European stocks close lower as trade concerns weigh; Ericsson down 11%
Wednesday, 17 July 2019 23:27 WIB |
MARKET UPDATE |EropaIndeks Stoxx Europe 600
European stocks lost value by the end of trade Wednesday as trade concerns continued to weigh on global markets while earnings season gathered pace.
The pan-European Stoxx 600 provisionally traded 0.36% lower during the session, with oil and gas stocks slipping almost 2% but food and beverage stocks clawing a 0.5% rise.
Meanwhile, earnings are also in focus for investors. In Europe, Swedish Orphan Biovitrum shares rallied 10% after the company forecast full-year profit and sales growth. Shares of Swiss watchmaker Swatch Group climbed after it issued guidance for strong growth ahead despite a fall in first-half profits.
Swedish manufacturer Dometic Group saw its shares tumble 6.7% following disappointing second-quarter earnings, while telecoms equipment maker Ericsson dropped 11.2% after warning that the costs of winning new network business may negatively impact its profit margins in the second half of the year.
Swedbank also slipped sharply after it cut its dividend amid uncertainties over its exposure to a Baltic money-laundering scandal.
Monday, 18 November 2019 19:32 WIB
Stock-index futures point to a higher start for Wall Street on Monday, with equities set to build on last week™s push to records as investors remain optimistic over U.S.-China trade talks.
Futures on the Dow Jones Industrial Average rose 80 points, or 0.3%, to 28,033, while S&P 500 futures ga...
Monday, 18 November 2019 15:30 WIB
Hong Kong stocks rose more than one percent Monday, staging a rebound after losing around five percent last week, with trade optimism trumping worries about violent protests in the city.
The Hang Seng index jumped 1.35 percent, or 354.43 points, to 26,681.09.
The benchmark Shanghai Composite Index...
Monday, 18 November 2019 15:25 WIB
European stocks opened mostly higher on Monday amid ongoing focus on developments in U.S.-China trade talks.
The pan-European Stoxx 600 edged 0.12% higher with banks climbing 0.4% to lead gains while autos and construction and material stocks slid 0.3%.
Markets in the region received a strong hand...
Monday, 18 November 2019 14:45 WIB
China stocks ended Monday firmer, as investors hoped for more stimulus measures to shore up the slowing economy after a interbank lending rate cut.
The blue-chip CSI300 index rose 0.8%, to 3,907.93, while the Shanghai Composite Index added 0.6% to 2,909.20.
China's central bank unexpectedly trimme...
Monday, 18 November 2019 13:24 WIB
Tokyo stocks closed higher on Monday, led by gains in the semiconductor sector, with investors watching the forex market and US-China trade talks.
The benchmark Nikkei 225 index rose 0.49 percent, or 113.44 points, to 23,416.76, while the broader Topix index added 0.24 percent, or 4.05 points, to 1...