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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 Wednesday, American stock index futures headed south because dismal data out of China affected market sentiment, while traders waited for more developments related to the US-China trade conflict…
On Wednesday, Italian stocks led losses in the European Union right after the country's deputy prime minister told that Rome considers breaking EU fiscal rules, thus masking early revenue powered by optimism around the US-China trade conflict…
On Tuesday, another US-China tariff conflict escalation put pressure on Asian stocks, although remarks from American leader that he expects trade talks to be successful backed market sentiment…
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
On Monday, gold declined because the evergreen buck managed to gain early traction, thus putting pressure on the most popular precious commodity, which has been sticking with the year’s minimums…
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