European stocks are steady
On Tuesday, European stocks were steady, as financial markets were jittery before the results of the American presidential election, while gloomy Chinese trade data dampened market sentiment.
During European morning trade, the EURO STOXX 50 ascended 0.29%, French CAC 40 gained 0.04%, while German DAX 30 tacked on 0.01%.
Sentiment remained moderately supported after the FBI told Congress over the weekend that it hadn’t altered its conclusions as for the private email server maintained by Hillary Clinton, thus contributing to expectations that the Democratic nominee could win Tuesday’s election.
China’s imports dropped by an annualized rate of about 1.4% the previous month, while exports sagged 7.3%.
Financial stocks demonstrated mixed, performance as BNP Paribas dropped 0.23%, while Societe Generale tacked on 0.04%. Meanwhile, Deutsche Bank fell 1.22%, Commerzbank rose 0.86%.
French lender Credit Agricole soared 4.61% having reported better-than-expected third-quarter net income, due to a successful restructuring process.