Oct 24 - European shares reversed early declines to gain on Tuesday as robust earnings from the region and the U.S. outweighed concerns about downbeat economic data in the euro zone, while bank shares underperformed.U.S. stocks rose as a sell-off in U.S. Treasuries eased, while upbeat corporate forecasts boosted optimism about corporate America's health in the face of a slowing economy and higher inflation.
Lenders were however a drag, down 1.0% as Barclays fell 6.5% after the British lender hinted at major cost cutting later this year and warned competition for savers' money was eating into its margins. "We're seeing the impact of increased borrowing costs in the fact that business activity in Germany has contracted again, so a real expectation that a recession is well underway, certainly in that part of the euro zone," said Danni Hewson, head of financial analysis at AJ Bell.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Wall Street drifts lower as pressure rises from the bond marketNEW YORK (AP) — Wall Street is drifting lower in early trading as pressure from the bond market continues to build. The S&P 500 was down 0.5% early Monday. The Dow lost 171 points, and the Nasdaq composite was off 0.6%.
Source: SooToday - 🏆 8. / 85 Read more »
A Shrinking $1.3 Trillion Securities Market Is Bad News for the Economy(Bloomberg) -- For a fleeting moment this month, investment bankers in leveraged finance — the lucrative lending that oils the wheels of M&A and feeds the...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
A Shrinking $1.3 Trillion Securities Market Is Bad News for the EconomyAbout 40% of issuers in this crucial area of corporate finance are yet to price a new deal this year. That’s an unwelcome signal for Wall Street — and business.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
US futures rise amid earnings deluge, with big techs to come: Stock market news todayEyes are on results from Microsoft and Alphabet, the highlights in an avalanche of earnings reports on Tuesday.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stocks rise amid earnings deluge, with big techs to come: Stock market news todayStocks rose as investors await results from Microsoft and Alphabet, the highlights in an avalanche of earnings reports Tuesday.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stocks rise amid earnings deluge, with Big Tech to come: Stock market news todayStocks rose as investors awaited results from Microsoft and Alphabet, the highlights in an avalanche of earnings reports Tuesday.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »