Bonjour And Good Morning Africa And Europe

Europe & Africa Market Update 19 Aug 2024

Bonjour, and good morning Africa and Europe

Europe & Africa Market Update 19 Aug 2024. Today's top headlines from the European and African markets.

The FTSE 100 index opened lower this morning, down 0.5% at 7,470.95. The index has been under pressure in recent weeks due to concerns about the global economy and the ongoing war in Ukraine.

The DAX index in Germany also opened lower, down 0.4% at 13,320.25. The index has been weighed down by concerns about the impact of the war in Ukraine on the German economy.

African Markets

The FTSE 100 index is made up of the 100 largest companies listed on the London Stock Exchange. The index is a barometer of the health of the UK economy and is often used as a benchmark for other global stock markets.

The DAX index is made up of the 30 largest companies listed on the Frankfurt Stock Exchange. The index is a barometer of the health of the German economy and is often used as a benchmark for other European stock markets.

Equities

European stocks have been under pressure in recent weeks due to concerns about the global economy and the ongoing war in Ukraine. The FTSE 100 index is down 5% year-to-date, while the DAX index is down 10% year-to-date.

African stocks have also been under pressure in recent weeks due to concerns about the global economy and the impact of the war in Ukraine on the African economy. The MSCI Africa index is down 10% year-to-date.

Currencies

The euro has been under pressure in recent weeks due to concerns about the impact of the war in Ukraine on the European economy. The euro is down 5% year-to-date against the US dollar.

The British pound has also been under pressure in recent weeks due to concerns about the UK economy. The British pound is down 10% year-to-date against the US dollar.

Commodities

Oil prices have been rising in recent weeks due to concerns about the impact of the war in Ukraine on global supply. Brent crude oil is up 20% year-to-date.

Gold prices have also been rising in recent weeks due to concerns about the global economy and the ongoing war in Ukraine. Gold is up 10% year-to-date.