European equities stand still
On Tuesday, European equities struggled for direction in the morning, although revenue updates from crude major BP, a host of smaller British businesses and big banking equities kept things intriguing beneath the surface.
The STOXX 600 added by 0.1%. The DAX rallied by 0.1% in Germany. The FTSE 100 ascended by 0.2% in London.
Revenue turned out to be the big focus. Market participants are waiting for reports from such business sharks as Standard Chartered, BP, and Credit Suisse.
Credit Suisse managed to tack on by 0.8% right after the Swiss lender ramped up its second-quarter revenue twice.
Standard Chartered appeared to be the biggest banking loser. It lost 3.5% after its half-year update.
Lufthansa led leisure and travel equities higher. The equities of the German airline rallied by 5% after its second-quarter operating revenue surpassed forecasts.
The stocks of French media conglomerate Vivendi managed to ascend by 4.6% after the company unveiled its results and told that it was about to sell half of its UMG music division.
Approximately 40% of the way through the revenue season as well as half of MSCI EMU businesses have surpassed experts’ expectations. Actual year-on-year revenue accounted for 8.6%.
BP's equities rallied by 0.4% after the crude major's second-quarter revenue surpassed hopes on the back of higher crude prices as well as increased output.
A number of smaller British businesses faced some big stock price moves having uncovered their outcomes. The equities of Travis Perkins inched down by 8%, thus becoming one of the worst STOXX 600 losers after the building materials supplier reduced its revenue outlook on the back of a sluggish DIY market.
Rentokil Initial and Centrica dived too after updates.
Additionally, the equities of Swiss group GAM Holding edged down over 8% right after it had its investment suspended because of an internal investigation.
The US-China trade war escalates
More tariffs were introduced
Stocks of technological companies fell, pay attention to earnings
Yesterday, the US Justice Department announced a broad antitrust review ...
Futures head south after China data points to decelerating retail sales
On Wednesday, American stock index futures headed south because dismal data out of China affected market sentiment, while traders waited for more developments related to the US-China trade conflict…
Bitcoin dives 14%, slumping below $5,000
On Tuesday, crypto assets dived, with Bitcoin decreasing below the psychologically crucial $5,000 mark for the first time this year…
British inflation tacks on for the first time this year
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
Market updates on June 18
Welcome to Tuesday, people! Here’s your markets update ahead of the European trading session.