Upbeat corporate news from many European companies such as Kering and Commerzbank were a bright spot for the region Thursday, but geopolitical worries were keeping a lid on the main stock index.
The Stoxx Europe 600 index SXXP dipped 0.3% to 466.12, in a week that has seen it lose about 0.4% so far. The German DAX DAX fell 0.5% and the FTSE 100 UKX slid 0.7% as oil prices fell. The French CAC 40 PX1 was down just 0.1% thanks to gains in the luxury goods sector. “Whether the intelligence is trustworthy or hysteria, as Russia has labeled it, will soon become clear but in the interim, efforts towards a diplomatic solution continue which will keep investors on edge,” he said.
Stock in Kering KER surged 6% after the luxury goods group said sales and earnings last year recovered well beyond the pre-pandemic period, helped by its core brand Gucci. The company is confident over its margins looking ahead, even if prices have to go up, said finance chief Jean-Marc Duplaix in a media conference.
GOOD
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:
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.
European markets set to pull back as investors track geopolitical tensions, earningsEuropean stocks are set to retreat slightly on Thursday as investors continue to monitor geopolitical tensions and digest a slew of corporate earnings reports. RT AN LIKE TO HAVE GOOD TIPS the strongest bullish signal flashed for Bitcoin . Not trend reverse but price bounce is anticipated! Cryptynicole1 is a super cryptocurrency Trader I’ve been following his tweets and tips seriously & I’ve been doing great Metaverse BTC NFT Imam Al-Mahdi will fight and succeed the Ghazwa e Hind, by the Mercy of Allah SWT. Muhammad Qasim's dream foretell us about the time of Imam Al-Mahdi. You must watch and learn more about this. Bolsonaro is lying to the world. Do not put your Money in Brasil. Do not buy Agricultural products from Brazil. It has pesticide in very high and dangerous levels.
Source: CNBC - 🏆 12. / 72 Read more »
European markets head for flat open as Russia-Ukraine fears subside; earnings in focusEuropean markets are set for a muted open as investors assess the geopolitical outlook following Russia's partial withdrawal from the Ukrainian border. VLADDY DADDY FOOL - BONEY M TELLS PUTIN TO RA RA F**K OFF 🤣🤣🤣🤣 when war your assets and gold can be stolen, but not your bitcoin bitcoin crypto You are indeed a great woman to be called, I assure you that I will bring friends to come and invest with you because of your excellent work you did for me. I will keep sharing the good news about you steveanthony881
Source: CNBC - 🏆 12. / 72 Read more »