German stocks came under pressure on Wednesday, following the strongest day of the year for Europe's main index. And there is a new chancellor in town for Germany.
Corporate profits are set to surge next year in Europe, and along with them a big jump in stock buybacks, according to strategists at Citi.
European stocks skidded on Tuesday on nervousness around the new omicron variant of coronavirus.
Europe stocks got a foothold on gains Monday, though COVID worries lingered in the background.
European shares slump with vacation names tough strike as investors fret more than new COVID variant
European stocks fell sharply early Friday, with significant losses for journey shares and power names following a new most likely extremely contagious variant of COVID was detected in South Africa. The Stoxx Europe 600 index. SXXP,. -2.84%. slid 3.8% to 465, with the German DAX. DAX,. -3.12%. down 3.5%, the...
Shares of the drinks maker jumped on well-received results and raised guidance, as Europe stocks rose on a U.S. holiday that's likely to keep trading subdued.
European stocks were off earlier lows, but concerns over a fourth wave of cases and more downbeat talk from Germany weighed on sentiment.
Telecom Italia surges on deal news, but Europe stocks give up gains as Merkel drives more COVID worries
European stocks slipped Monday, after a weekend of protests across the continent over increasing COVID restrictions and concerns the situation will only worsen. Deal news was in play for the telecom sector.
The Turkish lira was pounded for a second day on Thursday, after Turkey’s central bank sided with President Recep Tayyip Erdogan in his “battle” against interest rates. rose as high as 11.2978 lira from 10.6281 on Wednesday and 10.3408 on Tuesday. The Central Bank of the Republic of Turkey cut...
Friday brings losses to Europe stocks, with energy and travel names leading the way south as growth concerns rose after Austria announced lockdowns.
Economists said the December rate hike from the Bank of England was virtually guaranteed after data indicating the end of layoffs did not lead to a deterioration in the job market. The National Bureau of Statistics reported that salary employees increased by 160,000 in October after the layoff program ended...
Markets had already priced in a December interest-rate hike, though in fairness, they had priced in a November increase that never came. And there’s still one more jobs report before the next Bank of England meeting. “While some small uptick in unemployment is possible as a consequence of furlough payments...
Analysts led by Edward Stanley point out that one in five gamers in Roblox change their avators daily. “Image is everything in virtual experiences,” they say. in September started selling “skins” in the popular game Fortnite at 1,000 V bucks, which they say is equivalent to about $8. Gucci, also part of Kering, sold a digital version of its Dionysus bag on Roblox.
Koninklijke Philips shares tumbled 11% on Monday after the Food and Drug Administration published its inspection findings at a U.S. manufacturing facility in Pennsylvania. had already recalled 15 million breathing assistance machines. The FDA raised concerns about the silicone foam used in the company’s replacement device and in the DreamStation 2, though the agency did not yet conclude the foam poses a risk to U.S. patients. Philips maintains the foam underwent significant testing.
Compagnie Financiere Richemont rose as much as 10% after reporting a surge in sales and confirming it’s in talks over its loss-making Yoox Net-A-Porter business. said fiscal first-half sales climbed 63%, leading to a surge in profit to €1.25 billion from €159 million. Its profit was up 44% from 2019 levels on a 20% rise in sales.
European stocks nudged higher on Thursday. Goldman Sachs said investors should be snapping up cheap shares in the region.