EUROPE MARKETS: European Stocks Weighed By G-20 Gloom, Caution Before French Debate

Datum : 20/03/2017 @ 15h46
Quelle : Dow Jones News
Name : FTSE 100 (UKX)
Kurs : 7281.57  34.8 (0.48%) @ 17h35
FTSE 100 share price Chart

EUROPE MARKETS: European Stocks Weighed By G-20 Gloom, Caution Before French Debate

FTSE 100
Index Chart

1 Jahr : Von Feb 2017 bis Feb 2018

Click Here for more FTSE 100 Charts.

By Carla Mozee, MarketWatch

Stoxx Europe 600 gives back part of last week's advance

European stocks slipped Monday, with the week starting on a downbeat note in the wake of a Group of 20 meeting that stoked tensions about global trade.

The Stoxx Europe 600 gave up 0.1% to 378.01, with the oil and gas, basic materials, consumer services and financial sectors lower. The pan-European index on Friday ( 0.2% and logged its strongest closing since December 2015. The benchmark last week rose 1.4%.

Among decliners Monday was Deutsche Bank AG (DBK.XE) (DBK.XE) . Shares fell 2.9% as the German lending heavyweight said it will issue 687.5 million new shares at EUR11.65 each, to raise EUR8 billion ($8.6 billion) as it moves to shore up capital. Deutsche Bank earlier this month ( said it would make such a move.

G-20: Over the weekend, finance ministers and central bankers from the world's largest economies ( met in the German spa town of Baden-Baden. The G-20 finance officials dropped a pledge against protectionism in a policy statement, a move pushed by U.S. Treasury Secretary Steven Mnuchin.

"Even though the changes do not necessarily imply an intention to impose trade remedies and ramp up protectionism, we continue to think that the U.S. administration will pursue a more aggressive position on international trade and pivot away from multilateralism," said Citigroup economist Ebrahim Rahbari, in a research note. "Our base case is still cautiously benign, but we see a major rise in protectionism as one of the main risks to the global outlook."

The European oil group fell 0.6% as oil prices dropped, ( with some analysts saying pressure came as the G-20 officials dropped the stance against protectionism. West Texas Intermediate oil fell more than 1% to trade closer to $48 a barrel.

France: The top five candidates running in France's presidential race will debate tonight. The debate follows an Ipsos poll on Friday that showed far-right candidate Marine Le Pen with a 1 percentage point lead over centrist hopeful Emmanuel Macron, at 27% to 26%, in first-round voting set for April 23. Macron picked up a percentage point in the latest poll.

"A strong showing by Le Pen could add momentum to her campaign and considering her anti-European views, it may prove a cause for euro weakness," wrote Charalambos Pissouros, senior analyst at IronFX Global.

The poll, published in Le Monde, also showed Macron winning over Le Pen in second-round voting, by 61% to 39%.

Brexit: The U.K. government said British Prime Minister Theresa May will trigger the Article 50 bill on March 29 ( to begin the process of leaving the European Union. The pound swung to an intraday low of $1.2364 after earlier trading at a three-week high above $1.24.

Indexes: Germany's DAX 30 index fell 0.2% to 12,074.55, and France's CAC 40 shed 0.1% to 5,026.17.

The FTSE 100 gave up 0.1% at 7,415. (

The euro was buying $1.0757, up from $1.0738 late Friday in New York.

Economic data: German producer prices rose 0.2% ( in February, as prices at factory gates recorded their strongest annual rise in over five years.

Eurozone wages increased at a slightly faster pace ( in the final three months of last year, said Eurostat.


(END) Dow Jones Newswires

March 20, 2017 10:31 ET (14:31 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
Kürzlich von Ihnen besucht
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

Der Markt LS (Lang&Schwarz) wird als Realtime Indikation kostenlos angezeigt und bietet Ihnen außerbörsliche Realtime Aktienkurse in der Zeit von Mo-Fr 08:00 bis 23:00, Samstags 10:00 bis 13:00 und Sonntags an.
NYSE und AMEX Kurse sind um mindestens 20 Minuten zeitverzögert.
Alle weiteren Kurse sind um mindestens 15 Minuten zeitverzögert, sofern nicht anders angegeben.
P:41 V:de D:20180222 02:28:52