European stocks edge higher amid political, trade concerns; Nex Group shares up 31%


In Asia, equities finished the session relatively mixed amid heightened fears of a global trade war. In the States however, U.S. stocks had a positive start to its session on Friday, as investors shook off concerns surrounding the White House administration.

On Thursday, a report from the New York Times suggested that U.S. Special Counsel Robert Mueller had issued a subpoena for documents linked to President Donald Trump‘s businesses. Meanwhile, the U.S. president has decided to oust H.R. McMaster as his national security advisor, according to a Washington Post report. The White House has however denied that there are changes coming to the National Security Council.

The Russian ruble hit a one-month low against the dollar Friday, amid escalating tensions between the Kremlin and the West and an election in Russia on Sunday. The Moscow exchange remained higher Friday, however.

Euro zone consumer prices grew less than expected in February. The bloc of 19 countries sharing the single currency saw inflation at 0.2 percent month-on-month and 1.1 percent year-on-year, according to data published by the EU’s statistics office Eurostat.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *