European stocks dip as Ericsson sags

European stocks dip as Ericsson sags

On Tuesday, European shares went down reacting to dismal outcomes from blue chips Ericsson and Lufthansa. Meanwhile, scaled-back hopes for monetary tightening by key banks drove some profit-taking in financials.

The STOXX 600 declined 0.3% because the basic resources sector dipped more than 1%.

Ericsson descended 11%, after reducing its forecast for the mobile infrastructure market and posting a wider than expected loss, which is another blow to a company already undertaking cost cuts.

Nokia stocks lost 2.9% because market participants read across to the Finnish mobile equipment producer.

Banks slid 0.5%,after comments from Fed and ECB policymakers, which pointed to a slower rate of monetary tightening in the EU and America than many traders were expecting.

Zalando applied pressure on the retail index right after it posted decreasing sales growth. The EU’s leading online fashion retailer told capacity problems at fresh warehouses held them back.

Similar

Latest news

Chinese workers are on strike
Chinese workers are on strike

  Good morning, dear traders! Hope you’re doing great! Let’s talk about the news that is worth following today!  Key market events: 15:30 MT, CAD GDP m/m 17:00 MT, GBP BOE Gov Bailey Speaks Oil is tensed again Oil rose as China refined its approach…

How to trade the JPY?
How to trade the JPY?

Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:

FOMC Minutes Brought Insights
FOMC Minutes Brought Insights

Hello, dear traders! We hope you have a great day! Let’s see what news is worth following today! Market closing US stock exchanges will be closed due to the Thanksgiving holiday…

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