👀 Copy Legendary Investors' Portfolios in One ClickCopy For Free

European stocks lower ahead of Powell speech, banks weigh

Published 27/08/2020, 08:27
© Reuters.
WPP
-
PUBP
-
STOXX
-
SX8P
-
SX7P
-
SXPP
-
DHER
-

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
Aug 27 (Reuters) - A cautious mood prevailed in European
equity markets on Thursday as investors looked ahead to the U.S.
Federal Reserve Chairman Jerome Powell's outlook on monetary
policy.
The pan-European STOXX 600 index .STOXX slipped 0.2% by
0716 GMT, with banks .SX7P and miners .SXPP leading the
losses.
Tech stocks .SX8P extended gains after another
record-setting session on Wall Street. .N
Investors will be looking for clues on the U.S. central
bank's new strategy for meeting its price stability and maximum
employment goals amid a deep economic crisis caused by the
coronavirus pandemic. Powell is set to speak at 1310 GMT.
French advertising group Publicis PUBP.PA rose 0.9% after
bigger rival WPP WPP.L said it had resumed its dividend after
cost cuts and a switch to faster ad production helped it to beat
dire forecasts for second-quarter trading. WPP shares jumped
4.8%. German online takeaway food group Delivery Hero DHER.DE
slipped 1.7% on announcing the acquisition of online grocery
service InstaShop after almost doubling its revenues in the
first half of 2020.

Latest comments

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.