[BENGALURU] European stock markets lost ground on Wednesday after three straight days of gains, with Swedish share prices hit by a slew of poor quarterly results and oil majors across the region reeling from this week's slide in oil prices.
"The fear is that if they are softening, what is it going to look like if we do get these interest rate cuts," said David Madden, market analyst at CMC Markets in Britain."The perception is that banks are going to be under pressure and that is going to spread out in the sector as a whole.
"There is a small bit of fear in relation to Mr Trump's comments. It showed that the trade deal was unresolved and encouraged profit taking," said Mr Madden.
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.
Europe: Stock markets dip at open[LONDON] Europe's main stock markets eased at the start of trading on Wednesday, with London's benchmark FTSE 100 index down 0.2 per cent at 7,563.88 points. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Europe: Stocks wobble in early deals[LONDON] Europe's stock markets wobbled in early deals on Tuesday, with London's benchmark FTSE 100 index up 0.1 per cent to 7,535.57 points. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Europe: Stocks closes higher as upbeat China data boosts German shares[BENGALURU] European stocks ended higher on Monday as trade-sensitive German equities took heart from surprisingly strong Chinese data after worries about domestic growth led to a shaky start. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
PayPal launches international money transfer service Xoom across EuropeU.S. payments company PayPal is expanding further in Europe by launching its international money transfers service Xoom in Britain and 31 other ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »