- European shares recovered from early losses on Thursday as a solid batch of bank earnings outweighed the impact of falling expectations of U.S. interest rate cuts and a slump in Shell shares after its worst results in more than two years.
Barclays gained 2.7% after the British bank raised its interim dividend following a resilient performance by its trading unit that contrasted with weakening numbers at U.S. competitors. “This would appear to be a welcome boost for CEO Jes Staley whose strategy for turning the bank around has come under fire.”
The continent’s biggest online-only fashion retailer, Zalando , underlined that trend, climbing 10.2% after raising its full-year profit outlook and following upbeat earnings from sportswear maker Puma on Wednesday.
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:
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.
European stocks seen lower after Fed dampens easing expectationsEuropean stocks are seen slightly lower Thursday as traders process a more hawkish tone from the U.S. Federal Reserve and await the Bank of England's Monetary Policy Committee (MPC) meeting.
Source: CNBC - 🏆 12. / 72 Read more »
Here’s how the stock market tends to perform when the Fed cuts ratesThe Federal Reserve is widely expected to cut benchmark borrowing costs for the first time in more than a decade on Wednesday.
Source: MarketWatch - 🏆 3. / 97 Read more »
Global Stocks Slip Ahead of Fed DecisionEuropean stocks edged down after deeper losses in Asia, ahead of a Federal Reserve policy decision Wednesday when the central bank is expected to cut interest rates.
Source: WSJ - 🏆 98. / 63 Read more »
Apple, tech companies lift US stocks ahead of FedU.S. stocks edged higher in early trading on gains from the technology sector after investors rewarded a solid earnings report from iPhone maker Apple Obama
Source: ABC - 🏆 471. / 51 Read more »
Stocks turn negative after Fed decision to cut rates by quarter pointU.S. stocks flipped from modest gains to losses Wednesday afternoon, following the release of a decision by the Federal Reserve's interest-rate setting...
Source: MarketWatch - 🏆 3. / 97 Read more »