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European stocks were very mixed up on Monday morning as investors read news on different political events.


Looking at some individual stocks, Vopak rose 5 %after reporting higher results, which wasn't expected. Siemens healthcare also jumped 2.7 % on its current earnings release.

European banks were under scrutiny after the latest results of stress tests. Barclays bank and Lloyd's Bank had the lowest capital ratios in the scenario. According to KPMG, this was due to Newly set accounting rules and high levels of unsecured debts Both stocks were pretty much flat.
The European Stoxx 600 was flat as well with the various sectors taking different directions. Financial services and industrial Services were down by about 0.6 %, whereas telecommunications had risen by almost 1 %.

Italian banks were under pressure in early deals this morning. Though they eased past them. Analysts believe the macro assumptions for Italy were a little too optimistic. Banco BPM and Intesa Sanpaolo dropped about 2 %. Ubi Banca fell 1.4 %.

Meanwhile, eurozone finance ministers are gathering in Brussels for another big meeting. The Italian budget plan for 2019 is set to be a talking point among the ministers.

Investors were taking in a speech by Chinese President Xi Jinping when he was, promoting his country as an advocate for international openness and cooperation.

Europe Market.

European stocks were very mixed up on Monday morning as investors read news on different political events.

Looking at some individual stocks, Vopak rose 5 %after reporting higher results, which wasn't expected. Siemens healthcare also jumped 2.7 % on its current earnings release.

European banks were under scrutiny after the latest results of stress tests. Barclays bank and Lloyd's Bank had the lowest capital ratios in the scenario. According to KPMG, this was due to Newly set accounting rules and high levels of unsecured debts Both stocks were pretty much flat.
The European Stoxx 600 was flat as well with the various sectors taking different directions. Financial services and industrial Services were down by about 0.6 %, whereas telecommunications had risen by almost 1 %.
Italian banks were under pressure in early deals this morning. Though they eased past them. Analysts believe the macro assumptions for Italy were a little too optimistic. Banco BPM and Intesa Sanpaolo dropped about 2 %. Ubi Banca fell 1.4 %.

Meanwhile, eurozone finance ministers are gathering in Brussels for another big meeting. The Italian budget plan for 2019 is set to be a talking point among the ministers.

Investors were taking in a speech by Chinese President Xi Jinping when he was, promoting his country as an advocate for international openness and cooperation.

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  1. Bruce DavidJune 10, 2019 at 10:57 AM

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