Europe Sees Mixed Monday Markets

Euromarkets Move With Mixed Signs

The European indices move with mixed signs today with the British FTSE 100 not following the rise of the other indices, which are affected by a possible agreement between Greece and institutions.

Specifically, at 15:10, the British FTSE 100 index fell by 0.75% at 6,668 points, the German DAX advanced by 0.32% at 11,528 points and the French CAC 40 moved up by 0.45% at 5.178 points.

STOXX 600 index recorded profits of 0.07% at 397.36 points.

On the dashboard, Dixons Carphone (LONDON:DC) fell by 0.9%, as investigations have already launched for a possible online attack in its database.

AstraZeneca (NYSE:AZN) fell by 1.1% after its decision to pay Inovio Pharmaceuticals (NASDAQ:INO) $727.5 million to acquire the rights to a new cancer drug.

In the financial figures of the day, the investors’ confidence in the Eurozone worsened in August 2015, with the relevant indicator reaching 18.4 points in August, compared with 18.5 points July. Analysts had expected a rise at 20.3 points.

Hedge Funds In Commodities

The Hedge Funds in commodities appeared not so ... hedged, as the name of their category indicates. Their losses caused the alarm to investors that they are seeking back their capitals, as the losses grow constantly. When even Cargill (CM:CARG), the world's largest grain trader, decides to liquidate its own hedge funds, it’s a sign that speculators in commodity markets are in trouble. The index Newedge Commodity Index Trading shows that the first half the hedge funds that focus on raw materials on average will lose money.

While hedge funds are designed to make money in bull and bear markets, the managers have a bias to bet on rising prices and they remained vulnerable to the fall of this year, said Donald Steinbrugge, CEO of Agecroft Partners LLC. The Bloomberg Commodity Index fell by 29% and 18 out of its 22 ingredients are in a bear market. "Nobody wants to catch a knife when it falls, and the demand for hedge funds with commodities as a focus is very low," said Mr. Steinbrugge, whose company helps Funds to find investors.

Forex Corporate Research Department.

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