Another busy earnings day in Europe was overshadowed by headlines from the Russia Ukraine crisis.
Upbeat corporate news from many European companies such as Kering and Commerzbank were a bright spot for the region Thursday, but geopolitical worries were keeping a lid on the main stock index.
The Stoxx Europe 600 index SXXP dipped 0.3% to 466.12, in a week that has seen it lose about 0.4% so far. The German DAX DAX fell 0.5% and the FTSE 100 UKX slid 0.7% as oil prices fell. The French CAC 40 PX1 was down just 0.1% thanks to gains in the luxury goods sector. “Whether the intelligence is trustworthy or hysteria, as Russia has labeled it, will soon become clear but in the interim, efforts towards a diplomatic solution continue which will keep investors on edge,” he said.
Stock in Kering KER surged 6% after the luxury goods group said sales and earnings last year recovered well beyond the pre-pandemic period, helped by its core brand Gucci. The company is confident over its margins looking ahead, even if prices have to go up, said finance chief Jean-Marc Duplaix in a media conference.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
European markets set to pull back as investors track geopolitical tensions, earningsEuropean stocks are set to retreat slightly on Thursday as investors continue to monitor geopolitical tensions and digest a slew of corporate earnings reports.
Consulte Mais informação »
European markets head for flat open as Russia-Ukraine fears subside; earnings in focusEuropean markets are set for a muted open as investors assess the geopolitical outlook following Russia's partial withdrawal from the Ukrainian border.
Consulte Mais informação »
S&P 500 ends higher for 2nd day after Fed minutes affirms plan for faster rate hikes, balance-sheet cutsU.S. stock benchmarks end mixed Wednesday, but largely erase earlier losses, after the Federal Reserve's January meeting minutes show support for a faster...
Consulte Mais informação »
BRM locates original Type 15 jig after 70 yearsMost people have old books and TVs sitting in the attic... this guy had Britain's first F1 car up there
Consulte Mais informação »
CSCO Stock Price | Cisco Systems Inc. Stock Quote (U.S.: Nasdaq) | MarketWatchCSCO | Complete Cisco Systems Inc. stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.
Consulte Mais informação »
Gucci powers forecast-beating revenue growth at KeringKering on Thursday reported fourth-quarter revenue jumped nearly a third, beating expectations over the holiday period as marketing investments and 100th anniversary promotion events helped boost the popularity of its top brand Gucci.
Consulte Mais informação »