Next Investors logo grey

European markets buoyed by Dutch election

Published 17-MAR-2017 15:02 P.M.

|

2 minute read

Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.

In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.

The below articles were written under our previous business model. We have kept these articles online here for your reference.

Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.


Click Here to View Latest Articles

A sense of normality returned to US markets with the Dow closing nearly 0.1% lower at 20,934 points. However, the downward trend only occurred later in trading after the index had increased from the previous day’s close of 20,950 points to a high of 21,000 points.

It was a session little influenced by any major themes and this was reflected in the NASDAQ which closed at the previous day’s level of 5900 points.

However, European markets were far more buoyant as the Dutch election effectively put to bed the theory that populist movements the like of which could lead to the eventual unravelling of the European Union were broadly in favour with voters.

It would appear that voters have seen enough of the instability caused by Brexit and to some extent the election of President Trump to question extreme radical right wing thinking.

Furthermore, this was the first European trading session following the Fed’s commentary on economic conditions in the US, which it appears has been viewed favourably.

The FTSE 100 closed at 7368 points, representing a gain of 0.6%.

The DAX and the Paris CAC 40 were up by similar margins closing at 12,083 points and 5013 points respectively.

On the commodities front, oil is struggling to stay above US$49 per barrel, and most technical analysts are of the view that there is more likelihood of downside from this point before macro conditions are such that it can return to levels above US$50 per barrel.

There was continued support for gold as it rallied 2% to US$1226 per ounce.

Base metals were mixed with nickel and lead flat, while copper and zinc posted gains of less than 1%.

The Australian dollar came off slightly and is currently fetching US$0.766.

It should be noted that broker projections and price targets are only estimates and may not be met. Also, historical data in terms of earnings performance and/or share trading patterns should not be used as the basis for an investment as they may or may not be replicated. Those considering this stock should seek independent financial advice.



General Information Only

S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.

Conflicts of Interest Notice

S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.

Publication Notice and Disclaimer

The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.

Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.

This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.