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European stocks fall from their highest level

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rocky
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European stocks fall from their highest level

Post by rocky on Tue 31 Jul 2018, 2:31 am

European stocks fall from their highest level

22:30 - 30/07/2018
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The European stock market fell Monday from its highest level in six weeks on the back of losses in the industrial and technology sectors and disappointing results announced by a few companies and adversely affected investor confidence.
The Stoxx 600 European index ended the session down 0.3 percent after Friday's strongest weekly gain in nearly five weeks, and Germany's DAX closed down 0.5 percent.
According to the Reuters news agency, the fall in US stocks at the opening on Wall Street led European traders to avoid risk until the end of the session.
Heinken fell 6.5 percent to the top of the decline among stocks listed on the Stokes index after the world's second-biggest brewer announced weaker-than-expected earnings for the first half of the year and lowered its forecast for the full-year profit margin.
France Air Liquide fell 2.5 percent, leading the losers among the index's CAC shares after reporting disappointing first-half operating income.
Shares in Siemens were down 0.4 percent as its unit for medical imaging equipment fell 2 percent after it reported a 10 percent drop in net profit as the dollar strengthened.
Among the day's gainers, Deutsche Bank rose 2.9 percent after the German bank said it had transferred a large part of its euro-clearing activities from London to Frankfurt. End 25 n



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