European stocks fall from 4-month high after downbeat data

European stocks closed sharply lower on Wednesday, weighed by the return of geopolitical concerns after comments by U.S. President Donald Trump and a round of disappointing eurozone data.

The pound dropped to a 2018 low after U.K. inflation unexpectedly slipped in April.

The Stoxx Europe 600 index lost 1.1% to close at 392.58, pulling back from Tuesday’s close, which was the highest since Jan. 29. WednesdayA?a��a�?s loss marks the benchmarkA?a��a�?s worst day since March 22, when it declined 1.6%.

Germany’s DAX 30 index slumped 1.5% to 12,976.84, while FranceA?a��a�?s CAC 40 index dropped 1.3% to 5,565.85.

The U.K.’s FTSE 100 index fell 1.1% to 7,788.44.

In Italy, the FTSE MIB index slid 1.3% to 22,911.71 as traders waited for President Sergio MattarellaA?a��a�?s decision on the prime minister candidate put forward by a euroskeptic alliance to lead their coalition government.

Source: Marketwatch

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Asia Stocks Climb Amid Solid U.S. Economic Data, Tencent Results

Asian stocks rose after Chinese tech giant Tencent Holdings Ltd. reported strong profit growth and solid U.S. economic data gave investors some reprieve amid ongoing U.S.-China trade talks in Washington.

The MSCI Asia Pacific Index rose 0.3 percent to 175.16 as of 10:36 a.m. in Hong Kong, brushing past rising U.S. 10-year Treasury yields. Japan’s Topix Indexgained as the yen held recent losses against the U.S. dollar. Tencent gave the regional benchmark gauge a boost after climbing as much as 7.1 percent. The company reported record quarterly profit and analysts said its gaming revenue may slide in the short term as it works at monetizing products but the companyA?ai??i??ai???s long-term outlook remains solid.

Source : Bloomberg

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European stocks inch higher with data, earnings deluge in focus

European stocks ended a volatile session slightly higher on Tuesday, as traders digested a mixed bag of economic data and a deluge of corporate news.

Italian stocks advanced as talks between two anties tablishment parties continued.

The Stoxx Europe 600 index rose 0.1% to close at 392.37, after swinging between small gains and losses throughout the day.

ItalyA?ai??i??ai???s FTSE MIB index rose 0.3% to 24,297.17 as traders continued to watch developments in Italian politics.

GermanyA?ai??i??ai???s DAX 30 index fell 0.1% to 12,970.04, while FranceA?ai??i??ai???s CAC 40 rose 0.2% to 5,553.16.

The U.K.A?ai??i??ai???s FTSE 100 index ended 0.2% higher at 7,722.98.

The euro was down at $ 1.1865 compared with $ 1.1929 late Monday in New York. The pound traded at $ 1.3510, down from $ 1.3556 on Monday.

Source : Market Watch

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