European Daily Market Review 4.12.19

European stock markets are into a fluctuating mode.

The French CAC-40 inclined 0.20%, while the FTSE-100 is leading the falling mode of DAX, losing 0.67% and 0.45% accordingly.

France is taken over one of the massive strikes in the last years as public sector workers protest against changes to the pension system.

The public transport networks are affected and ceased a result. The French national rail company. In fact, SNCF cancelled 90% of its trains on Thursday.

Moreover, France’s education ministry predicts around 55% of its staff to take part in the national strike. Most market experts are forecasting a victory for Prime Minister Boris Johnson against doubts about opinion polls.

The GBP is also advancing and seems like is prefer the ruling Tories both for the prospect of moving on to the next stage of Brexit talks.

Debts excluding mortgages are soaring in UK, according to the Office for National Statistics. Debts including credit card debt and personal loans surged 11% to £119bn in the two years to March 2018.

Turkey’s banking regulator took measures on how banks classify credit to issued companies. The Banking Regulation and Supervision Agency, or BDDK, will now leave it to lenders to choose which company loans need to be reclassified as non-performing.

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