European shares slump on virus fears, banks hit by weak earnings

) dropped 5.8% after swinging to a loss in the first quarter as the COVID-19 pandemic drove up loan loss provisions.

The global mood tracked a grim overnight session on Wall Street after a top U.S. infectious disease expert warned that premature moves to reopen U.S. economy could have dire consequences.

Banks are cheap investment now if you have the spare cash and can wait a year....Irish banks particularly are at an all time low right now and are my choice for a long term investment.

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Defensives, upbeat earnings lift European sharesEuropean shares edged higher on Tuesday, led by defensive stocks and a clutch of upbeat earnings reports as investors worried about the risk of resurgence in new coronavirus cases due to the lifting of lockdowns by some countries. How corone create financial problems even in the richest eu economies I wonder if journalists has influence in holiwood might be creating new action or scifi movie about global corona conspiracy or you may call new movie pandora box anihow movie could get big money in theatar in all world maybe few bilions dollars if movie is good interesting
Herkunft: Reuters - 🏆 2. / 97 Weiterlesen »

Asian stocks set to fall on growing second virus wave fearsAsian equities and oil prices were set to slip on Tuesday amid growing investor worries about a second wave of coronavirus infections after the Chinese city where the pandemic originated reported its first new cases since its lockdown was lifted. No one should do business with China ever again These headlines are so lame. Making up reasons why stocks rise or fall. Stocks move because of liquidity. End of!! An uncertain pathway is currently paving its way into all of our lives.
Herkunft: Reuters - 🏆 2. / 97 Weiterlesen »