Investing.com - Financial Markets Worldwide
🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

European shares dip as focus turns to corporate earnings

Published 15/04/2020, 08:23
© Reuters.
FCHI
-
TOM2
-
STOXX
-

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
April 15 (Reuters) - European shares headed lower on
Wednesday after a five-day rally, with investors turning to the
first-quarter earnings season to gauge the extent of the
business damage from the coronavirus pandemic.
The pan-European STOXX 600 index .STOXX was down 0.2% at
0713 GMT, after surging almost 8% since April 6 on early signs
the health crisis was ebbing and on hopes that sweeping lockdown
measures would soon be lifted.
The benchmark index has recovered about 24% since hitting an
eight-year low in March, but is still down about 22% from its
record high and analysts warn an uptick in coronavirus cases
could spark another sell-off.
French shares .FCHI fell 0.3% as France became the fourth
country to report more than 15,000 deaths due to the coronavirus
after Italy, Spain and the United States. Dutch navigation and digital mapping company TomTom
TOM2.AS shed 2.7% after saying it expected negative free cash
flow this year and lower revenue from its automotive and
consumer businesses due to the pandemic.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.