empty
 
 

विदेशी मुद्रा विश्लेषण और समीक्षा: Weak euro and strong reporting provide European stock market with strong growth
time 16.08.2022 11:45 PM
time Relevance up to, 17.08.2022 06:02 PM

The key stock indicators of Western Europe showed an increase on Tuesday. Market participants are closely watching the permanent weakening of the euro against the US dollar. In addition, investors are focused on the quarterly reports of the largest European companies.

This image is no longer relevant

Thus, by the time of writing, the composite index of the leading European companies STOXX Europe 600 increased by 0.26% - up to 443.48 points.

Meanwhile, the French CAC 40 gained 0.29%, the German DAX climbed 0.55% and the UK FTSE 100 gained 0.56%.

By the way, in Tuesday's trading, the stock index CAC 40 is close to the highest level since April 21.

Rising and Falling Leaders

German food delivery service Delivery Hero SE soared 6.9%. The day before, the company confirmed its financial targets for 2022 and said it expects a 7% growth in turnover in the next quarter.

Dutch consumer goods and medical equipment maker Royal Philips NV rose 2.7%. News broke on Tuesday that the company had named Roy Jacobs as its new CEO. Jacobs plans to take up duties on October 15.

The market capitalization of British-Australian mining giant BHP Group, Ltd. rose by 4.2%. According to the results of the fiscal year ended in June, the company increased its net profit by a record 26% to $30.9 billion from $11.3 billion a year earlier. The bottom line was BHP's highest earnings since 2011 on the back of rising commodity prices.

Glencore rose 3.77%, British Petroleum 0.66%, ArcelorMittal 1.95% and Rio Tinto PLC 2.43%.

Danish jewelry company Pandora AS fell 7.2% on Tuesday. In April-June, the company reduced its net profit, but increased its revenue and confirmed its full-year forecast.

Swedish retailer Hennes & Mauritz AB slipped 0.2%. The company's products have returned to the Chinese online platform Tmall after a year and a half of absence from the site due to the company's decision to stop purchasing from the Xinjiang Autonomous Region of China.

British fashion chain Ted Baker PLC jumped 16% after US-based Authentic Brands agreed to buy the company in a $254.26 million deal.

What's Going on in the Market Right Now?

The focus of European investors on Tuesday is the losing ground of the euro. Thus, the euro's rate against the US dollar has already fallen by 0.29% - to 1.0131 on Tuesday. The weakening of the euro position provides significant support to the relative income of exporting companies from the euro region.

The main reason for the depreciation of the currency, market analysts call weak macroeconomic statistics from Europe.

It became known on Tuesday morning that the deficit of the foreign trade balance of the eurozone states fell to 24.6 billion euros in June from 26.3 billion, noted in May. At the same time, experts previously predicted a deficit of 20 billion euros.

Meanwhile, the unemployment rate in the UK in April-June amounted to 3.8% amid a more cautious attitude of companies to hiring staff. By the way, the final figure coincided with market forecasts. The number of people employed in the economy over the same period increased by 160,000. Analysts expected an increase of 256,000. At the same time, the number of vacancies in Britain decreased for the first time since mid-2020.

Later on Tuesday, European investors await the release of the August Economic Sentiment Index (ZEW) in Germany. This index will be the subject of careful analysis by market participants in order to look for signs of a decline in confidence in the German economy.

Trading Results the Day Before

Last Monday, European stock indicators showed a moderate rise amid corporate news. In addition, market participants analyzed the latest information from China on the reduction of the key rate by the central bank amid weak data on the country's economy.

As a result, the composite index of leading European companies STOXX Europe 600 increased by 0.34% to 442.35 points. The highest results among the components of the index were shown by the securities of the low-cost airline Wizz Air Holdings PLC, which rose in price by 7.5%.

Meanwhile, the French CAC 40 rose 0.25%, the German DAX gained 0.15% and the UK FTSE 100 climbed 0.11%.

The value of securities of the British-Swedish pharmaceutical company AstraZeneca PLC rose by 2.3%. Managers of the drug manufacturer reported that the anti-cancer drug Enhertu, developed jointly with the Japanese Daiichi Sankyo, slowed the progression of a form of breast cancer in patients. This announcement by AstraZeneca management raised the prospects for new approvals from healthcare regulators.

The market capitalization of German food delivery service and food kits HelloFresh soared 2.7%. The company reiterated its full-year guidance and said it expects revenue growth of 18% to 23%.

Quotes of the German consumer goods company Henkel AG & Co. St increased by 1%. The day before, it reported that in the first quarter of fiscal 2022, it increased sales by 8.9%, but reduced profits amid rising prices for raw materials and transportation.

The share price of the British consulting company TP Group PLC increased by 2.9%. On Monday, it released audited financials for last year, showing its pre-tax loss rose to $9.7 million year-on-year.

The value of securities of the Dutch aircraft manufacturer Airbus SE increased by 0.4% due to the news of the purchase of 20 A330-900 aircraft from it by the Malaysian company Malaysia Aviation Group.

The market capitalization of Scandinavian air carrier SAS AB soared 6.7%. It previously received a $700 million loan from the American investment company Apollo Global Management, Inc. as part of the restructuring plan.

On Monday morning, Chinese media reported that the People's Bank of China injected about $60 billion into the country's financial system as part of the medium-term lending program (MLF).

In addition, the central bank reduced the interest rate on loans for a year, issued under the MLF, by 10 basis points - to 2.75% from 2.85%. Traditionally, the rate cut signals a slowdown in the Chinese economy in the past month.

Analysts say the world's second-largest economy has yet to recover from the damage caused by severe coronavirus restrictions.

Thus, in July, the indicator of the country's industrial production increased by 3.8% in annual terms compared to 3.9% in June. At the same time, economists predicted growth of 4.6%.

Retail sales in China rose 2.7% from a year earlier. At the same time, experts predicted an increase in the indicator by 5%.

European stock market participants analyzed data from China with great caution and avoided drastic steps. At the same time, protective assets - securities of European healthcare and telecommunications companies - became the key upward factor for the indices on Monday.

An additional catalyst for the growth of European stock markets was also macroeconomic statistics for the region. Thus, in April-June 2022, the Danish economy grew stronger than the market predicted - by 0.7% compared to January-March.

Meanwhile, the growth of wholesale prices in Germany in the past month decreased to 19.5% in annual terms after the growth of 21.2% in June. On a monthly basis, prices decreased by 0.4%.

Irina Maksimova,
InstaForex के विश्लेषणात्मक विशेषज्ञ
© 2007-2022
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

  • ट्रेड वाइज़, विन डिवाइस
    कम से कम $500 के साथ अपने खाते में टॉप अप करें, कॉन्टेस्ट के लिए साइन अप करें और मोबाइल डिवाइस जीतने का मौका पाएं।
    कॉन्टेस्ट में हिस्सा लें
  • इंस्टाफॉरेक्स से फेरारी
    कम से कम $1,000 के साथ अपने खाते में टॉप अप करें
    कॉन्टेस्ट में शामिल हों और फेरारी F8 ट्रीबूटो
    जीतें
    कॉन्टेस्ट में हिस्सा लें
  • चैन्सी डिपॉजिट
    $3,000अपने खाते में जमा करें और $1,000 जीतें
    कॉन्टेस्ट में हिस्सा लें
  • 100% बोनस
    अपनी जमा राशि पर 100% बोनस प्राप्त करने का आपका अनूठा अवसर
    बोनस पायें
  • 55% बोनस
    अपनी प्रत्येक डिपॉजिट पर 55% बोनस के लिए आवेदन करें
    बोनस पायें
  • 30% बोनस
    हर बार खाता टॉप अप करने पर 30% बोनस प्राप्त करें
    बोनस पायें

Recommended Stories

28 नवंबर, 2022 को उत्तर अमेरिकी सत्र के लिए EUR/USD ट्रेडिंग योजना। सुबह के ट्रेडों का अवलोकन। EUR थका गया है

मैंने 1.0385 के स्तर का उल्लेख किया और अपनी सुबह की समीक्षा में वहां से बाजार में प्रवेश करने का सुझाव दिया। 5 मिनट के चार्ट पर, आइए हम जोड़ी

Miroslaw Bawulski 18:54 2022-11-28 UTC+2

अमेरिकी स्टॉक इंडेक्स अलग-अलग संकेत दे रहे हैं

शुक्रवार को कोई सांख्यिकीय अपडेट नहीं होगा। इस मामले में सत्र छोटा कर दिया जाएगा और 21:00 GMT+2 पर समाप्त होगा। इस संबंध में, विशेषज्ञ भविष्यवाणी करते हैं कि व्यापारिक

Thomas Frank 12:26 2022-11-28 UTC+2

28 नवंबर से 3 दिसंबर के लिए EUR/USD का तकनीकी विश्लेषण

पिछली साप्ताहिक कैंडल का 23.6% रिट्रेसमेंट स्तर पर बंद होना इस सप्ताह EUR/USD के लिए गिरावट की शुरुआत का संकेत दे सकता है। नतीजतन, कीमत ऊपरी फ्रैक्टल और उच्च स्तर

Stefan Doll 12:21 2022-11-28 UTC+2

28 नवंबर, 2022 को अमेरिकी डॉलर इंडेक्स के लिए ट्रेडिंग योजना

सोमवार को शुरुआती एशियाई सत्र के दौरान, प्रतिरोध का सामना करने से पहले अमेरिकी डॉलर सूचकांक 106.15 के उच्च स्तर पर चढ़ गया। इस खबर को लिखे जाने के

Oscar Ton 12:17 2022-11-28 UTC+2

संकेतक विश्लेषण: 28 नवंबर, 2022 को GBP/USD की दैनिक समीक्षा

पाउंड-डॉलर की जोड़ी 1.2088 (शुक्रवार की दैनिक मोमबत्ती की समाप्ति) के स्तर से नीचे की ओर बढ़ सकती है, 1.2003, 14.6% रिट्रेसमेंट स्तर (पीली बिंदीदार रेखा)। इस स्तर का परीक्षण

Stefan Doll 09:25 2022-11-28 UTC+2

28 नवंबर, 2022 के लिए BTC अपडेट - और गिरावट की संभावना

Technical analysis: BTC/USD आज सुबह नीचे की ओर कारोबार कर रहा है और मुझे $16.320 की कीमत पर प्रमुख समर्थन का ब्रेकआउट मिला। ट्रेडिंग सिफारिश: पृष्ठभूमि में प्रमुख समर्थन के

Petar Jacimovic 09:25 2022-11-28 UTC+2

EUR/USD। 28 नवंबर का अवलोकन। क्या यूरोप में मुद्रास्फीति की दर अंतत: घटने लगेगी?

शुक्रवार को, EUR/USD करेंसी पेअर ने बिना किसी अचानक हलचल, अस्थिरता या प्रवृत्ति का प्रदर्शन करते हुए बेहद शांति से ट्रेड किया। हालांकि, जोड़ी ने चलती औसत से ऊपर का

Paolo Greco 09:24 2022-11-28 UTC+2

28 नवंबर को EUR/USD के लिए आउटलुक और ट्रेडिंग सिग्नल। COT रिपोर्ट। बाजार की स्थिति का विश्लेषण। यूरो एक लंबे समय से प्रतीक्षित सुधार शुरू कर सकता है।

सप्ताह के अंतिम ट्रेडिंग दिन के दौरान, EUR/USD पेअर ने पिछले कई दिनों की तीव्र वृद्धि के बाद मंदी के सुधार में प्रवेश किया। एक अनुस्मारक के रूप में, कीमत

Paolo Greco 09:23 2022-11-28 UTC+2

28 नवंबर को GBP/USD के लिए आउटलुक और ट्रेडिंग सिग्नल। COT रिपोर्ट। बाजार की स्थिति का विश्लेषण। ब्रिटिश पाउंड सही करने के लिए संघर्ष कर रहा है।

GBP/USD ने शुक्रवार को मामूली सुधार शुरू किया। एक ओर, इसके तेजी से गिरने का कोई कारण नहीं था क्योंकि कोई मौलिक या व्यापक आर्थिक पृष्ठभूमि नहीं थी। दूसरी

Paolo Greco 09:23 2022-11-28 UTC+2

25 नवंबर के लिए GBP/USD ट्रेडिंग योजना (सुबह के ट्रेडों का विश्लेषण)। बुल्स के प्रयास विफल रहे

मेरे सुबह के पूर्वानुमान ने बाजार में 1.2125 पर प्रवेश करने का सुझाव दिया। आइए हम 5 मिनट के चार्ट की जांच करें। इस स्तर पर ऊपर की ओर की

Miroslaw Bawulski 18:48 2022-11-25 UTC+2
अभी बात नहीं कर सकते?
अपना प्रश्न पूछें बातचीत.