First day of trading without the UK: increases in leading indices on the European stock exchanges
Rainier shares leap after the company reported a move to earnings; China's stock exchanges returned to trading after a long vacation: Shanghai collapsed 7.7% and Shenzhen plunged 8.5%; The Bank of China is pouring $ 1.2 trillion into repo operations markets
UK Prime Minister on departure from EU (Photo: Reuters)
British Prime Minister Boris Johnson not to retire from the EU, 31 January 2020 (Photo: Reuters)
Trading Overview: Current Reports, Trends, Indices, Stock Exchanges, Bonds, Forex and Commodities and Analyst Recommendations
11:30
Europe's leading indices were trading higher at 0.4% -0.2%.
Negotiations between UK and EU on trade agreement expected to be heated after British Foreign Minister said over the weekend that Britain "will not align with EU rules" in any trade deal signed after the Barcasit. Red lines "are stiff before the calls begin.
In some European countries, various macro indices are published today. In Germany, the Manufacturing Managers Index was published in January, which rose by 45.3 points, against expectations of 45.2 points, and 43.7 points in December.
In the eurozone, the index was 47.9 points in January, compared with 47.8 points and 46.2 points in December.
In the UK, the PMI recorded a given 50 points in January compared to 49.8 points and 47.5 points the previous month.
Low-cost Rainier Airline shares are up 4% after the company announced today that it is expanding its Beebec (share buy-back program) by the end of July. The company reported that it made a net profit in the fiscal third quarter of 2020. In the three months ended December 31, net profit amounted to approximately € 88 million, compared to a loss of approximately € 66 million in the third quarter of fiscal 2019.
10:15
Trading in European markets opened on Monday morning, which changed later on to a mixed trend on minor changes in the leading indices. Investors seem to have calmed down by fears of the UK leaving the EU, which took place last Friday, and recent developments in the Corona virus front.
The Stokes Europe 600 Index fell less than 0.1% and the rest of the key indices traded around opening levels. Today is the first day of trading in Europe since the Barcasit, after Britain left the Union on Friday night, it is now beginning an 11-month transition period, which, it is hoped, will sign a trade agreement with Europe.
In Asia, trading on the Shanghai Stock Exchange closed down by 7.7% and the Shenzhen Stock Exchange plunged by 8.5% after trading in China resumed after a long vacation. The number of deaths from the virus reached 361.
07:00
The Shanghai and Shenzhen stock exchanges in China collapse Monday with the opening of trading week by more than 8%. It is the first trading day on the stock market in mainland China after a long holiday break, with the backdrop of the corona virus outbreak, which has killed more than 300 people.
The Shanghai and Shenzhen indices, which are losing more than 8%, have already plunged at a higher rate of trade of almost 9%.
The Central Bank of China announced on Monday that liquidity flows worth 1.2 trillion yuan (about $ 173 billion) into the markets through reverse repo operations. According to the bank, the total liquidity of the system will be 900 billion yuan (about $ 130 million) more than the same period last year.
Hong Kong has seen a slight 0.1% rise in the Heng Seng index, and in Tokyo the Nikki index falls by more than 1%. Similar declines are recorded in the Australian S & P / ASX 200 index, and a 0.4% decline is recorded in Seoul.
Sharp declines were seen in Wall Street trading on Friday amid concerns over the spread of the Corona virus and the impact on the economy. The Dow has plunged by more than 600 points (2.1%) and recorded the worst day since August. The S&P 500 fell 1.7%, and the Nasdaq fell 1.6%.
A private survey on China's manufacturing operations released today showed that it expanded in January. The Markit / Caixin manufacturing executives index stood at 51.1 points in January, below 51.3 points, and a 51.5 point in December. An index of over 50 points indicates expansion.
Last Friday, the Chinese Bureau of Statistics announced that the country's official procurement index stood at 50 points in January, suggesting a stalemate in growth.
Good to Know (Promoted Content) Good to Know (Promoted Content)Exclusive offer - Try a free service that will save your life
In collaboration
To the full article
