London stocks drag Europe lower as Glencore, oil stocks weigh | Malay Mail

The pan-European STOXX 600 index closed 0.7 per cent lower, with London's FTSE 100 falling 1.3 per cent and the German DAX down 0.5 per cent. — Reuters pic

Europe's mining index, which rallied earlier this week, shed 2.5 per cent after Glencore became the first major mining company to scrap its dividend and said that it would prioritise cutting debt. “Progress has been made but doubts are creeping if a deal will be reached before another week passes,” Edward Moya, a senior market analyst at Oanda wrote in a note.

German stocks posted relatively small losses as engineering group Siemens rose 1.6 per cent after forecasting a modest improvement in orders and revenue in the months ahead.Among the fallers, French insurer AXA slid 3.5 per cent after it dropped its 2020 earnings target and said it would not make additional payouts to shareholders in the fourth quarter.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

US stocks flat as Washington talks drag on | Malay MailNEW YORK, Aug 6 — Wall Street stocks were flat early today as talks in Washington over additional stimulus spending dragged on and weekly jobless claims retreated somewhat.  About 30 minutes into trading, the Dow Jones Industrial Average was up 0.2 per cent at 27,251.86. The broad-based...
Herkunft: malaymail - 🏆 1. / 86 Weiterlesen »

Stocks pause as US stimulus showdown weighs | Malay MailLONDON, Aug 6 — Stock markets took a breather today after several stronger sessions as nervous investors kept an eye on stimulus talks in Washington and China-US tensions weighed on confidence. In Europe, London did worst as the pound rallied on the back of a less pessimistic outlook by the Bank...
Herkunft: malaymail - 🏆 1. / 86 Weiterlesen »