After a seven-week high, a fall in the European stock markets was seen this morning. A disappointing result from some Wall Street heavyweights last night leading to a loss of 0.3% on the U.K.’s FTSE 100, while France’s CAC 40 index dropped 0.4% and Germany’s DAX 30 gave up 0.5%.
Retailers posted gains, with shares of Marks & Spencer Group PLC up 1.9%, Next PLC 1.6% higher and Kingfisher PLC rising 1.8%.
Among other outstanding gainers, shares of London Stock Exchange Group PLC jumped 7.4% after the company reported a 39% rise in first-quarter revenue.
Easy Jet PLC climbed 4.2% after J.P. Morgan lifted the airline to overweight from underweight.
Banks were also escalating. Shares of Barclays PLC rose 2.4%, Royal Bank of Scotland Group PLC gained 4% and HSBC Holdings PLC added 1.3%.
Oil firms further rose, tracking a gain for oil prices. BG Group PLC added 1.4%, Royal Dutch Shell PLC rose 0.6% and BP PLC picked up 0.8%.
Google and Microsoft have missed earnings expectations for the second quarter. Shares in both companies fell by more than 4% in after-hours trading.
Looking at economic data the G20 backed a fundamental rethink of the rules on taxing multinational corporations, which was held by the G20 Finance Ministers and Central Bank Governors Meeting in Russia. Also at 9:30am this morning the UK public Finances and Public Net Borrowing will be released.
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European Markets See Fall
Published 07/19/2013, 07:54 AM
Updated 01/01/2017, 02:20 AM
European Markets See Fall
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