European indices flat ahead of Trump's conference

India Infoline News Service | Mumbai | January 11, 2017 15:57 IST

Financial stocks trading mixed today, as French lenders BNP Paribas and Germany’s Commerzbank inched up 0.2% and 0.4%, while Societe Generale dropped 0.2%.

European stock markets were flat-to-marginally up due to caution ahead of a key news conference by US President-elect Donald Trump later today.

Investors will look for cues on his tax and international trade policies at the press conference.

Meanwhile, financial stocks were trading mixed today, as French lenders BNP Paribas and Germany’s Commerzbank inched up 0.2% and 0.4%, while Societe Generale dropped 0.2%.

Volkswagen was up 1% after the company reached a $ 4.3 billion draft settlement deal with the US over its emission scandal.

FTSE 100, CAC 40 and DAX were trading higher by 0.2%.

Asian indices ended mixed as some markets recovered losses after strong economic data from China improved the outlook for the world's second-largest economy.

Japan's Nikkei 225 ended 0.3% higher, rising for the first time after three consecutive days of losses. Shanghai Composite decreased 14.58 points or 0.46% to 3,147.09 and Taiwan Weighted decreased 3.9 points or 0.04% to 9,345.74. 
 

Advertisements

  • FREE Demat A/c + Rs.2000 Cashback ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.