European stocks close lower as geopolitical worries remain on traders’ radars

European stocks ended lower on Monday, as traders weighed the limited strikes on the Syrian regime over the weekend and the potential for additional U.S. sanctions against Russia.

Shares in Whitbread PLC surged after a U.S. activist hedge fund increased its stake in the British hotel and coffee-shop operator, but drops for Software AG and Polymetal International PLC helped put the brakes on the Stoxx Europe 600.

The Stoxx Europe 600 dropped 0.4% to close at 377.74, pulling back after achieving three up weeks in a row.

The pan-European gauge continues to show a year-to-date fall, down 2.9%.

FranceA?a��a�?s CAC 40 shed less than 0.1% to 5,312.96, while GermanyA?a��a�?s DAX 30 fell 0.4% to 12,391.41.

The U.K.A?a��a�?s FTSE 100 slid 0.9% to 7,198.20 as the pound % rallied to $ 1.4323 from $ 1.4239 late Friday in New York.

The euro rose to $ 1.2368 from $ 1.2331 on Friday.

Source: marketwatch

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Dow jumps 200 points at the open, shaking off geopolitical angst–for now

The Dow Jones Industrial Average opened firmly higher on Thursday, along with the broader market, as rising tensions in the Middle East to a back seat to coming corporate earnings, which are expected to be strong.

The Dow rose 210, or 0.9%, at 24,405, the S&P 500 index climbed 0.6% at 2,658, while the Nasdaq Composite Index advanced 0.6% at 7,113.

Geopolitical concerns have receded somewhat a day after President Donald Trump suggested that a retaliatory strike against Syria, in response to a suspected chemical-weapons attack over the weekend, may be imminent.

However, in a recent tweet, he played down the timing of any military response. The possibility of conflict between Syria and the U.S., could also draw in Damascus allies, Iran and Russia, market participants fear.

In economic reports, initial jobless claims fell in the first week of April and returned near the lowest levels since the early 1970s. In corporate news, BlackRock Inc shares gained after the asset-managing giant reported earnings and revenue that came in ahead of forecasts.

Source: Marketwatch

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U.S. stock market snaps 2-sessions string of gains as geopolitical worries weigh

U.S. stocks closed in the red on Wednesday, as worries about geopolitical developments deflated the buying mood on Wall Street.

An early morning tweet by President Donald Trump implied the possibility of a military strike in Syria and set the downbeat tone for the session. Threat of a military strike in Damascus comes after a suspected chemical-weapons attack that killed civilians in the town of Douma over the weekend. Wall Street investors fear that a response by the U.S. could lead to a retaliation from Syria’s ally Russia.

The Dow Jones Industrial Average finished 0.9% down, while the S&P 500 ended Wednesday 0.6% lower. The tech-heavy Nasdaq Composite Index finished 0.4% lower. In individual stocks, Facebook remained in focus as the company’s CEO Mark Zuckerberg testified on Capitol Hill for second day.

Source : Market Watch

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