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On Wednesday, European tech equities headed south because the region revived from a two-day trading holiday and market participants reacted digested reports that demand for Apple's iPhone X might be weaker than anticipated.
The pan-European STOXX 600 went down by 0.1%, reversing earlier profits because a downturn in the high-performing tech sector managed to outweigh firm mining as well as oil stocks.
As for euro zone blue chips, they also went down 0.1%, with the index moderately down on the month and also set for its second straight month of dips.
Meanwhile, tech stocks SX8P inched down 1%, which is the worst-performing sector because the market reacted to a downturn in Asian iPhone suppliers right after brokers cut their estimates for iPhone X shipments, telling that sales of the fresh model might undershoot hopes.
Chipmakers Infineon as well as STMicro dived respectively 1.5% and 2.3%.
On Friday, Wall Street's key indexes were braced for reporting their biggest weekly profits for a month because traders were quite optimistic about the everlasting trade negotiations to tackle a bruising tariff clash between China and America…
On Thursday, Wall Street shrugged off early losses because a sudden dive in retail sales affected investor hopes for progress at the everlasting US-China trade negotiations in Beijing…
On Wednesday, European equities went up because upbeat mood about Washington and Beijing trade negotiations backed global markets, while data revealed that earnings surge estimates for the European Union are stabilizing after abrupt downward revisions…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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