European stocks mixed in sluggish trading

Friday’s European stocks were mixed in a directionless trade as investors worried about the ever-growing economic downturn Coronavirus I was looking forward to next week’s US presidential election for clues about the incident and direction.

The Pan-European Stocks 600 rose slightly to 341.83 after closing on Thursday at a 0.1% drop.

Germany’s DAX fell 0.1%, the UK’s FTSE 100 fell 0.2%, while France’s CAC 40 index rose 0.2%.

Apple suppliers AMS and Dialog Semiconductor have fallen after Apple reported the lowest earnings in China since 2014, investors with quarterly guidance ending in December due to uncertainty about the coronavirus pandemic. Did not provide to.

Tour operator TUI AG increased by 1.5%. The company has confirmed further sales and leaseback or SLB agreement signing with BOC Aviation Limited for two new Boeing 737 MAX-8 aircraft.

Swedish car maker Volvo Group has made a profit of 2% after signing a binding contract with Japanese Isuzu Motors to form a strategic alliance in commercial vehicles.

Italian oil and gas company Eni hasn’t changed much since supporting its production outlook for 2008.

Swiss Re rose 2.5%. The reinsurance giant said its capital position is very strong and well-equipped to benefit from improved market conditions.

Saffron, which co-produces the best-selling Airbus and Boeing jet engines with General Electric, has made 2.8% progress after confirming the outlook for 2020.

Air France-KLM, the holding company of Franco Dutch Airlines, announced a quarterly operating loss of € 1.05 billion ($ 1.24 billion), warning of a significant decline in fourth-quarter earnings. After that, it decreased by 2.7%.

Building materials company Saint-Gobain surged nearly 4% after improved full-year earnings forecasts.

Energy giant TotalSE rose 3.5% after third-quarter profits exceeded expectations.

International Consolidated Airlines Group was up 1.7%. Travel demand is stagnant, but it will take at least 2023 for passenger demand to recover to 2019 levels, said Luis Gallego, the new CEO.

Glencore fell 1.2% after cutting coal guidance in 2020.

According to official data, Germany’s retail sales were down 2.2% in real terms in September, as opposed to a 1.8% increase in August, according to economic announcements. Economists predicted a 0.8% monthly decline.

France’s GDP grew 18.2% in the third quarter after recording a sharp decline of 13.7% in the second quarter, according to preliminary data from the Bureau of Statistics Insee. Economists predicted continuous growth of 15.4 percent.

Contact for comments and feedback:

Business news

Source link

Back to top button