Zuckerberg has lost 7 billion dollars as companies pull adds from Facebook. Catch the moment!
Retail equities lag quiet EU market start on competition concerns
On Friday, new concerns over competition affected Ahold as well as other EU retail equities in opening deals because the broader market tacked on ahead of speeches by major bankers at the Jackson Hole gathering in America.
Ahold went down 5% after online giant Amazon.com announced it’s going to dip prices on a range of its goods as it’s about to conclude its acquisition of Whole Foods Market.
The Dutch supermarket boasts a firm presence on the east coast of the United States.
However, revenues among financials as well as an ongoing surge in Fiat Chrysler stocks on everlasting merger negotiations helped to back the broader market, bringing the pan-European STOXX 600 index up 0.2%. In Great Britain FTSE rallied by 0.2%.
The retail index went down 0.8%, leading sectoral losers in the region. Additionally, in the sector stocks in French supermarkets Casino as well as Carrefour went down 0.9% and 1.4% respectively, while Tesco along with Sainsbury declined too.
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.