Strong growth in Europe and Asia after good results from Google

The US indexes ended yesterday's stock market upwards, prompting Asian and European markets to open on a plus today. The growth of European markets, however, was far stronger. The German DAX has risen to levels of trade of nearly 12,700 points, or an increase of over 1% compared to yesterday.
Opening on a positive territory is also shown by US index futures, with the S&P 500 trading at levels above 2,816 points.
To a large extent, the positive mood contributed to Google's results. The parent company, Alphabet, reported yesterday quarterly earnings of $32.66 billion, an increase of 26 percent and acceleration in the same quarter of last year. For comparison, revenue growth in the second quarter of 2017 was 21%.
After the results, the company's shares rose 5% and Alphabet's market capitalization was almost equal to Amazon's. For comparison, Amazon's market estimate is at $874 billion.
Still, Apple's shares remain closest to the boundary line. After good news about the company, its stock continued to rise and its capitalization is already close to 942 billion dollars. So Apple is only about 6% of reaching the coveted $1 trillion, which has not been achieved by any company in history.
So far, more than 17 percent of S&P 500 companies have announced their second-quarter results, with 82 percent of analysts expecting analysts to expect, according to FactSet. Wall Street has high expectations for this reporting season, with analysts forecasting an annual growth of 20%.

The leading European indices on green territory

Stock exchanges in Europe began to grow as the geopolitical tensions between the US and North Korea weakened and so the markets were entirely focused on the performance of the companies on the old continent.
The pan-European Stoxx 600 rose by 1.08%, with all sectors closing the day on positive territory. The best performing sector was the bank's, which rose by 1.4% after the merger of Standard Life and Aberdeen Asset Management.
DAX30 recorded a growth of 1.26% to 12165.12 points, and the British FTSE100 ended the session at 7353.89 points, with an increase of 0.60%. Shares of French companies also rose, with Danone's shares rising by 1.5 percent on the back of information that the company could be acquired. This led to a rise in the main French index CAC40 by 1.20% to 5121.67 points.

A negative end of the week for Europe

On Friday, all major European indexes ended the day in red.
The German DAX30 closed the day at 12240.06 or with a loss of 1.66%. Infineon Technologies AG (-4.66%), Volkswagen AG (-3.64%) and Continental AG (-3.11%) reported a decline of more than 1%.
The French CAC40 wiped out 1.57% of its value, closing at 5117.66. Valeo SA, Peugeot SA and Schneider Electric SE were the least represented, with decreases of 6.94%, 3.41% and 3.09% respectively.
The British FTSE100 index ended the session negatively, closing at 7452.91, losing 0.47% of its value. Micro Focus International (-2.53%), Smiths Group PLC (-2.49%) and Paddy Power Betfair PLC (-2.14%) were the biggest contributors to the result.
At the end of the session, the major US indices also traded downward, retreating between 0.17% and 0.25% of the record-breaking record of the previous days. General Electric Co.'s weak earnings data had a strong impact by lowering DOW JONES by 50 points to 21563, the S&P 500 by about 2 points to 2470, and NASDAQ COMPOSITE by 5 points to 6384.

The decline in European indices continues

European stock exchanges continue to decline. The DAX30 closed the session at 12,672.49 points, with a loss of 0.14%. Fresenius Medical Care KGAA (-1.31%), Volkswagen AG (-1.30%) and Bayer AG (-0.97%) dropped the most.
The French index CAC40 almost remained unchanged, but closing 3.69 points lower (or by 0.07%) ranked it among the losing markets for the day and further confirmed the negative European trend. Sanofi SA with -1.99% has the worst performance.
FTSE 100 did not lag behind the continental trend in Europe and ended the day with a loss of 0.62% (closing at 7478.62). The British market will be in the focus of attention in the coming days because of parliamentary elections in the country.