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16.04.2024 11:32:34 - dpa-AFX: European Shares Fall On Geopolitical Worries, US Rate Woes
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks were sharply lower on
Tuesday amid signs of escalating tensions in the Middle East and uncertainty
over the Fed's rate trajectory.
Israel is weighing possible response actions to Iran's aggression, but it is not
clear if a decision has been made.
In economic releases, German wholesale prices dropped 3.0 percent on a yearly
basis in March, the same as in February - data from Destatis revealed earlier
today. Wholesale prices have been falling since April 2023.
The headline German ZEW Economic Sentiment Index jumped from 31.7 in March to
42.9 in April, beating forecasts.
The ILO U.K. jobless rate rose to 4.2 percent in three months to February from
3.9 percent in three months to January, the Office for National Statistics said.
The pan European STOXX 600 dropped 1.4 percent to 498.82 after closing 0.1
percent higher on Monday.
The German DAX and the U.K.'s FTSE 100 both were down around 1.4 percent, while
France's CAC 40 slipped 1.2 percent.
The dollar rose to a five-month high against the euro and pound after the
release of stronger-than-expected U.S. retail sales data for March.
In corporate news, Sweden's Ericsson jumped 6.5 percent after posting
better-than-expected first-quarter earnings.
Superdry shares plummeted 29 percent in London after the struggling retailer
said it would delist from the London Stock Exchange as part of a far-reaching
restructuring plan.
Similarly, Dr Martens plunged 30 percent after the shoemaker flagged a
challenging 2025 outlook and announced the departure of chief executive Kenny
Wilson.
Global payments technology company Wise slumped 7.6 percent after revenue in its
fourth quarter came in below analyst estimates.
Vallourec fell nearly 2 percent in Paris. The steel tube products manufacturing
company said it launched offering of $820 million Senior Notes due 2032.
German skincare maker Beiersdorf gained 1.7 percent after upgrading its 2024
sales guidance.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
Tuesday amid signs of escalating tensions in the Middle East and uncertainty
over the Fed's rate trajectory.
Israel is weighing possible response actions to Iran's aggression, but it is not
clear if a decision has been made.
In economic releases, German wholesale prices dropped 3.0 percent on a yearly
basis in March, the same as in February - data from Destatis revealed earlier
today. Wholesale prices have been falling since April 2023.
The headline German ZEW Economic Sentiment Index jumped from 31.7 in March to
42.9 in April, beating forecasts.
The ILO U.K. jobless rate rose to 4.2 percent in three months to February from
3.9 percent in three months to January, the Office for National Statistics said.
The pan European STOXX 600 dropped 1.4 percent to 498.82 after closing 0.1
percent higher on Monday.
The German DAX and the U.K.'s FTSE 100 both were down around 1.4 percent, while
France's CAC 40 slipped 1.2 percent.
The dollar rose to a five-month high against the euro and pound after the
release of stronger-than-expected U.S. retail sales data for March.
In corporate news, Sweden's Ericsson jumped 6.5 percent after posting
better-than-expected first-quarter earnings.
Superdry shares plummeted 29 percent in London after the struggling retailer
said it would delist from the London Stock Exchange as part of a far-reaching
restructuring plan.
Similarly, Dr Martens plunged 30 percent after the shoemaker flagged a
challenging 2025 outlook and announced the departure of chief executive Kenny
Wilson.
Global payments technology company Wise slumped 7.6 percent after revenue in its
fourth quarter came in below analyst estimates.
Vallourec fell nearly 2 percent in Paris. The steel tube products manufacturing
company said it launched offering of $820 million Senior Notes due 2032.
German skincare maker Beiersdorf gained 1.7 percent after upgrading its 2024
sales guidance.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
| Name | WKN | Börse | Kurs | Datum/Zeit | Diff. | Diff. % | Geld | Brief | Erster | Schluss | |
|---|---|---|---|---|---|---|---|---|---|---|---|
 |
CAC 40 | 969400 | Paris | 8.065,15 | 29.04.24 18:05:02 | -23,09 | -0,29% | - | - | 8.116,43 | 8.088,24 |
|
FTSE 100 | 969378 | Financial Times SE | 8.147,03 | 29.04.24 17:35:30 | +7,20 | +0,09% | - | - | 8.139,83 | - |
|
DAX ® | 846900 | Xetra | 18.118,32 | 29.04.24 17:50:00 | -42,69 | -0,24% | - | - | 18.162,15 | 18.161,01 |
|
E-STOXX 50 ® | 965814 | STOXX Ltd. | 4.981,09 | 29.04.24 17:50:00 | -25,76 | -0,51% | 0,000 | - | 5.014,22 | 5.006,85 |
