European stocks close higher on earnings; EU hits Google with record fine

European shares closed higher Wednesday, with investors maintaining their focus on corporate earnings.

The pan-European Stoxx 600 closed provisionally 0.54 at 387.06 higher with almost every sector in positive territory. Technology led the gains, up by 2.53 percent, on earnings. Ericsson rose 8.52 percent after reporting second-quarter results at the higher-end of its guidance.

On Wednesday, investors monitored Brussels and Alphabet shares. U.S. tech giant Google was hit with its biggest ever antitrust fine — a $ 5 billion levy — after the EU ruled that its Android mobile operating system had abused the mobile software’s dominance in the industry. Google said it would appeal the decision. Alphabet’s stock slipped slightly following the EU announcement.

On Wall Street, stocks traded mixed following weaker-than-expected housing data; traders also continued to monitor incoming corporate results.

Source : CNBC

PT Bestprofit Futures – MARKET
Sumber :

The Dow Edges Slightly Higher, Attempts Longest Win Streak in About 2 Months

The Dow Jones Industrial Average inched higher early Wednesday and the broader market saw subdued action at the open, as investors awaited fresh impetus to push equities in either direction.

Wall Street was set to hear a second day of testimony, at 10 a.m. Eastern Time, from Federal Reserve Chairman Jerome Powell. This time in front of the House Financial Services Committee, a day after after he expressed optimism about the economy in front of the Senate and hinted at further rate increases in 2018, “for now.” An anecdotal survey of business conditions in the Fed’s districts, known as the Beige Book, to be released at 2 p.m. also was in focus.

The Dow rose 11 points, or less than 0.1%, at 24,133, on pace for its longest win streak since May 14, the S&P 500 index traded flat at 2,810, while the Nasdaq Composite Index edged slightly higher at 7,858. Shares in Morgan Stanley were also watched by market participants after the bank reported second-quarter earnings rose 39% from last year, beating analyst expectations. The announcement caps off second-quarter earnings from the six largest banks, which underscored strength in the economy. That said, a reading of housing starts came in weaker than expected. Housing starts in June dropped by 12.3% from lowered numbers in May and were 3% lower than year-ago levels.

Source : Marketwatch

PT Bestprofit Futures – MARKET
Sumber :

1 2 3 3,780