Sign up to create alerts for Instruments,
Economic Events and content by followed authors
Free Sign Up Already have an account? Sign In
Quotes
All Instrument Types
- All Instrument Types
- Indices
- Equities
- ETFs
- Funds
- Commodities
- Currencies
- Crypto
- Bonds
- Certificates
Please try another search
🙌 It's Here: the Only Stock Screener You'll Ever Need Get Started
Europe's Stocks Open Steady as Tech, Miners Gain on Trade Talks
Published Oct 08, 2019 03:18AM ET
Updated Oct 08, 2019 03:58AM ET
(Bloomberg) -- European equities were little changed at the open as technology and mining shares climbed before the start of U.S.-China trade talks, while financial services slumped.
The STOXX 600 Index was up 0.1% following two days of gains. Qiagen NV (DE:QIA) tumbled 15% after reporting disappointing earnings and as its chief, Peer Schatz, decided to step down. Uniper SE (DE:UN01) dropped 6.2% after Fortum Oyj (HE:FORTUM) agreed to acquire a majority stake in the company. Fortum gained 2.5%. Electrocomponents Plc jumped 4.7% after saying it’s on track to deliver good progress for the year.
The region’s equities last week had their worst drop in two months as concerns about global growth sent investors searching for the exit. Now all eyes are on the U.S.-China trade talks, which start in Washington later this week. A breakthrough in negotiations would be a major boon for equity markets, which are struggling to find a reason to recover.
“The markets are driven higher by positive Asian markets, trade hope and trend-following strategies,” aid Ulrich Urbahn, head of multi-asset strategy and research at Joh Berenberg Gossler & Co. “However, given the lackluster macro data, increasing policy uncertainty and the overly optimistic 2020 earnings estimates, the upside should be capped."
Related Articles
Add Chart to Comment
Confirm Block
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
Report this comment
I feel that this comment is:
Comment flagged
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.