European markets open higher amid earnings; Google in focus

European shares open higher on Wednesday carrying on the positive sentiment that kickstarted on Wall Street.

The Stoxx Europe 600 rose 0.3% to 386.08 at the open with almost every sector in positive territory.

U.K.’s FTSE 100 and France’s CAC 40 gained 0.4% to 7,656.30 and to 5,441.69 respectively while Germany’s DAX added 0.5% to 12,729.02.

Investors will be particularly focused on Brussels and on Alphabet shares Wednesday. Media reports suggest the U.S. tech giant Google might be hit with its biggest ever regulatory fine as the European Commission presents the findings of an eight-year probe into the company’s operating system for mobile phones.

In terms of earnings, Akzonobel, Danske Bank, Ericsson, Novartis and Easyjet are among the companies reporting.

Source: CNBC

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European stocks close higher amid earnings; Fed’s Powell addresses Congress

The pan-European Stoxx 600 closed provisionally 0.24 percent at 384.98 higher with major bourses and sectors in mostly positive territory.

Basic resources stocks were the best performers, up by 1.27 percent on earnings news, while at the other end telecoms fell by 1.19 percent amid consolidation news. Shares of Norway’s Telenor tracked almost 4 percent lower after an acquisition deal between Telia and TDC’s Norwegian unit raised concerns over the company’s market share.

Looking across the benchmark, shares of Schibsted rose almost 12.6 percent, leading the gains in Europe, after reporting an all-time high in earnings and 7 percent above Reuters consensus. Thyssenkrupp also jumped more than 9 percent following news the chairman resigned after the company’s CEO left last week due to shareholder pressure. At the other end, Husqvarna dropped 17.37 percent on disappointing results. The company lowered its operating margin targets for this year.

Source : CNBC

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European stocks open mixed amid earnings; Fed’s Powell to address Congress

Stocks in Europe open mixed Tuesday as investors await further corporate results and remarks by Federal Reserve Chairman Jerome Powell.

The Stoxx Europe 600 opened flat at 383.96 with the major bourses and sectors taking different directions. France’s CAC 40 and Spain’s IBEX 35 started the day 0.1% lower at 5,405.14 and 9,707.00 respectively.

Market players will be following what happens Tuesday at Capitol Hill, where Fed Chairman Jerome Powell will be speaking to lawmakers about the Fed’s monetary policy. His testimony will come at a time when investors are paying special attention to the yield curve — which compares long and short-term interest rates — as this indicator has previously anticipated economic recessions.

Another market focus this Tuesday is corporate results. TomTom, Telenor, SEB and Royal Mail are among the companies reporting in Europe; and Goldman Sachs will be posting its results during the U.S. trading session.

Source: CNBC

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Sumber : bpfnews.com

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