Weak earnings drag European stocks lower ahead of ECB meeting

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 66%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

European shares eased from one-month highs on Thursday as a batch of weak earnings and mixed economic data from China dented sentiment, while ...

European shares eased from one-month highs on Thursday as a batch of weak earnings and mixed economic data from China dented sentiment, while investors waited to hear from the European Central Bank.

Europe's luxury goods group Richemont SA fell 5.3per cent as its quarterly sales almost halved, and it gave no details on current trading or the outlook. "The data that came out from China was not terrible by any means, but if you look at consumers, it was not as strong as what investors may have hoped," Rabobank strategist Bas van Geffen said.

 

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:

 /  🏆 6. in CA

Canada Canada Latest News, Canada Canada Headlines

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

China's economy rebounds in second quarter after steep slump, consumption and investment still weakChina's economy returned to growth in the second-quarter after a deep slump at the start of the year, data showed on Thursday, as lockdown ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »