The pan-regional STOXX 600 index dropped 1.9 per cent in its biggest one-day decline this year, accelerating losses after a lower opening on Wall Street. — Reuters picFRANKFURT, April 21 ― European shares lost nearly 2 per cent yesterday, after hitting record highs a day earlier, as tobacco companies weighed on London stocks and many regional indexes edged off pre-pandemic highs.
After bumper earnings reports from US banks last week, investors are awaiting results from mega-cap technology firms, which helped a strong US market recovery last year but have lagged recently. BMW's first-quarter earnings yesterday showed a much stronger bounce back than expected, helped by higher prices and strong Chinese demand.
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Europe stocks ease from record highs as tobacco firms weigh | Malay MailBRUSSELS, April 20 — European shares pulled back today after hitting record highs a day earlier, as tobacco companies weighed on UK stocks and many regional indexes edged off pre-pandemic highs. British American Tobacco, Imperial Brands and Swedish Match fell between 2.5 per cent and 6 per cent...
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Profit-taking hits US stocks, recession hobbles Europe | Malay MailNEW YORK, May 1 — US markets were hit by a bout of profit-taking yesterday, while in Europe data confirming the eurozone is back in recession dampened investor enthusiasm. Weaker-than-expected Chinese economic data also hit sentiment, with Asia’s main equity indices closing out the week lower....
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