On Friday, dismal earning updates as well as a series of broker downgrades put pressure on European equities, thus leaving regional indexes on track for their second weekly decline in a row.
Market participants have been locking in revenues, shrugging off everlasting strength in economic data because euro zone earnings surge slowed versus the previous quarters and caution rallied over whether a stock market soar could continue or not.
On Friday, Elior went down 12% after Europe's number three catering group reduced its revenue guidance, pointing to the impact of Hurricane Irma.
Equities in Fresenius SE, Just Eat, Greene King, United Utilities as well as H&M all went down more than 2% following ratings downgrades from brokers.
The STOXX 600 headed south 0.2%.
As for top gainers, we should mention Vivendi, which gained 1.5%. The benchmark reversed earlier weakness because traders assessed an earnings report from the acquisitive French media conglomerate.
On Monday, Asian stocks dived on resuming trade tensions between America and key economies while crude gave up some of its hefty revenues made after key crude producers agreed to a mild increase in their output…
US equities went down, with Dow diving the eighth consecutive day…
On Thursday, except the United Kingdom, European stock markets dived in the face of everlasting worries of a proliferation of trade clashes between China and America, which appear to be the largest economies around the globe…
On Monday, Asian shares shook off a sluggish start and stabilized, with Japan outperforming on positive earnings…
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…
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