Major stock indices in Europe recover after strong losses

Stock indices in Western Europe are down due to concerns following the election of Donald Trump as the new US president.

Markets expected Hillary Clinton's victory, which tend to be viewed as more predictable. Trump's position in matters of foreign policy, trade and immigration, on the contrary, is a source of concern for the markets.

Shortly before the opening of the European session Trump delivered the victory speech, pledging to improve the condition of the American economy and seek dialogue and partnership with other countries.

Experts note that the promises to increase import duties on the goods in the United States and to review foreign trade agreements will adversely affect the world trade volume.

As a result, shares of European companies that receive most of the revenue abroad dropped.

The composite index of the largest companies in the region Stoxx Europe 600 fell 0,7% - to 332.58 points.

Before the opening futures on European indices fell by 4%.

The health sector has increased due to the reduction of risk for the US pricing practices with a Trump victory.

The value BBVA and Banco Santander, that have substantial portfolio of assets in developing countries fell by 6.2% and 2% respectively.

Credit Suisse which receives nearly two-thirds of revenue in the US, is down 1.3%.

Daimler fell by 3,4%, Volkswagen - by 3.5%.

On fears of decline in international traffic share of the Danish carrier Moeller-Maersk fell 3.4%.

Meanwhile, securities of gold mining company Randgold Resources soared 6.4% after the increase in the price of gold because of the high demand for safe assets.

At the moment:

FTSE 6817.58 -25.55 -0.37%

DAX 10354.94 -127.38 -1.22%

CAC 4421.71 -55.18 -1.23%