Ger30, UK100 and SP500 are CFD’s, written over the Dax30, Footsie100 and S&P500 Index futures:
European markets traded unchanged in the face of a sentiment of expectation in a week marked mainly by the meetings of the European and North American Central Banks. Raw material producers led the gains, after Australia’s Mineral Resources launched an offer on AWE that surpassed the offer made by a Chinese company. Metal prices reacted positively to this news. The banking sector has also figured as one of the best performers, with investors forecasting an increase in interest rates by the Fed and the ECB’s announcement of economic forecasts for the euro area. HSBC rose 2.13 percent after the US Justice Department dismissed charges it has had since 2012 against the British institution. On the contrary, technology companies and utilities have traded downward. France’s EDF fell about 2.50%.
On Wall Street, the week began in a positive light, with investors looking forward to the US Federal Reserve meeting on monetary policy. However, the explosion in New York contributed to some uncertainty, sparking geo-political fears.