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, 6 July 2020 16:23 WIB
U.S. stock index futures steadily gained late Sunday, ahead of Wall Street's return from a three-day holiday weekend.
As of midnight Eastern, Dow Jones Industrial Average futures were up around 350 points, or 1.4%, while S&P 500 futures rose 1.2% and Nasdaq-100 futures advanced 1.3%.
Monday, 6 July 2020 15:49 WIB
Shanghai stocks surged on Monday to a more than two-year high as investors piled in following a combination of rosy predictions for the market and strong economic data.
The benchmark Shanghai Composite Index gained 5.71 percent, or 180.07 points, to 3,332.88, its best close since March 2018, while ...
Monday, 6 July 2020 15:24 WIB
Hong Kong stocks soared again Monday, tracking a surge in mainland Chinese markets and extending a rally into a fourth day on hopes for the economic recovery from the coronavirus.
The Hang Seng Index rose 3.81 percent, or 966.04 points, to 26,339.16.
Source : AFP...
Monday, 6 July 2020 15:00 WIB
European markets bounced on Monday morning as investors focus on the prospect of economic recovery and progress on potential coronavirus drugs, shrugging off concerns about a further acceleration of the pandemic.
The pan-European Stoxx 600 added 1.6% in early trade, with banks jumping 3.2% to lead ...
Monday, 6 July 2020 13:41 WIB
Indeks acuan Nikkei Tokyo naik untuk tiga sesi berturut-turut pada hari Senin seiring aksi reli di saham Asia mengimbangi kekhawatiran untuk peningkatan lanjutan dalam infeksi virus corona global.
Indeks Nikkei 225 melonjak 1,83 persen, atau 407,96 poin, menjadi ditutup pada 22.714,44, sementara in...