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European shares dipped as China policy is about raising Reuters

© Reuters. European equities slow down as China policy is about increased mood income (Reuters) – Europe's shares were withdrawn from eight-month highs on Wednesday as concerns over China and put politically easy action to counter achieved results in the region from Suisse [19659005] (SIX 🙂 and SAP. The pan-regional index fell 0.1 percent at 0732 GMT. The reference index has recorded gains during the last eight consecutive sessions, with a trend recovering from a weaker transparency. Asian stocks were also weak even though it was time to turn high overnight into rising profits, as investors worried about Beijing slowing down the pace of policy relief for the world's second largest economy. [MKTS/GLOB] Germany's equalization of the country's Ifo business climate data, due to 0800 GMT, while all other major regional resources were red. Auto shares fell by 1 percent, led by Renault (PA 🙂 after its Japanese partner Nissan Motor Co lowered its full-year forecast to its lowest in nearly a decade due to US weakness. US President Donald Trump on Tuesday said the EU charges against the motorcycle manufacturer Harley Davidson Inc were "unfair" and promised to regain, but gave no other details. Online gaming company Kindred Group plc landed at the bottom of STOXX 600 after profit for the first quarter was significantly affected by a new local license in Sweden. The oil and gas sector withdrew after a 2% jump in the previous session due to higher crude prices. Kicking off the first quarter Bank balance…


© Reuters. European equities slow down as China policy is about increased mood income

(Reuters) – Europe’s shares were withdrawn from eight-month highs on Wednesday as concerns over China and put politically easy action to counter achieved results in the region from Suisse [19659005] (SIX 🙂 and SAP.

The pan-regional index fell 0.1

percent at 0732 GMT. The reference index has recorded gains during the last eight consecutive sessions, with a trend recovering from a weaker transparency.

Asian stocks were also weak even though it was time to turn high overnight into rising profits, as investors worried about Beijing slowing down the pace of policy relief for the world’s second largest economy. [MKTS/GLOB]

Germany’s equalization of the country’s Ifo business climate data, due to 0800 GMT, while all other major regional resources were red.

Auto shares fell by 1 percent, led by Renault (PA 🙂 after its Japanese partner Nissan Motor Co lowered its full-year forecast to its lowest in nearly a decade due to US weakness.

US President Donald Trump on Tuesday said the EU charges against the motorcycle manufacturer Harley Davidson Inc were “unfair” and promised to regain, but gave no other details.

Online gaming company Kindred Group plc landed at the bottom of STOXX 600 after profit for the first quarter was significantly affected by a new local license in Sweden.

The oil and gas sector withdrew after a 2% jump in the previous session due to higher crude prices.

Kicking off the first quarter Bank balance sheet in the region, Swiss lender Credit Suisse increased 3 percent after spending a surprise profit and said it was cautiously optimistic for the second quarter after a challenging start to the year.

Results from Credit Suisse will be followed by those from UBS Group AG and Barclays (LON 🙂 on Thursday and Deutsche Bank (DE 🙂 on Friday.

Top practitioners at STOXX 600 were payment companies Wirecard and business systems SAP, which also maintained Germany’s DAX overflow.

Wirecard jumped 8 percent after a Bloomberg report, said Japan’s Softbank to invest approximately 900 million to retrieve a minority stake in the company.

SAP climbed 6 percent and drove the technical sector 1.9 percent higher, as the company set ambitious new medium-term targets to increase profit margins after reporting an operating profit for the first quarter, mainly due to a restructuring charge.

The healthcare shares received an increase from Novartis profits that the Swiss Medicines Agency raised its 2019 guidance after a quarterly profit and sales rate.

Swedish truckmaker AB Volvo after reporting a better than expected operating profit for the first quarter due to stronger pricing

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