European markets slump on trade and political worries; Daimler down 7%
Thursday, 23 May 2019 14:44 WIB |
MARKET UPDATE |Indeks Stoxx Europe 600Saham Eropa
European markets traded in the red Thursday morning amid ongoing U.S.-China trade concerns and political uncertainty across the EU.
The pan-European Stoxx 600 was down by 0.7% in early deals with almost every sector in the red.
Auto stocks led the losses, down by more than 2.5%. This comes after renewed concerns over the trade relationship between the U.S. and China. The U.S. has said it will impose trading restrictions on Chinese telecoms giant Huawei from August 19. Of the $70 billion Huawei spent buying components in 2018, some $11 billion went to U.S. firms including Qualcomm, Intel and Micron Technology.
Banking stocks were also down, with Deutsche Bank falling more than 2.7%. Shareholders have gathered Thursday for its annual meeting with questions over the bank™s strategy and leadership.
Looking at other individual stocks, Daimler dropped more than 7% despite announcing a cost review, Reuters reported.
Thursday, 18 July 2019 09:53 WIB
Hong Kong stocks opened with losses on Thursday morning following a negative lead from Wall Street, with energy firms weighed by another drop in oil prices.
The Hang Seng Index fell 0.64 percent, or 182.53 points, to 28,410.64.
The benchmark Shanghai Composite Index shed 0.34 percent, or 9.95 poin...
Thursday, 18 July 2019 07:43 WIB
Tokyo stocks opened lower on Thursday, extending falls in New York as the yen edged higher against the dollar, weighing on exporters.
The benchmark Nikkei 225 index was down 0.62 percent or 132.64 points at 21,336.54 in early trade, while the broader Topix index was down 0.59 percent or 9.31 points...
Thursday, 18 July 2019 03:31 WIB
Hong Kong stocks retreated on Wednesday, hit by concerns about the China-US trade row and uncertainty over the Federal Reserve's interest rate plans.
The Hang Seng Index eased 0.1 percent, or 26.45 points to 28,593.17.
The benchmark Shanghai Composite Index fell 0.20 percent, or 5.92 points, to 2,...
Thursday, 18 July 2019 03:26 WIB
Stocks fell on Wednesday as the corporate earnings season rolled on with companies like CSX and Bank of America releasing their quarterly numbers.
The Dow Jones Industrial Average dropped 115.7 points, or 0.42%. The S&P 500 slid 0.65% to 2,984.42. The Nasdaq Composite closed 0.46% lower at 8,18...
Thursday, 18 July 2019 00:18 WIB
Stocks dipped on Wednesday as the corporate earnings season rolled on with companies like Bank of America and CSX releasing their quarterly numbers.
The Dow Jones Industrial Average slipped 44 points, while the S&P 500 fell 0.3%. The Nasdaq Composite traded 0.1% lower.
Bank of America reported...