Stock Market
European shares lower on earnings, bonds boosted after Fed
Major European equity markets were lower on Thursday after a raft of corporate earnings in the U.S. and Europe, while prospects of upcoming policy easing in the United States boosted global bonds.
European shares move 1% higher on ASML, earnings boost
European shares climbed 1% on Wednesday, driven by a raft of corporate updates, while heavyweight ASML (AS:ASML) led overall gains on report that the Dutch chip equipment manufacturer would be exempted from a new U.S. rule on foreign chip equipment exports.
European shares muted ahead of Fed meeting, Euro inflation data
European shares opened higher on Tuesday, boosted by gains in technology and oil stocks, while investors held back from placing big bets ahead of the Federal Reserve’s meeting and Euro zone inflation data.
Deutsche Bank shuffles ratings on defense stocks
Deutsche Bank made various adjustments to its ratings on several major defense stocks in separate notes Friday, reflecting changes in the companies’ outlooks and recent performance.
American Airlines cuts annual profit forecast as sales strategy backfires
On Thursday, the airline said it is renegotiating contracts with corporate customers and travel agencies. It is also adding account managers for corporate customers and increasing sales support for agencies.
General Dynamics business jet revenue jumps 50%
General Dynamics reported an 18% rise in second-quarter revenue on Wednesday, helped by higher demand for its ammunitions and nuclear-powered submarines and a 50% year-on-year jump in revenue from business jets.
India hikes taxes on equity and derivatives trading
The government also increased the tax on transactions in equity derivatives segment. On futures trading, the securities transaction tax has been increased to 0.02% from 0.0125% and on options, it has been raised to 0.1% from 0.0625%.
European banks’ earnings in spotlight after big share price gains
The European Central Bank is expected to cut interest rates for a second time in September, but so far banks’ earnings have proved surprisingly robust and their shares have continued higher.
European shares dip as lower commodity prices weigh
European shares fell on Friday and were set for weekly losses, hurt by lower commodity prices and as a rout in global technology shares extended, while investors assessed more earnings updates.
Tech stocks wobble on deepening Sino-US chip war
Chip stocks in Asia tumbled on Thursday while their European counterparts got off to a tentative start after a news report that the United States was considering tighter curbs on exports of advanced semiconductor technology to China.