The London-based head of portfolio strategy of Brewin Dolphin Securities Ltd. “It looks like we either see an economic downturn in the US or monetary stimulus is going to slow. For the analyst that is not favorable condition to invest. They are waiting for signs and more information about which way the economy would go.
Europe reacted with a 2.1% drop in HSBC Holding Plc shares. International Consolidated Airlines Group SA declined 2% as canceling some flights caused by one of its planes at Heathrow Airport. Next Plc the clothing retailer also dropped by 2.4%.
Logically the FTSE 100 Index slid by 0.6% regarding concerns of recent Fed policy and slowing down stimulus forecasts.
In Germany a index of business confidence rose in May for the first time in three months. The business climax index is based on surveying 700 executives. It increased from 104.4 to 105.7 despite estimates were to remain unchanged.
British Airwaves plane caught on fire on Friday causing a chaos at the Heathrow Airport. More than dozen flights were diverted. The shares of British Airlines owner – Consolidated Airlines Group SA dropped 2%.
TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover 
