FRANKFURT, Aug 7 ― European equities declined yesterday as London stocks were sapped after Glencore scrapped its dividend and oil stocks slid, while investors kept a close eye on Washington for progress on US stimulus. The pan-European STOXX 600 index closed 0.7 per cent lower, with London's FTSE...
The pan-European STOXX 600 index closed 0.7 per cent lower, with London's FTSE 100 falling 1.3 per cent and the German DAX down 0.5 per cent. — Reuters pic
Europe's mining index, which rallied earlier this week, shed 2.5 per cent after Glencore became the first major mining company to scrap its dividend and said that it would prioritise cutting debt. “Progress has been made but doubts are creeping if a deal will be reached before another week passes,” Edward Moya, a senior market analyst at Oanda wrote in a note.
German stocks posted relatively small losses as engineering group Siemens rose 1.6 per cent after forecasting a modest improvement in orders and revenue in the months ahead.Among the fallers, French insurer AXA slid 3.5 per cent after it dropped its 2020 earnings target and said it would not make additional payouts to shareholders in the fourth quarter.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Europe fears second virus wave as Trump takes heat for 'misinformation' | Malay MailWASHINGTON, Aug 6 — While Europe tightened virus restrictions to face the threat of a second wave of Covid-19, US President Donald Trump yesterday found himself in the crosshairs of Facebook and Twitter because of a video in which he claims children are “almost immune” to the new coronavirus....
Read more »
Europe ramps up controls fearing second virus waveGreece announces a ‘wake-up week’ after recording 380 new cases in August. FMTNews Covid19 Europe SecondWave
Read more »
Mini Tesla Cybertruck for Europe?LOS ANGELES: Tesla CEO Elon Musk keeps people guessing and the latest is all about the size of the upcoming Cybertruck. This is related to the production size for the European market and its going to be smaller, maybe. According to the reply from this tweet, Musk said it is 'highly likely' although it is a very brief and general statement. So let's all wait for an official announcement or more cryptic messages from Musk about the Cybertruck.
Read more »
Latin America passes Europe as region with highest virus deathsThe increase in cases comes after authorities relaxed lockdown measures to stimulate the economy. FMTNews
Read more »
US stocks flat as Washington talks drag on | Malay MailNEW YORK, Aug 6 — Wall Street stocks were flat early today as talks in Washington over additional stimulus spending dragged on and weekly jobless claims retreated somewhat. About 30 minutes into trading, the Dow Jones Industrial Average was up 0.2 per cent at 27,251.86. The broad-based...
Read more »
Stocks pause as US stimulus showdown weighs | Malay MailLONDON, Aug 6 — Stock markets took a breather today after several stronger sessions as nervous investors kept an eye on stimulus talks in Washington and China-US tensions weighed on confidence. In Europe, London did worst as the pound rallied on the back of a less pessimistic outlook by the Bank...
Read more »