European stocks fall as healthcare, construction sectors drag | Malay Mail

The pan-European STOXX 600 fell 1.0 per cent, in sharp contrast to Asian markets and Wall Street futures that steadied on hopes of a fresh US stimulus package. — Reuters pic

Most European sectors slipped, with healthcare stocks proving the biggest drag, while banking stocks were supported by rising US and European government bond yields. “Earnings have been generally well above expectations, and guidance has been a positive surprise,” said Patrick Moonen, principal strategist in the multi-asset team at NN Investment Partners.

The STOXX 600 has struggled to break out of a trading range since June, when it recouped a large part of the early pandemic-driven losses. The benchmark is still about 16 per cent below its all-time high.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

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

European shares edge higher as earnings counter lockdown worries | Malay MailLONDON, Oct 20 — European stocks inched higher today as strong earnings from Swiss bank UBS, consumer giant Reckitt Benckiser and others offset concerns from tighter coronavirus curbs across the continent and doubts over fresh US stimulus. The pan-European STOXX 600 rose 0.2 per cent, reversing...
Herkunft: malaymail - 🏆 1. / 86 Weiterlesen »

Stock market boom, new listings mint China billionaires at record pace | Malay MailSHANGHAI, Oct 20 — China is minting new billionaires at a record pace despite an economy bruised by the coronavirus pandemic, thanks to booming share prices and a spate of new stock listings, according to a list released today. The Hurun China Rich List 2020 also highlights China’s accelerated...
Herkunft: malaymail - 🏆 1. / 86 Weiterlesen »