European markets close unchanged after an initial rebound from Turkey fears

European stocks traded lower Tuesday afternoon, even as concerns over Turkey”s economic woes eased.

The pan-European Stoxx 600 ended Tuesday provisionally higher by 0.02 percent at 384.92 with a number of sectors trading in positive territory. Most positive sentiment was partially driven by corporate earnings.

Despite the uptick in the overall average of the Stoxx600, there was a slight bias to selling in the main markets in the U.K., Germany, France, and Italy.

Straumann was among the top-performing stocks, higher after reporting an organic sales growth of about 20 percent for the first time in 10 years. RWE ended higher by 3.6 percent after the German firm announced that it still planned to increase its dividend for the 2018 fiscal year.

Antofagasta, on the other hand, sank to the bottom of the European benchmark, down by more than 6.4 percent. The copper producer reported a 16 percent drop in core earnings in the first half of the year, compared to the same period a year ago.

Source : CNBC

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U.S. Stocks Look Set to Pop Higher as Global Markets Try to Shake Off Turkish Tantrum

U.S. stock-index futures on Tuesday appeared set to rebound, following the path of Europe’s equity benchmarks, as worrisome declines in Turkey’s currency moderated somewhat.

Wall Street also scored a boost from upbeat results from home-improvement giant Home Depot.

Futures for the Dow Jones Industrial Average YMU8, +0.40% rose 115 points, or 0.5%, at 25, 330, those for the S&P 500 index ESU8, +0.40% advanced by 12 points, or 0.4%, at 2,837.50, and Nasdaq-100 futures NQU8, +0.53%  climbed 40.75 points to reach 7,457.50, a rise of 0.6%.

Source : Marketwatch

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Europe markets close lower on Turkey concerns; banks fall

European stocks closed lower on Friday as investors reacted to corporate earnings, fresh turmoil in Turkey and the ongoing trade war between the U.S. and China.

The pan-European Stoxx 600 ended 1.07 percent lower at 385.860. Several sectors including banks and basic resources finished the week nearly 2 percent lower.

Negative trade came as the euro dropped sharply against the dollar, following reports that the European Central Bank (ECB) is concerned over the impact of a weak Turkish lira on European lenders.

The Financial Times said that France’s BNP Paribas, Italy’s UniCredit and Spain’s BBVA could be particularly impacted by the ongoing depreciation of the lira. Most banking stocks ended the session in the red.

Source: CNBC

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