European shares closed down 0.8% pounds flash avalanche boost British stocks

European shares closed down $0.8% to boost the flash crash British shares U.S. stock market center: exclusive offer full industry sector stocks, premarket after hours, ETF, real-time quotes FX168 news Friday warrants European stock benchmark: ftseurofirst 300 index ended down 0.81% at 1339.85 points. Sterling flash collapse, British shares have become beneficiaries, the FTSE 100 index closed up 0.8%. French CAC 40 index Friday fell 0.6%; the German DAX 30 index fell 0.7%. On Friday morning Asian market, the pound dollar in diving, was down more than 6%, the biggest intraday decline since the British off the European referendum. Due to the devaluation of the pound will boost exports and multinational companies in U.S. dollars revenue, the FTSE 100 index was boosted, but other European major stock market investors have become more cautious, France shares, German stocks and European stocks all fell overall. CMC Markets analyst Jasper Lawler said that today’s market performance is slightly complex, sterling continued to fall on the British stock market had a positive impact, the FTSE 100 index continued to rise. But the pound fell and the stock market does not match. Exports and inflation, of course, can benefit from the devaluation of the pound, but the instability caused by the decline in the exchange rate is also more worried about the market." He also said: as for the euro area stock index, they did not reflect the positive impact of the devaluation of the pound, but to show a cautious attitude, before the introduction of the u.s.." Andreas Clenow, head of investment Asset Management Co ACIES said: "at present, European stocks to me completely unattractive, the profitability of enterprises is weak, the economic downturn," stocks, Edenred fell 7.2%, after UBS will the company rating from "buy" down to "in". EasyJet also fell 3.3%, the company issued a profit warning on Thursday, brokers have downgraded. The bank closed up 0.5%. Earlier sources, large holdings of equity investors and Deutsche Bank Qatar no plans to sell stake, and if the bank had decided to increase, will consider increasing the investment of the Deutsche bank. Proofreading: Sherlock editor: Li Wu SF053相关的主题文章: