.USD. On the other hand, McDonald’s also gained ground, after Jefferies analysts raised their “keep” to “buy” recommendation. On the macroeconomic scenario, the ISM index for the services sector fell from 60.10 in October (up from the previous 12 months) to 57.40 in November. Economists estimated that this indicator had stood at 59.00.