European stocks steady as banks offset declines in utilities
© Reuters. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 29, 2023. REUTERS/Staff/File Photo
Strong economic data on Monday and the passage of a U.S. funding bill to avert a federal government shutdown boosted the dollar to 11-month highs and the"The fight against inflation has raised the cost of capital to levels that have triggered open cracks in the global economy," said Peter Garnry, head of equity strategy at Saxo Bank.ORSTED
Miners fell 0.5% as metal prices slid against a stronger dollar, although banks and insurers that tend to benefit from higher interest rates, rose about 0.5%, each. Shares of German online fashion retailer Zalando slid 2.8% after Deutsche Bank cut forecast for adjusted earnings before interest and taxes, while British luxury firm Burberry dropped 2.4% following a UBS downgrade.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
European stocks start fourth quarter with gains; focus on PMI data By ReutersEuropean stocks start fourth quarter with gains; focus on PMI data
Consulte Mais informação »
Credit Suisse, Mozambique reach out-of-court 'tuna bond' settlement By ReutersCredit Suisse, Mozambique reach out-of-court 'tuna bond' settlement
Consulte Mais informação »
Saudi Arabia to tap international debt markets as deficits return By ReutersSaudi Arabia to tap international debt markets as deficits return
Consulte Mais informação »
Ackman's SPARC is seeking new deals with private companies By ReutersAckman's SPARC is seeking new deals with private companies
Consulte Mais informação »
Peruvian annual inflation eases to lowest level in more than two years By ReutersPeruvian annual inflation eases to lowest level in more than two years
Consulte Mais informação »
Philippines eyes maiden sukuk issue in November By ReutersPhilippines eyes maiden sukuk issue in November
Consulte Mais informação »