Financial Markets – 12/9/2018

US

  • US stocks extended their positive start to the week, rising 0.4% yesterday. Telecoms and Energy were the primary outperformers for the session, while Tech stocks also extended gains after recent weakness.
  • On the agenda for the day, Apple is set to hold a big event at its new headquarters where it’s expected to announce several new products.
  • Energy rose 1%, benefiting from a sharp rise in oil. Crude prices gained 2.2% on the back of US sanctions on Iranian crude exports, and as the US east coast braces for a major hurricane.

 

Europe

  • Stocks in Europe finished mixed yesterday. The Euro Stoxx 50 index gained 0.1%, the German DAX fell 0.1% and the French CAC settled 0.3% higher.
  • Basic resources and autos were the biggest fallers Tuesday amid continued concerns of a trade war between the US and China. Conversely, oil and gas stocks outperformed as oil prices rose.

 

Asia

  • A muted session in Asia overnight. Japanese stocks fell 0.2% and Chinese equities settled 0.1% lower.

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