Thursday 5th: European markets are mixed, Sterling suffers

Discussion in 'General Trading Discussion' started by WaveWage, Nov 5, 2015.

  1. WaveWage

    WaveWage Well-Known Member

    Sep 2015
    Likes Received:
    Bank of England (U.K.'s central bank) thought it would be a good idea to keep the interest rates at the current levels. The U.K. inflation is thought to stay below 1% before 2016 and for that reason, they want to keep the inflation at that level and not let the deflation enters. This obviously affected the U.K. market and the Sterling is now at a week-low level.

    On the other side, there's a stronger dollar affecting European markets and there's another part of earnings that got published. Societe General, the French bank, had a Q3 net profit that rose +27%.

    The numbers now:
    FTSE 100 is down -0.75% or -47.98 pts at 6,364.90 pts. DAX 30 is at 10,887.74 pts with +0.39% or +42.50 pts. CAC 40, best performer quoted here, got +0.64% or +31.75 pts at 4,980.04 pts. Finally, IBEX 35 did -0.40% or -42.30 pts at 10,431.20 pts.

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