Euro Shares up US-China Trade; Michelin Shares Gain

On Tuesday investors applauded positive signals surrounding the US-China trade talks, boosting European shares. While tire maker Michelin reported better-than-expected results helping the rally in European shares.

The pan-European STOXX gained 0.6 percent.

Germany DAX rose 1.1 percent.

Paris CAC 40 gained 0.8 percent.

In spite of challenging conditions, Michelin tire maker reported better than expected results, shares rallied over 10 percent in the best day for nearly a decade. The French tire maker is optimistic that for this year there will be further gains in operating profit.

Boosting the STOXX 600 automakers and suppliers in their domestic markets helped the rally and were the biggest gainers. With Germany’s Continental and Italy’s Pirelli amongst the top gainers.

Indices in London underperformed their peers in the euro-zone ahead of British Prime Minister Theresa May’s address to parliament, in her continued effort to gain support for her Brexit deal.

Credit Suisse said they are taking a neutral stance on global equities, citing headwinds that so far this year are threatening a rally in global equities. They said that there are mounting short term risks, but overall expect attractive total returns for this year on global equities.

Uncertainty, between the U.S. and the Beijing trade deal, could result in volatility and European Stocks could be weighed by political tensions in France, Germany, Italy with uncertainties on the outcome of Brexit.

Gucci shares fell 3.3 percent, failing to impress investors after posting better than expected results, but by mid-morning turned positive after luxury brand earnings forecast an upbeat Q1 outlook.

Germany steel-to-elevator maker ThyssenKrupp had warnings of a darkening global environment on the horizon and following a drop in their first-quarter results saw their shares fall2 percent.

That’s not all …

Plus500, the leading global CFD/Forex online trading broker is also issuing a warning regarding its profit and revenues after the company lost a third of its value. It cited the tightening of EU regulation as the cause. Release of the news also dragged down IG.

Let’s face it, with warnings coming from European companies and the U.S.-China trade deal, investors are being cautious.

But if you think about it, now is the time to build up your portfolio, which you can do with a dependable CFD/forex broker like Plus500.

Bottom Line?

Plus500 offers traders over 2000 assets to choose from, which includes currency pairs, commodities, stocks, indices, ETFs and cryptocurrencies like Bitcoin, Ethereum, Bitcoin Cash, Litecoin and Ripple.

You’ll discover why Plus500 is the leader in their field when you use their highly advanced and stable platform. It comes with all the tools necessary to make successful trades. Plus you get financial news and analysis and you can trade while you are on the go with your mobile, keeping up to date on all your trades.

Here are some of their perks:

• No commissions
• Highly competitive
• Excellent and experienced customer support
• Free demo account with virtual money to practice trades and hone your trading skills
• Training Academy
• An established and highly respected broker that is fully regulated by FCA, CySEC, and ASIC

Visit Plus500 Site

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Interested to Register with Other Recommended Brokers? Click Here!





Leave a Reply

You must be logged in to post a comment.