Zuckerberg has lost 7 billion dollars as companies pull adds from Facebook. Catch the moment!
European equities climb up on reviving reflation trade
On Tuesday, strength among commodity companies as well as banking equities, not to mention a string of solid updates underpinned European equities in early deals.
The STOXX 600 index rallied 0.3% backed by strength in mining companies and banks, while blue chips managed to earn 0.4%.
Germany's DAX leapt 0.1%, while the commodity-heavy FTSE 100 acquired 0.5%.
Dutch paints producer Akzo Nobel happened to be one of the greatest individual drags on the STOXX. Nevertheless, it dropped 1.3% as its second quarter profit ruined expectations.
Updates also put pressure on paper maker UPM, chocolate maker Lindt & Spruengli, chemicals company Croda International, as well as Domino's Pizza. Their average losses ranged 3-6.5%.
Although it’s still early days for the EU second quarter earnings season as just 20% of companies have provided updates, more than half of them have surpassed experts’ expectations, as Thomson Reuters data states.
Riskier currencies and stocks are in favor of investors. Surprisingly, gold rallies too. Let’s have a closer look.
Congratulations! Gold has just opened a new era... or, rather, reopened...
Canada will publish the employment change and the unemployment rate on July 10, at 15:30 MT time.