European Stocks Seen Lower, Retracing from Wednesday Gains

13 August 2020

    European stock markets are seen opening weaker, retracing from Wednesday’s sharp gains, as investor concerns over the region’s economic recovery resurface yet again. 


    German price data, released Thursday, showed deflationary pressures in Europe’s largest economy, contrasting with signs that inflation is gaining speed in the US - an indicator of economic recovery. 


    On the positive side of things, the unemployment rate in France has fallen to 7.1% in the second quarter, while analysts were forecasting an 8.3% jump.


    At 6:10 GMT, the German DAX traded 0.2% lower, UK’s FTSE 100 contract fell 0.9%, while the French CAC 40 futures saw a 0.3% drop.  

    *The products advertised are only available to clients under Fondex Limited Seychelles (SDL No: SD037).



Cookies on Fondex

The Fondex website uses cookies to optimise user experience.

These cookies fall under the following categories: essential, functional and marketing cookies. Marketing cookies may also include third-party cookies.

Manage Preferences

You can customize your selection of which cookies you want to accept.

  • Essential

    These cookies are necessary for the website to function correctly and cannot be switched off.

  • Functional

    Functional cookies allow the website to remember users' preferences and the choices you make on the website such as username, region, and language.

  • Marketing

    These cookies are used to track visitors across our websites and show you more relevant ads. Marketing cookies also include third-party cookies from partners. For more information relating to data protection & collection please view our Privacy Policy and Cookie Disclosure.


The Company would like to inform you that it will terminate its operations under the "Fondex" brand by 30th of December 2022. If you wish to open a trading account, kindly visit