European stocks fall for first session in 8, with corporate reports in focus

2019-04-23 14:50:00 GMT (Economies.com)
European stocks fall for first session in 8, with corporate reports in focus

The European stocks fell in today's morning trading in the first session of the week, to see its first loss during the last eight sessions, on corrections and profit-taking, after reaching in the previous session their highest level in eight months, which comes as investors wait for a week full of European banks and corporates earnings reports.

 

As of 10:50 GMT, Stoxx Europe 600 fell about 0.3%. The index ended Thursday's session up 0.2%, its seventh daily gain in a row, among the longest daily gain since February, while hitting its highest level in eight months.

 

The European stock markets returned to work after a break on Friday and Monday, on the Good Friday and Easter holidays.

 

The index slipped in today's morning trades near its first loss in eight sessions on corrections and profit taking, with most of the major markets and sectors in the negative zone.

 

Meanwhile, investors are favoring the profit-taking acts right now, especially as this week will see a flow of profit announcements from major European companies and banks, which may be disappointing.

 

Contrary to the trend in Europe, the energy sector rose by more than 1.8%, benefiting from the continued rise of oil to new highs this year, especially after the United States decided to end the waivers granted to some Iranian oil importers.

 

S&P 500 futures fell more than 0.1%, while the index ended yesterday's session on Wall Street rising by 0.1%.

 

Euro Stoxx 50 declined by 0.3%, with France's CAC 40 index falling by 0.2%, and Germany's DAX falling by 0.25%, Whilst in London the FTSE 100 rose by 0.3% unlike the bearish trend in Europe.

 
 
 
  Symbol Last Change Chg.%
1.1071
-0.0027
0.2428%
1.2242
0.0088
0.7265%
17.193
0.089
0.518%
54.035
-0.765
1.396%
58.86
-1.13
1.88%
1507.065
-5.200
0.344%
 
 
US
 
Europe
 
Asia