European markets close higher after latest trade war jolt; Gerresheimer surges 8%

European stocks closed higher Thursday as investors consolidated steep losses from the previous session when heightened fears of an escalation to the U.S.-China trade war soured sentiment.

The pan-European Stoxx 600 rose 0.78 percent to close at 384.370, with all major bourses and most sectors in positive territory.

Media was the best performing sector on Thursday, rallying to close 2.3 percent higher. Earlier in the day, the U.K. government cleared the way for Twenty-First Century Fox’s bid to buy European pay-TV platform Sky, for which it is competing against U.S. rival Comcast. Sky ended the day 3.4 percent to the upside.

Healthcare stocks also rose throughout the day to close just over 2 percent in the green thanks to a boost from German pharmaceuticals packaging maker Gerresheimer, which led the gains across Europe. The firm closed 7.6 percent higher after it announced an extension of its business model and upgraded growth forecasts, though it had been trading above 9 percent earlier on in the afternoon.

Source: CNBC

PT Bestprofit Futures – MARKET
Sumber : bpfnews.com

European Markets Higher After Latest Trade War Jolt

European stocks were slightly higher Thursday morning, as investors consolidated steep losses from the previous session when heightened fears of an escalation to the U.S.-Sino trade war soured sentiment.

The pan-European Stoxx 600 was up around 0.25 percent shortly at 381.44 after the opening bell, with almost all sectors and major bourses in positive territory.

Gerresheimer led the gains in Europe, up by 6 percent, after announcing an extension of its business model and an increase of its growth forecast. Moller-Maersk rose above 3 percent after a ratings upgrade from Goldman Sachs and Sky shares also rallied 2.7 percent after a renewed offer from Comcast. The latter submitted a $ 34 billion bid for the group just hours after Rupert Murdoch’s Fox had increased its offer too.

Source : CNBC

PT Bestprofit Futures – MARKET
Sumber : bpfnews.com

US stocks halt 4-day win streak as latest China tariffs

US stocks snapped a four-session winning streak Wednesday after the Trump administration announced new tariffs on Chinese goods, further escalating tensions between the two largest economies in the world, which some investors fear could morph into a full-on trade war.

The Dow Jones Industrial Average slumped 219.21 points, or 0.9%, to 24,700.45.

The S&P 500 fell 19.82 points, or 0.7%, to 2,774.02. Only 1 of the 11 primary S&P 500 sectors closed in the green, with materials and the industrial sectors, both of which are seen as sensitive to trade issues, among the biggest losers. The energy sector also weighed on the market, tumbling more than 2% alongside a steep drop in the price of crude-oil futures. The utilities sector, up 0.9%, was the sole gainer.

The Nasdaq Composite Index shed 42.59 points, or 0.6% to 7,716.61.

Source : Marketwatch

PT Bestprofit Futures – MARKET
Sumber : bpfnews.com

1 2 3 6