European Markets Close Lower Amid Earnings

European shares closed lower on Thursday, as investors digested corporate results and cashed in recent gains in the stock market.

The pan-European Stoxx 600 was provisionally off by 1.03 percent at 386.17 at the session close in Europe with all but three sectors in negative territory. Basic resources were down 1.56 percent, becoming the worst-performer. Metals in particular were in the firing line as worries about the Chinese economy persist.

Media stocks were also under pressure, down by 1.36 percent. This as French media conglomerate Publicis fell 8.99 percent after it reported an expected drop in second-quarter sales.

Source : CNBC

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Dow futures pull back after 5-day rally, with earnings in focus

U.S. stocks were poised for a day of mild losses on Thursday, with the Dow industrials on track to pull back from a five-day rally driven partly by optimism over the U.S. economy.

Traders appeared to be pausing for breath as they looked ahead to prominent earnings releases, including from Dow components Travelers and Microsoft, in what is shaping up to be an upbeat season.

Readings on weekly jobless claims and the Philly Fed index are on deck ahead of the open.

Futures for the Dow Jones Industrial Average fell 39 points, or 0.2%, to 25,122, while those for the S&P 500 index dropped 6.75 points, or 0.2%, to 2,809.25. Futures for the Nasdaq-100 index gave up 16 points, or 0.2%, to 7,388.50.

Source: Marketwatch

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European markets open mixed amid earnings; UK makes preparations for ‘no-deal’ Brexit

European shares open mixed on Thursday, as investors await further corporate results and digest political events.

Stoxx Europe 600 opened flat at 387.05 with the different sectors and major bourses taking opposite directions.

France’s CAC 40 index traded 0.2% lower at 5,436.75 at the the open with Germany’s DAX 30 weakened 0.3% to 12,732.31 and U.K.’s FTSE 100 edged down 0.1% to 7,666.99.

Trade relations remain in the spotlight with White House economic advisor Larry Kudlow suggesting that the European Union will be offering a significant deal on trade with the U.S. soon. Speaking to CNBC at a conference Wednesday, he said that European Commission President Jean-Claude Juncker, who is to visit Washington next week, will put on the table “an important free trade offer.” Separately, President Donald Trump also said Wednesday that the White House may prepare a trade deal with Mexico and Canada.

In the U.K., Dominic Raab, the new chief Brexit negotiator is set to publish and spread technical advice for businesses and households in case there’s no agreement with the European Union, the Financial Times reported.

Source: CNBC

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