Daily News | European shares going down

If you trade shares, we have some interesting news for you. The news comes from Europe – European shares are going down and now might be the right moment to buy them if you plan to trade long term or to sell them if you think you won’t be able to do anything else. Madrid’s IBEX was flat and Spanish Prime Minister Mariano Rajoy has to do certain moves regarding the Catalonian situation. Analysts predict that he will impose direct rule in Catalonia unless Carles Puigdemont, the leader of Catalonia, retracts declaration of independence that was made last week. As for the others, shares in advertising group Publicis were down more than 5 percent, German robotics maker Kion fell 9.2 percent, while Uniliver droppd 3.2 percent.

As you can see, European shares are going down across the board, but three most important Wall Street indexes are growing. Head of equities at Wedbush Securities in Los Angeles Ian Winer said that people seem to think that there was no alternative to equities, which is why they are continuing to invest into them. The Dow Jones Industrial Average .DJI rose 160.16 points, .SPX gained 1.9 points and so on.

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Author: Max Rothstein

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