News Formal

Europe: Earnings drive big swings in stocks ahead of Fed meeting

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

[BENGALURU] Europe's main stocks benchmark closed nearly flat on Wednesday, as investors waited to hear from the US Federal Reserve, but a flurry of earnings reports drove big swings in individual stocks. Read more at The Business Times.

France's CAC 40 outperformed its continental peers with a 0.6 per cent rise after positive earnings updates from luxury group Kering, electrical equipment group Schneider Electric and consulting firm Capgemini.

"Companies that have managed earnings and sales, there have been aggressive cost measures put in place." Eurozone banks took a beating as Deutsche Bank fell 2.5 per cent after giving a slightly improved outlook for the year, but chief executive Christian Sewing damped speculation that the lender was eager to revive merger talks with Commerzbank.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Europe: Defensive stocks help close higher as focus turns to US stimulus[BENGALURU] European shares closed modestly higher on Tuesday, as investors assessed a batch of mixed earnings reports while holding out for more US stimulus to limit the economic damage of Covid-19. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Europe: Travel stocks drag Stoxx 600 lower after UK's quarantine move on Spain[BENGALURU] European shares slipped on Monday with travel stocks leading the declines after Britain imposed a two-week quarantine on travellers returning from Spain after a surge in coronavirus cases. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »