Europe: Stocks open little changed

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

[LONDON] European equities opened steady as mining shares climbed amid higher copper prices and Asos Plc tumbled on a sales update. Read more at The Business Times.

European equities opened steady as mining shares climbed amid higher copper prices and Asos Plc tumbled on a sales update.[LONDON] European equities opened steady as mining shares climbed amid higher copper prices and Asos Plc tumbled on a sales update.

The Stoxx Europe 600 Index increased 0.1 per cent. Rio Tinto Plc added 0.6 per cent, while retailer Asos slumped 12 per cent as it maintained full-year revenue growth guidance after a December profit warning. Evraz Plc fell 5.5 per cent after Billionaire Roman Abramovich and his partners sold 1.8 pe rcent of the steelmaker through an accelerated book build.

The FTSE 100 Index was little changed as Prime Minister Theresa May looked set to seek a long extension to the UK's European Union membership after the House of Commons speaker torpedoed her plan to win Parliamentary approval for her deal to leave the bloc. European equities have rallied this year amid optimism that global central banks will remain dovish and the US and China will come to an amicable trade agreement. All eyes are on the monetary officials this week amid expectations that the Fed will point the way to just one rate hike in 2019 when it meets Wednesday."The European region lacks self-help and is thus overly dependent on the fate of the global cycle," said Barclays Bank Plc strategist Emmanuel Cau in a note.

 

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

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: London stocks fall before UK budget, Brexit vote[LONDON] London's stock market fell at the open Wednesday ahead of a budget update from the government and parliament's vote on whether to back a 'no deal' Brexit. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Europe: Stocks close at five-month high amid trade and Brexit optimism[LONDON] European shares closed at their highest level in five months on Friday as investors cheered positive signs on US-China trade talks and UK lawmakers' vote to request a delay in a potentially chaotic exit from the European Union (EU). Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Europe: Deutsche merger move take stocks rally to fourth day[BENGALURU] European stocks rose for the fourth session in a row on Monday as a flurry of dealmaking, including merger talks between Deutsche Bank and Commerzbank , spurred gains in the financial services sector. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »