Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

European shares edge lower as Heineken disappoints; Fed in focus

Published 29/07/2019, 08:37
© Reuters. European shares edge lower as Heineken disappoints; Fed in focus

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
July 29 (Reuters) - European shares opened lower on Monday
as weak earnings from brewer Heineken and an anxious wait for an
expected U.S. interest rate cut offset a surge in London Stock
Exchange Group on its potential deal to buy financial data firm
Refinitiv.
The world's second largest brewer HEIO.AS slipped 5.6%
after it missed estimates for first-half profit, while carrier
Ryanair RYA.I reported a slump in profit and warned on fares.
Shares of London Stock Exchange Group LSE.L surged 11%
after the exchange operator said it was in discussions to buy
Refinitiv Holdings from U.S. buyout fund Blackstone Group BX.N
for $27 billion, including debt. Sanofi SASY.PA advanced 2.3% after it raised its 2019
outlook on the back of strong growth in its vaccines and rare
diseases businesses. That left the pan-European stocks benchmark index .STOXX
down 0.1% by 0710 GMT after ending last week up 0.9%.
Data showing slowing economic growth in the United States
and a fall in China's industrial profits last month solidified
expectations for a 25 basis point cut in interest rates by the
Federal Reserve, which is set to begin its two-day meeting on
Tuesday.
London's FTSE .FTSE was the only major gainer in Europe,
propped up by the LSE news and other deal talks as well as
weakness in the British pound on worries over a no-deal Brexit.
Britain's Just Eat JE.L soared 23.1% on news that it was
in talks to be bought by rival online food delivery firm
Takeaway.com TKWY.AS in a potential 8.2-billion-pound ($10.1
billion) all-share deal.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

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.