Daily market review – July 5th 2017

dynamics-ax-bi

This morning the trading on the European stock exchanges is going down.
London is unchanged, Frankfurt drops by 0.2%, Paris retreated by 0.3%.

The trading in most of Asian exchanges was conducted with price hikes.
Tokyo added 0.2%, Hong Kong rising by 0.6%, Shanghai rises by 0.4%.
Seoul rose by 0.3%.
The Japanese yen is up 0.1% against the US dollar to 113.23 yen per dollar.

The European Union has given the Italian government its official approval for the rescue the bank of Monte di Pesque di Siena in a package worth 5.4 billion euros ($ 6.1 billion).
After months of negotiations, the European Commission has approved the bailout of the bank, which needs help to survive even though regulators have declared it insolvent.
The bank ofMonte di Peschi is the oldest bank in Italy, appealed to the government for help after failing to raise capital from investors in December.

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