DAX in Germany traded 1.5% higher, the CAC 40 in France rose 1.6%, while the U.K.'s FTSE index was up 0.8%.
Capgemini (PA:CAPP) stock rose 2.3% after the French consulting and IT services provider said it expected double-digit revenue growth in 2020 driven by a gradual second-half recovery.
Staying in France, Iliad (PA:ILD) gained 0.6% after the telecommunications company reported rising first half net profit and revenue despite taking a hit from the coronavirus pandemic. Drinks companies Remy Cointreau (PA:RCOP) and Campari (MI:CPRI) both hit their highest level in a year.
U.S. crude futures traded 0.7% lower at $41.23 a barrel, while the international benchmark Brent contract fell 1% to $43.99. Both benchmark contracts saw falls of more than 2% on Wednesday, with WTI sliding to its lowest close in nearly four weeks and Brent at its lowest since Aug. 21. Gold futures fell 0.2% to $1,941.35/oz.
GBP/USD drops to 1.3328, down 0.17% on a day, while heading into the London open on Thursday. In doing so, the Cable extends the previous day’s losses, piled mainly due to the downside comments from the BOE members, Brexit pessimism and the broad US dollar recovery. EUR/USD is down for the third consecutive session on Thursday, coming under renewed and strong selling pressure in response to the pick-up in the demand for the greenback and profit taking in the riskier assets. Dollar Index, which tracks the greenback against a basket of six other currencies, was up 0.2% at 93.058, moving around 1% above the 28-month low it hit against a basket of currencies on Tuesday, and threatening its first back-to-back daily gains since June.
3 Sept 2020
Financial Market News 03.09.2020 Stocks & FX
DAX in Germany traded 1.5% higher, the CAC 40 in France rose 1.6%, while the U.K.'s FTSE index was up 0.8%.
Capgemini (PA:CAPP) stock rose 2.3% after the French consulting and IT services provider said it expected double-digit revenue growth in 2020 driven by a gradual second-half recovery.
Staying in France, Iliad (PA:ILD) gained 0.6% after the telecommunications company reported rising first half net profit and revenue despite taking a hit from the coronavirus pandemic. Drinks companies Remy Cointreau (PA:RCOP) and Campari (MI:CPRI) both hit their highest level in a year.
U.S. crude futures traded 0.7% lower at $41.23 a barrel, while the international benchmark Brent contract fell 1% to $43.99. Both benchmark contracts saw falls of more than 2% on Wednesday, with WTI sliding to its lowest close in nearly four weeks and Brent at its lowest since Aug. 21. Gold futures fell 0.2% to $1,941.35/oz.
GBP/USD drops to 1.3328, down 0.17% on a day, while heading into the London open on Thursday. In doing so, the Cable extends the previous day’s losses, piled mainly due to the downside comments from the BOE members, Brexit pessimism and the broad US dollar recovery. EUR/USD is down for the third consecutive session on Thursday, coming under renewed and strong selling pressure in response to the pick-up in the demand for the greenback and profit taking in the riskier assets. Dollar Index, which tracks the greenback against a basket of six other currencies, was up 0.2% at 93.058, moving around 1% above the 28-month low it hit against a basket of currencies on Tuesday, and threatening its first back-to-back daily gains since June.
2 Sept 2020
Financial Market News 02.09.2020 Stocks & FX
DAX futures contract in Germany traded 0.6% higher, CAC 40 futures in France climbed 0.7%, while the FTSE 100 futures contract in the U.K. rose 0.8%.
Unilever (NYSE:UL) said Wednesday it would invest 1 billion euros to eliminate fossil fuels from its cleaning products by 2030.
The banking sector was also in focus, after the Swiss financial supervisor said it has opened enforcement proceedings against Credit Suisse (SIX:CSGN) over a 2019 spying affair, in which it hired investigators to track a departing manager. The Danish financial watchdog was also launching a probe into Danske Bank (CSE:DANSKE) over its handling of debt collection errors.
Oil prices posted gains Wednesday, boosted by a larger-than-expected drop in U.S. crude stockpiles and signs of recovery in the manufacturing bases of both the U.S. and China, the two largest economies in the world. U.S. crude futures traded 0.9% higher at $43.16 a barrel, while the international benchmark Brent contract rose 0.9% to $45.98. Gold futures fell 0.4% to $1,970.70/oz.
GBP/USD: Keeps losses from yearly top below 1.3400, BOE’s Bailey eyed. EUR/USD: Ingredients are in place for a resumption of the rally. Dollar buoyed by upbeat U.S. economic data.
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