Why Virgin Galactic Dropped after Branson’s Flight
Virgin Galactic’s Branson flew to space, but the stock of Virgin Galactic (SPCE) dropped. Why?
European equities are mixed
On Thursday, European equities were a bit changed because profits in financial shares a long with a weaker common currency gave support. At the same time fashion group H&M slumped after dismal outcomes.
The heavyweight banking sector SX7P tacked on 0.5% reaching seven-week maximums, underpinned by hopes that monetary policy would tighten after a series of hawkish remarks from Fed Chair Janet Yellen a bit earlier this week.
Revenues in banking equities, led by German lender Deutche Bank as well as France'sBNP Paribas enabled to compensate dips among basic resources shares SXPP because copper prices slumped.
Meanwhile, the pan-European STOXX 600 index decreased 0.1%, which is below the two-month maximum it hit during the previous session following Donald Trump's tax overhaul proposal.
Germany's export-oriented DAX index grew 0.2%, France's CAC stood still. Spain's IBEX gained 0.1% because worries over the Catalonia independence referendum relieved.
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