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Stocks struggle as soft earnings compound interest rate headache

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Mixed earnings raise concern about US economy as European bourses hit by slump in Worldline shares

Traders work on the floor of the New York Stock Exchange in New York City. Photograph by Spencer Platt/Getty Images

In Europe, the Stoxx 600 was little changed, after coming under pressure from a near-60 per cent slump in shares ofMicrosoft“Tech earnings got off to a mixed start last night thanks to a focus on cloud computing, one of the big money spinners for the sector,” Chris Beauchamp, IG Group chief market analyst, said.

also lost ground and on weak trading session for financials, falling 0.3 per cent and 0.8 per cent respectively. London’s top index finished higher despite a “choppy” session as it was supported by strong commodity prices.helped to improve sentiment after weakness earlier this week. The FTSE 100 moved 0.33 per cent, or 24.64 points, higher to finish at 7,414.34.

 

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