European stock exchanges closely monitor trade reports, trends, indices, stocks, bonds, foreign exchange and commodity prices as well as analyst recommendations. As of 1:10 PM, the DAX was up 0.2%, CAC was down 0.2%, and Potsy was down 0.5%. Most stocks on the London Stock Exchange were trading down with companies such as Ocado Group, Shell, BP, HSBC and Lloyd’s Banking seeing their share prices fall.
On Wall Street, Ido reported strong third-quarter earnings with the company’s shares up 2.3% in pre-trade. Inflation in the eurozone fell sharply in October to 2.9% from 4.3% the previous month, sparking discussions about potential future interest rate changes led by the Central Bank of Spain and France.
European trade continued to show mixed trends and little fluctuation with equity indices remaining largely unchanged as of 11:40 AM. Most stocks are trading with changes of up to one percent here or there with exceptions such as Volvo which fell 2.5%, and group Ocado which fell 3.4%. Real estate stocks in Asia are also on the rise following government pledges to support them.
At 10:20 AM Europe opened with a mixed trend with the DAX up 0.2%, the CAC and FTSE down around 0.1%. Investors in Europe are waiting for news from senior officials of the Central Bank of Europe while inflation in the Eurozone has decreased significantly since yesterday’s opening price report came out at around an hour earlier than expected due to concerns over supply cuts in oil markets that may affect global economic growth prospects for next year according to some analysts who have already begun cutting their forecasts for GDP growth rates across developed countries including Germany where unemployment remains high despite a decline last week from a record level set last year due mainly to seasonal factors rather than any structural improvement caused by government policies or other factors such as global trade tensions between China and US that have been affecting both countries’ exports and imports leading to declines in commodity prices particularly oil which is used widely in many industries including transportation fuel consumption that accounts for a large portion of total energy consumption worldwide according to various sources including World Energy Outlook by International Energy Agency (IEA) which predicts that global oil demand will increase slightly this year thanks to an expected rebound in Chinese economic activity after several years of slowdown caused by structural reforms aimed at reducing debt levels but also due to uncertainty surrounding US election results where President Trump has so far refused