Daimler warning pressures European shares, eyes on G20

- A profit warning from Mercedes-Benz maker Daimler dampened European stock markets early on Monday, as investors looked for direction to a G20 summit this week that brings U.S. and Chinese leaders together after a long lull in talks.

That, allied to data showing German business morale fell in June, sent peers Volkswagen AG Bayerische Motoren Werke AG and Porsche Automobil Holding down about 1%. “For the time being traders are looking forward to the G20 summit ... By and large what we’ve heard in the last two or three weeks from the U.S.-China trade situation, it seems to have been positive.”

The benchmark index has gained 4.3% this month, recouping almost all of its losses from a sharp sell-off in May, as the Federal Reserve and European Central Bank signaled that they were ready to act to counter the impact of trade tensions on a slowing global economy.

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Daimler warns on 2019 profit outlook as diesel issues biteDaimler cut its 2019 earnings outlook on Sunday after lifting provisions for iss... Guardian will blame Brexit. « The increase in the provision is likely to be 'a high three-digit million euro amount', it added. » Fine secured 😂😂😂😂 its not about the calculated less market-Chances in China and USA? It is not about the tariffs? Not about steel and rising costs by ressources? Its not about the need of other companys too? No... its the 'Diesel'-bite? Daimler - Witzfiguren ;)
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