Netflix stock price falls 5% on Tuesday. Why? Read the news.
European equities go down as Paddy Power, PostNL losses supplant strong miners
On Monday, losses from PostNL and Paddy Power Betfair definitely supplanted strong basic resources as well as energy stocks, thus suppressing European stocks, following robust profits in the previous session.
The pan-European STOXX 600 index sank 0.1% after early revenues, having faced its best trading day for three weeks on Friday because the common currency dipped, assisting dollar-earning firms to make gains.
Euro zone blue-chips reported 0.1% gains. Meanwhile, Germany's DAX stood still and UK stocks went up 0.2%.
Some market participants warned the worst of the hit of a stronger common currency on EU shares could be yet to emerge. The common currency will probably have an impact during the third quarter.
PostNL equities descended 6.4% after the Dutch postal company unveiled its full-year revenues would come in at the lower end of hopes because of regulatory changes.
Three main drivers of the market: the stimulus package, the US presidential election and the coronavirus. Let's look how market reacts.
The US Department of Justice thinks 87% a market share is too much for Google alone. The market thinks it's ok.
EU Flash Manufacturing & Services PMI will come out on Friday at 11:00 MT time!