Tuesday, 26 July 2016 11:09

European stocks show mixed performance

On Tuesday, European shares demonstrated mixed performance as market participants were still cautious ahead of this week’s policy gatherings by the ECB and BOJ.

The EURO STOXX 50 managed to gain 0.07%, French CAC 40 sank 0.21%, while Germans DAX 30 earned up to 0.06%.

Positive American data issued that week kept backing hopes for a rate lift by the US major bank in the nearer future.

While the vast majority of market participants expect the Fed to leave its monetary policy intact this week, it could provide hints on the timing of future rate lifts.

Apart from that, market participants were also looking ahead to Friday’s policy statement by the Bank of Japan, amid surging hopes for the announcement of extra stimulus measures.

Financial shares were mostly lower, as French lenders Societe Generale along with BNP Paribas headed south 0.73% and 0.66%, respectively, while German Deutsche Bank as well as Commerzbank went down 2.65% and 3.92%.

As for peripheral lenders, Italian Intesa Sanpaolo as well as Unicredit dipped 0.65% and 0.96% respectively. Meanwhile, Spanish banks Banco Santander along with BBVA dropped 0.21% and 0.39% respectively. 

Published in Stock Markets

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