|Day's Range||7,049.80 - 7,100.75|
|52 Week Range||6,866.90 - 7,903.50|
European markets are feeling the pinch from disappointing earnings. Yahoo Finance’s Alanna Petroff has details from London.
Live from the floor of the New York Stock Exchange, Yahoo Finance's Jared Blikre joins Jen Rogers and Myles Udland to discuss the latest market moves after another series of intraday selloffs in U.S. equities. Here's the performance of select trending stocks for the day of 10/18/2018: HMNY(HB,F) -11.50% ROKU -6.15% JCP(HB) -1.31% NIO(HB) -4.12% SOGO(HB) -3.24% SQ -3.13% CAT -3.71% ADBE -3.13% BIDU(HB) -4.40% BABA -4.04% SNAP(HB) -3.54% IQ(HB) -1.85% NFLX -4.87% NKTR -4.45% TRXC(HB) -0.44% SRPT -1.66% CGC(HB) -2.94% ARWR -1.04% DBX -2.98% AVGO -3.86% FB -2.65% CRM -2.22% PBR -2.93% GOOGL -2.46% FIT -3.21% AMAT -2.97% ABBV -2.57% TSLA -2.70% GOOG -2.22% AMZN -3.27% PYPL 3.38% IBM -2.40% AMD -2.38% HD -2.52% V -1.90% GILD -1.92% AAPL -2.16% QQQ -1.93% BAC -2.11% WFC -2.22% MSFT -1.68% F -2.28% BA -1.67% CELG -1.58% NVDA -1.28% INTC -1.85% SHOP(HB) -1.18% LRCX -0.82% MU -2.29% NKE -0.65%
Italian stocks were higher on Monday, amid some investor relief over a downgrade for the country’s bonds. Fiat Chrysler’s deal for its auto-parts unit put that company among the top gaining stocks.
The market focus is mostly on corporate earnings with several big stocks announcing their latest results. Italian stocks are seeing a relief rally on Monday morning after a ratings downgrade by Moody's was relatively benign. The pan-European Stoxx 600 rose 0.7 percent in early deals with most sectors trading in positive territory.
A busy week ahead sees the BoC and ECB in action, with the Saudis joining China on the hit list and then there’s Brexit and Italy to consider.
Britain’s economy is strong, stocks are inexpensive relative to those in the U.S., and when the Brexit drama passes, the pound sterling should rise.
The U.K.’s main equity index finish higher for the day and week on Friday, pushing aside weakness across global markets and tensions surrounding the Italian budget.
Italian stocks finish a choppy session near break even after an European Union commissioner offers comments that reduced some worries of a EU-Rome clash.
Britain's top share index fell on Friday, led by Intercontinental Hotels Group after disappointing results and budget airline EasyJet Plc following a broker downgrade amid growing gloom in the travel sector. The FTSE 100 reversed earlier gains and was down 0.3 percent by 0926 GMT. Topping the FTSE 100 losers, InterContinental's weaker-than-expected revenue added to the downbeat mood and stirred concerns about the cooling travel sector, even after the hotel chain said it would return 500 million euro ($572 million) to shareholders through a special dividend.
’s move to increase control of the LCH clearing business may add to the prospects of a merger under new CEO David Schwimmer, AJ Bell says. Meanwhile, LSE Group’s third-quarter results showed positive momentum in its clearing and index operations, AJ Bell says. slide 6%, topping the list of FTSE 100 fallers, after the company said that comparable revenue per available room rose 1% in the third quarter, and that it is confident in the outlook for the rest of the year.
Asian stocks clawed back losses on Friday as China's efforts to bolster investor confidence helped its share markets rally, although data showing the world's second-largest economy growing at the slowest pace since 2009 capped broader gains. The MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.3 percent after earlier falling as much as 0.9 percent ahead of the release of China's latest GDP reading. Spreadbetters in Europe expect shares in Germany, where big exporters are sensitive to the health of China's economy, to fall at the open, with the DAX seen opening down 0.15 percent.
The British royal family needs impeccable timing and a strong sense of duty, but arranging for a royal baby to arrive around the March 29 date set for Brexit next year is going above and beyond. Sadly for the government, the announcement of Meghan Markle’s pregnancy—along with a minor royal wedding—hasn’t managed to distract from its troubles at the negotiating table with the European Union. Despite the crisis, the London stock market is calm, and those looking for bargains will be disappointed.
Europe’s main equity benchmarks finish Thursday’s session lower after spending much of the day trading in the green thanks to better-than-expected corporate results.
The U.K.’s main equity index on Thursday trades slightly higher, benefiting partly from lackluster trade in the British pound.
BEIJING (AP) — Asian stock markets sank Friday after Wall Street declined on losses for tech and industrial stocks and Chinese economic growth slowed.
With U.K. and EU officials at an impasse over the thorny issue of the Irish customs border, there is still no clarity on what will happen post-divorce. A soft Brexit with a clear outline for future economic ties remains most investors’ base scenario, once the day arrives. The EU is now aiming for a December summit to complete an agreement, though an earlier meeting is still possible, a government official told Bloomberg News.
Europe’s main equity benchmark falls Wednesday, as hand-wringing around faltering negotiations between the European Union and the U.K. over a trade deal to exit from the trade bloc remain a key focus and U.S. stocks are headed for a rough session.
Mediclinic (MDCM.L) (MEIJ.J) on Wednesday flagged an 8 percent drop in core profit for the first six months of the year, sending its shares tumbling 19 percent. The private hospital group, which is listed in London and Johannesburg, blamed weaker-than-expected growth in admissions in Switzerland and a slow second quarter in Southern Africa. Group adjusted core profit, or EBITDA, would fall to 214 million pounds ($282 million) versus 232 million pounds in the same period a year ago.
Britain's top stock index climbed on Wednesday, with Pearson's outlook impressing the market, while mid-cap Mediclinic sank by a fifth after its results missed estimates. The FTSE 100 (.FTSE) was up 0.3 percent by 0835 GMT after weaker-than-expected inflation data took the pound down a notch. Shares in education publisher Pearson (PSON.L) topped the FTSE with a 3.9 percent rise after it stuck to its target of returning to profit this year.
Shares in FTSE 250 Crest Nicholson fell as much as 14 per cent to the bottom of the FTSE All Share when the market opened, while Persimmon, Taylor Wimpey and Barratt were all down 1 per cent. Meanwhile London-listed and South Africa-based medical group Mediclinic plummeted 12 per cent on a six-month trading update, in which the company reported revenue had fallen 1 per cent and adjusted ebitda had fallen 8 per cent. In Europe, the German-listed medical company Fresenius Medical Care also fell 14 per cent after the group cut its target for 2018 amid poor third-quarter results.
The group, which is the UK’s largest listed property company by market capitalisation, leased space that will generate £52m of rent during the period, up from £36.4m the year before, it said in a trading update. David Sleath, chief executive, said: “The structural trends of e-commerce and urbanisation continue to underpin occupier and investor demand for prime warehouse space, notwithstanding near-term economic and political uncertainty in the UK.
Europe's technology stocks were the top performers. Investors are monitoring earnings and Brexit talks. European stocks turned lower in early afternoon trading, dragged down by auto stocks. The pan-European Stoxx 600 was off by 0.