CAC 40

Today's data summary

Market closed
% change
+0.78%
Value
5494.17
Change
+42.58
As of 22:10 23 Sep 2018

Latest updates

European markets head south

Olaf Scholz
EPA
Olaf Scholz

European markets have opened lower.

The benchmark FTSE 100 index is down 0.7% at 7,509, while the Dax in Frankfurt is down 0.6%, and the Cac 40 in Paris is down 0.2%.

Investors will be waiting for further news on the progress made in Brexit negotiations.

German finance minister Olaf Scholz just told a banking conference that it is "difficult to say" whether the EU will reach an agreement with Britain.

European markets make slight gains

London's FTSE 100 is the only one of the major European stock market indexes that isn't currently up on the day. The Cac 40 in Paris and Frankfurt's Dax are both trading a slender 0.08% higher, while Amsterdam's AEX and Madrid's Ibex are up 0.03% and 0.06% respectively.

FTSE treads water

female trader
Getty Images

An hour into trading and the FTSE has made little progress. It's currently up 0.2% at 7,525.13.

It's a similar story in Europe with France's Cac 40 Index up 0.3% and Germany's Dax up 0.46%.

Spreadex analyst Connor Campbell says markets are taking a breather.

"A lack of news regarding the latest trade restrictions set to be announced by Trump – beyond Treasury Secretary Steven Mnuchin stating that the US isn’t punishing China specifically but ‘all countries’ trying to ‘steal’ American technology – allowed the markets a moment to take a breath after the bell."

European stock markets wobble

Trader, Frankfurt stock exchange
Reuters

European stock markets are down sharply this morning.

Frankfurt's Dax index is down 1.4%, in Paris the Cac-40 is 1.2% lower and Madrid is down 1%.

London's FTSE 100 is holding up relatively well, with a loss of just 0.4%.

Analysts are blaming concerns over the trade tension between the US and China.

Investors are also wary over the political situation in Germany where Chancellor Angela Merkel has clashed with leaders of her coalition ally, the CSU party, over her refugee policy.

"With the US-China trade war already creating an uncomfortable trading atmosphere, the brewing political tensions between long-time allies the CDU and CSU in Germany has caused some bloody losses in the Eurozone," said Connor Campbell, financial analyst at SpreadEx.

Trump-Kim summit fails to excite markets

Kim Jong-un and Donald Trump
Reuters

The eyes of the world may have been on US President Donald Trump's historic meeting with North Korean leader Kim Jong-un, but the summit has had little impact on the markets.

The dollar had hit a three-week high in the run-up to the summit, but these gains soon were lost. Markets are now looking forward to this week's meetings of the US Federal Reserve and European Central Bank, and worries of a trade war between the US and its allies are still lingering in the background.

"[The summit] is more of a side show and headline grabber rather than yielding anything substantive with markets more worried about the developments at the G7 summit," said Viraj Patel, a currency strategist at ING.

On the stock markets, most of the European indexes are down slightly. London's FTSE is 0.3% lower while France's Cac 40 is down 0.2%.

Milan market surges

The Milan stock market has open 2.2% higher following the news that the two populist parties in Italy will be able to form a government after all.

Other European markets have also opened higher, with the FTSE 100 in London and Cac 40 in Paris both up 0.6%, while Madrid is 0.8% higher and Frankfurt has added 0.9%.

Europe's share markets slide

Europe's main stock markets are seeing a selloff, due to worries about the Turkish lira's weakness, Italy's post-election uncertainty, and slower German economic growth.

Add to that trade tensions between the US and China, and it's proving a pretty toxic mix.

The FTSE 100 is down 1.3%, while France's CAC and Germany's Dax have slipped 1.5% and 1.7% respectively.

Stocks rise across Europe

Euro flags
Getty Images

Let's have another look at markets. The FTSE 100 is up 34 points, or 0.47%, at 7229.

Meanwhile the FTSE 250 is up 0.53%, or 104 points, at 19,588.

Across Europe markets are on the rise too. The Frankfurt Dax has climbed 1% this morning while the Paris Cac 40 is up 0.57%.