European stocks fall as healthcare, construction sectors drag
4 years, 2 months ago

European stocks fall as healthcare, construction sectors drag

Live Mint  

European shares fell for a third straight session on Wednesday, as losses in healthcare and construction stocks countered a lift from encouraging earnings from consumer giant Nestle and telecoms equipment maker Ericsson. The pan-European STOXX 600 fell 1.0%, in sharp contrast to Asian markets and Wall Street futures that steadied on hopes of a fresh U.S. stimulus package. Most European sectors slipped, with healthcare stocks proving the biggest drag, while banking stocks were supported by rising U.S. and European government bond yields. Moonen pointed to many European countries reimposing mobility restrictions following a surge in COVID-19 cases that could weigh on fourth-quarter economic activity.

Healthcare Earnings Stocks Fall Drag European Construction Sectors Drag Construction Sectors Sectors Drag European Sectors Drag  stoxx  construction  sectors  drag  european  600  surge  earnings  stocks  fall  shares  quarterly  reported  sales  healthcare

History of this topic

Europe Stocks Slip; Investors Await Regional Manufacturing Data
4 months, 1 week ago

Europe Stocks Slip; Investors Await Regional Manufacturing Data

Live Mint  

-- European stocks slipped from Friday’s record close as investors awaited manufacturing data from the region, the first reports in a week heavy with economic statistics. Real estate gained after Morgan Stanley said the sector is now attractive and property portal Rightmove Plc got a takeover offer. The European benchmark has rallied for the past four straight weeks, the longest …

Jump in Europe virus cases hits shares after sharp weekly rally
4 years, 1 month ago

Jump in Europe virus cases hits shares after sharp weekly rally

Live Mint  

European shares edged lower on Friday as surging coronavirus cases compounded fears of the damage to the bloc's economy in the coming winter months, although the benchmark index was still on track for its second straight week of gains. "For all the optimism about a successful vaccine, the reality is that a possible candidate was never likely to be able …

Weak earnings from banks, automakers knock European stocks lower
4 years, 5 months ago

Weak earnings from banks, automakers knock European stocks lower

Live Mint  

European shares fell on Thursday as dismal earnings reports and weaker-than-expected German GDP data took the shine off the U.S. Federal Reserve's vow to keep stimulus taps open to shore up a coronavirus-ravaged economy. Britain's Lloyds Banking Group fell 8.9% as it swung to a rare pretax loss in the first half of 2020, while Spain's BBVA dropped 5.9% as …

Discover Related