European stocks flat as upbeat earnings offset US stimulus doubts | Malay Mail

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LONDON, Oct 7 — European stocks hovered near a two-week high today as upbeat earnings reports from UK’s Tesco and Germany’s Dialog Semiconductor helped offset uncertainties surrounding a fresh US stimulus package. Asian stocks and US futures also recovered from sharp losses that were sparked...

Wednesday, 07 Oct 2020 05:24 PM MYT

Asian stocks and US futures also recovered from sharp losses that were sparked by US President Donald Trump abruptly calling off talks with Democratic lawmakers on the coronavirus relief legislation until after the election. The pan-European STOXX 600 index was trading flat, with banks, insurers and energy companies retreating after a rally in the previous session.

Dialog Semiconductor rose 2.4 per cent after it forecast better-than-expected revenue in its third quarter.

 

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