On Tuesday, European equities went down due to the fact that market participants kept harshly punishing businesses, which missed expectations, including William Hill, Morrisons, and Pandora, while caution dominated ahead of the long-awaited American midterm congressional elections.
As a matter of fact, the STOXX 600 kept to 0825. As for the euro zone's major index STOXX50E, it went down by 0.1%.
Outcomes dominated the day again with some mediocre results impacting equities.
The equities of Pandora headed south by 8.3% after the Danish jewelry maker had its 2018 sales outlook for the second consecutive quarter slashed, telling that it would review its strategy and start a new cost-cutting program.
The equities were braced for their worst day for three months.
Besides this, UK gambling company William Hill went down by 6.3% after it told tax and regulatory changes would affect online profit in 2018 and also next.
As for supermarket group Morrisons, it went down by 3.8%, finding itself on track for its greatest one-day dive since March, right after its quarterly sales surge lagged estimates.
More encouraging outcomes boosted some equities.
Staffing company Adecco managed to ascend by up to 4.6% to the top of the STOXX 600 right after its outcomes met expectations. Market experts told that the company’s equities have been pricing in much of the euro zone’s decelerating economy.
Logistics and postal company Deutsche Post managed to rally by 3.6% after its profit dive appeared to be less abrupt than experts had expected, thus surpassing the Reuters survey consensus.
The dive in profit took place because of the cost of restructuring its parcel and post division.
Additionally, tobacco company Imperial Brands managed to top the FTSE 100 with a 2.1% leap right after the maker of Gauloises and Winston cigarettes posted firmer-than-anticipated revenue.
Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.
Richard Branson offloaded nearly 10 million shares, which equals about 4% of the Virgin Galactic stock, leaving him with an 18% stake.
Today at 00:00 GMT+3 SPCE will present the second quarter 2021 financial results. We will get to know everything about the company's financial condition and plans.
Inflation in Europe was released better than the forecast. The preliminary fact was published at 4.3%. What's happening in the markets?
XAUUSD fell below 1900 for the first time since March 2023. Meanwhile, the US dollar index gives a bearish signal. Read the full report to learn more!
Oil prices are rising while the US government is on the verge of shutting down. How will it affect the market?
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
|
