Europe: ECB report eases earnings pain for stocks

[BENGALURU] European stocks ended lower on Thursday, as earnings worries ran high after poor results from software firm SAP sank technology shares, although hopes of looser monetary policy from the European Central Bank helped indexes bounce off early lows.

Global stock markets have been recovering strongly from a sharp correction in May, helped by expectations that central banks will funnel more cash into the economy to counter a global slowdown driven by the US-China trade war.But a combination of earnings worries, and some slightly stronger economic numbers which may prevent policymakers from acting, have weakened sentiment globally in the past week.Shares in Europe's most valuable tech company fell 5.

London-listed stocks slid 0.5 per cent as the FTSE 100's internationally focused companies were hurt by gains for the pound on strong retail sales numbers and a vote by lawmakers to make a no-deal Brexit harder to achieve.

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Europe: Downbeat Swedish earnings, oil slide hurt European shares[BENGALURU] European stock markets lost ground on Wednesday after three straight days of gains, with Swedish share prices hit by a slew of poor quarterly results and oil majors across the region reeling from this week's slide in oil prices. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »