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

Asian equities rally as American government shutdown is over

On Tuesday, Asian equities managed to soar right after American senators struck a deal to have a three-day government shutdown resolved, thus sending Wall Street's key indexes to record maximums, while the evergreen buck slumped versus the Japanese yen…

Popular

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

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