Equities in EU open mixed as panic subsides

Thursday, 15. August 2019 09:05

Stock exchanges in Europe started on Thursday in different directions after yesterday's sharp selloff. Germany's sovereign bonds, one of the most conventional safe havens, pared gains and moved yields off the record lows reached in early trade. The United Kingdom's yield curve remained inverted after showing negative spread between ten-year and two-year yields yesterday for the first time since the financial crisis. Sentiment slightly improved after the worst Wall Street selloff of 2019 as United States President Donald Trump suggested a meeting to China's head of state Xi Jinping.

The FTSE 100 was just 0.08% down upon the opening bell after finishing at the lowest point since early June. Royal Bank of Scotland nosedived 6.68% to the bottom of the pile and the lowest level since November 2016. Today is its ex-dividend date, which means the upcoming dividend payment is now excluded. The DAX index advanced 0.26%, led by a 1.65% jump in Adidas. The German blue-chip measure ended yesterday at the worst level since March 28. The CAC 40 gained 0.46% as Accor rallied 1.74%.

The euro was 0.09% lower at 9:04 am CET at $1.11487 and traded flat at £0.9235. The pound rose 0.09% to $1.207. Gold retreated 0.32% to $1,511.4

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