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Major Western European indices closed down European Union 

Major Western European indices closed down

Major Western European stock exchange indices closed down on Friday, investors realized profits after the significant rise of the previous day.

The Frankfurt DAX index was 0.74 percent, the London Stock Exchange’s main index, the FTSE-100 index was 1.70 percent, and the Paris CAC-40 index closed at 0.48 percent minus. In Madrid, 1.07 percent, and in Milan the 1.32 percent loss was the dominant stock market.
Among the pan-European indices, Stoxx Europe 600 decreased by 0.99 percent and the FTSE Eurofirst 300 index was 1.00 percent, while EuroStoxx50 in the euro area fell 0.44 percent.
The losers of the day were crude-packaged companies, their sub-index fell by 3 percent, while the banking sector and energy companies lost 1.8 percent. The winners were food and beverage producers with a 0.4 percent rise.
Foreign trade was affected by the sharpening of American-Chinese trade tensions.
By mid-six, the Dow Jones industrial average was 1.01 percent, the S & P 500 index was 0.52 percent and the Nasdaq market’s composite index was 0.48 percent minus.
From the point of view of global trade, two of the two crude oil mixes, the North Sea Brent and the West Texas Intermediate (WTI), in the western hemisphere, fell sharply to around 3.5 per cent in market expectations that OPEC’s next ministerial meeting decides to increase yields the major oil exporting countries. In the nearest August futures, the Brent barrel was 3.54 percent loss, $ 73.25, and July’s WTI was 3.41 percent minus $ 64.61.
In the New York commodity market, the gold price per ounce fell in August to 2.06 percent, to $ 1281.30.
For a euro $ 1.1618 in the international interbank market, 0.43 percent strengthened the common European currency.

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