European equities sink as financials sour Apple-led tech jump

European equities sink as financials sour Apple-led tech jump

On Wednesday, semiconductor firms' stocks turned to be a bright spot in early deals in a gloomy European market, suppressed by a dip among banks and mining stocks.

The STOXX 600 index along with euro zone blue chips tumbled 0.1%. In the UK FTSE 100 lost 0.2%.

Tech stocks demonstrated the strongest sectoral performance with Apple suppliers Dialog Semiconductor as well as AMS leaping respectively 5.7% and 3.3% after iPhone optimism raised Apple shares to a record maximum overnight.

The ascend in tech was not sufficient to compensate dips among mining companies and crude stocks, sagging on the back of weaker metals as well as crude prices.

Disappointing readings from Societe Generale and Commerzbank appeared to be a drag on euro zone financial institutions. The sector index went down 0.4%. Natixis rallied approximately 4% on the back of higher gains for the period.

Well-received earnings spurred equities in a gambling company William Hill that grew more than 7% to the top of the STOXX. Additionally, results also backed sizeable moves in Lufthansa and Hugo Boss.

 

Similar

Latest news

No More US Debts in Sight
No More US Debts in Sight

The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.

Gold Rises as Central Banks Buy More
Gold Rises as Central Banks Buy More

About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.

US Evades Default This Time
US Evades Default This Time

Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera