Stocks rally stalls, euro falls on French politics

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

London - Caution rippled through markets as Deutsche Bank pulled down European shares, metals slumped on Chinese growth prospects and the French presidential race continued to roil the euro.

The Stoxx Europe 600 index was dragged down by miners and banks as Deutsche Bank announced it was reversing course with an overhaul to raise capital. The euro erased earlier gains and German bonds rose after former prime minister Alain Juppe said he won’t step in to replace Francois Fillon on the Republican ticket in France’s frenetic presidential election. 

Markets appear to be coming off recent peaks as investors price in a near-certain March US interest rate increase by the Federal Reserve. Chinese Premier Li Keqiang warned of larger challenges ahead during his work report to the annual National People’s Congress gathering in Beijing. In Europe, the agenda is being set by politics, according to Pictet Asset Management.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
Rand - Dollar
14.15
-0.1%
Rand - Pound
19.94
+0.0%
Rand - Euro
17.18
-0.0%
Rand - Aus dollar
10.97
+0.2%
Rand - Yen
0.13
-0.3%
Gold
1,853.32
+0.5%
Silver
27.60
+0.7%
Palladium
2,908.33
+0.5%
Platinum
1,230.50
+0.1%
Brent Crude
68.71
+2.5%
Top 40
61,071
+0.8%
All Share
67,111
+0.8%
Resource 10
70,214
+1.2%
Industrial 25
84,074
+1.0%
Financial 15
12,613
-0.6%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
21% - 1469 votes
No, I did not.
52% - 3650 votes
My landlord refused
27% - 1941 votes
Vote