Zuckerberg has lost 7 billion dollars as companies pull adds from Facebook. Catch the moment!
European stocks slip moderately
On Thursday, European shares headed south moderately, although a series of earnings updates grasped the focus with Sodexo leading losers after the French group downgraded its sales prediction.
The pan-European STOXX 600 declined 0.2%, while euro zone blue chips along with Britain’s FTSE 100 demonstrated a slight dip.
Sodexo went down 3.7%, hitting its lowest value since end-March. The world's second-biggest catering services company after Compass Group had to cut its full-year sales surge objective after weaker-than-expected third quarter outcome.
As for Compass, it inched down too, losing 0.5%.
Meanwhile, British consumer goods Reckitt Benckiser reduced its growth forecast too after the previous month a global cyber attack disrupted its business in multiple markets, thus pushing its stocks down 1.2%.
However, Associated British Foods rallied 3.9%, leading winners on the STOXX, after the company announced its full-year outlook had improved due to a better-than-expected performance demonstrated by its Primark clothing chain.
Riskier currencies and stocks are in favor of investors. Surprisingly, gold rallies too. Let’s have a closer look.
Congratulations! Gold has just opened a new era... or, rather, reopened...
Canada will publish the employment change and the unemployment rate on July 10, at 15:30 MT time.