European indexes ended trading session with slight increase

Noam Stiekema

The European markets still experiencing the positive effects of the promises of Mario Draghi as action against inflation, given at the end of last week. On Friday, the European indexes recorded strong growth after the European Central Bank (ECB) announced the start of the program to stimulate the European economy, China’s central bank unexpectedly cut […]

Trade session

Trade sessionThe European markets still experiencing the positive effects of the promises of Mario Draghi as action against inflation, given at the end of last week. On Friday, the European indexes recorded strong growth after the European Central Bank (ECB) announced the start of the program to stimulate the European economy, China’s central bank unexpectedly cut interest rates in the country. Today the changes are more limited – Stoxx Europe 600 rose by 0.14% to a level of 345.71 points, in the early hours of trade index increase in value by half percent.

Banks, part of the index, were among the big winners today. Shares of Societe Generale rose by just over 2% to a price of 38.80 euros per share. Growth in the shares of Banco Santander was 2.5%.

The main index of the Frankfurt Stock Exchange DAX 30 index increased by 0.54% to 9,85.54 points. Underlying growth is the data for the increase in business climate index prepared by Ifo, in November to a value of 104.7 points to 103.2 points in October. The result was better than market expectations and sparked excitement among traders.

The French CAC 40 rose with 0.49% to 4,368.44 points. One of the main indices of the London Stock Exchange – FTSE 100, however, ended on red territory the first session of the new week. The value of the index heavy trading in shares of Petrofac. The price fell by 26.4% to a level of 877.50 pence after the company revised its profit forecast this year. Mining companies also erased gains from Friday when the price of metals rose. Today, shares of Anglo American fell with 1.88%, while Rio Tinto lost 2.15% from its market capitalization during the trading session.

Read this next

Digital Assets

Binance executives sue Nigerian authorities over rights violation

Two senior executives from Binance have filed a lawsuit against against Nigeria’s national security adviser’s office and its anti-corruption agency, alleging violations of their fundamental rights.

Retail FX

Banxso announces 8.7% interest rate on deposits in South Africa

“With Banxso, they can enjoy the benefits of both worlds – earning competitive interest and having the freedom to trade, all within the same platform.”

Industry News

FINRA to publish transaction details in U.S. Treasury securities

“Consistent with our longstanding practice, FINRA is introducing greater transparency in a calibrated and careful manner, benefiting liquidity and resilience in this critical market while also mitigating potential information leakage concerns.”

Institutional FX

OpenYield launches “cheap and easy” fixed income trading for brokers

“We’re on a mission to make bonds cheap and easy to trade, and are excited about the opportunity to build generational capital markets infrastructure.”

Digital Assets

Sumsub and Mercuryo publish a guide for VASPs: “Mastering Travel Rule Compliance”

“At Sumsub, we’ve concentrated our efforts on filling the gap in understanding the complexity of Travel Rule regulation and helping organizations find the best solution to stay safe and compliant while minimizing costs and avoiding potential risks of non-compliance. This guide we created with Mercuryo, our trusted partner, is the ultimate navigation tool all VASPs can consult.”

Digital Assets

Bitget Wallet Leads with Record Swap Volume & New Crypto Innovations

This week, Bitget Wallet achieved a milestone by surpassing Metamask with a record 388,757 Swap order transactions, securing the global lead. The significant 7-day trading volume, almost 68,000 more than its rival, underscores its liquidity and user trust. This robust activity signals Bitget Wallet’s prominent role and reliability in the dynamic crypto market.

Digital Assets

Embarking on a Digital Currency Journey

Imagine you’ve stumbled upon a treasure map, leading you to untold riches hidden in the vastness of the internet. Instead of gold coins and jewel-encrusted goblets, this treasure comes in the form of digital currencies, the modern-day loot coveted by many.

Reviews

Traders Union Experts Share The Trading Analyst Review For 2024

Navigating options trading in rapidly shifting markets poses a considerable challenge. This is where options trading alert services become invaluable. They aid traders in keeping abreast of evolving opportunities and market trends. In this assessment, Traders Union experts scrutinize The Trading Analyst alert service to ascertain its efficacy. 

Digital Assets

BlockDAG’s Presale Achieves $9.9M: Aiming For A 5000-Fold ROI As Cardano’s Price Rises And Fantom Launches Sonic

Explore Cardano’s surge, Sonic’s efficiency, and why BlockDAG’s growth makes it the top crypto choice. A deep dive into the future of blockchain investments.

<