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

FED and BOE Make Another Attempt to Beat Inflation
FED and BOE Make Another Attempt to Beat Inflation

The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.

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