There are sharp falls in bank shares in Europe
The declines in Europe continues, led by bank shares.
Frankfurt and Paris are down by 1.5%, London by 0.9%.
The shares of banks in Germany and Italy leads the sharp declines.
Market News Briefing – 07:30 (GMT+1)
Yesterday, the oil fell below 40 dollars a barrel, losing 20% of its value in June
WTI oil plunged by nearly 4% yesterday to below $ 40 per barrel and entered a bear market, which reflects a decrease of 20%.
The Brent crude oil also fell yesterday by 3.5%, to a price of 42 dollars per barrel.
Breaking news – 07:00 (GMT+1)
The Reserve Bank of Australia lowered the interest rates to historic lows today, just like the analysts has expected.
The interest decreased by 0.25% to 1.5%, the lowest ever, claiming that the inflation remains quite low.
Market News Briefing – 15:00 (GMT+1)
The US ISM Manufacturing sector fell in July to 52.6 points, compared to 53.2 in June.
Market News Briefing – 14:00 (GMT+1)
The future contracts on Wall Street pointing to an increases of up to 0.2% leading indices.
Last Friday the stock markets closed with a mixed trend and completed a fifth consecutive month of increases.
Breaking news – 09:30 (GMT+1)
UK:
The purchasing managers index for July, the first measure since the kingdom has decided to disengage from the EU pointed to 48.2 points compared with 49.1 points recorded in June, when it was the analysts’ forecasts as well.
Reading below 50 points indicates about an economic contraction.
Market News Briefing – 07:30 (GMT+1)
A decline in production in China
According to figures released today, the official purchasing managers’ index of the Chinese government fell to 49.9 points in July, compared to 50 points in June.
The index was also lower than what the analysts expected, a rise to 50.1 points.
Market News Briefing – 13:35 (GMT+1)
Disappointing growth figure in the US for the second quarter!
The expectation was to an expansion of 2.6% in the US economy, but actual growth was 1.2%.
In response to the US dollar began to fall against other leading currencies.
Market News Briefing – 13:30 (GMT+1)
A mixed trend of the trading day is expected on Wall Street
The trading day on Wall Street is expected to open mixed trend with a tendency to decline, due to the continued publication of financial statements of the leading companies.
The growth figure for the second quarter will be released before the opening of trading day and it is expected to vote on expansion of 2.6% in the US economy.
Breaking news – 11:30 (GMT+1)
The Euro zone growth stood at 0.3% in the second quarter.
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