European stocks waver as investors tread carefully
newsare.net
European stock markets wavered yesterday with investors treading carefully as global slowdown worries return to the fore, with analysts pointing to an economic divergence between the US and the rest of the world. Oil prices fell sharply on profit-taking, oneEuropean stocks waver as investors tread carefully
European stock markets wavered yesterday with investors treading carefully as global slowdown worries return to the fore, with analysts pointing to an economic divergence between the US and the rest of the world. Oil prices fell sharply on profit-taking, one day after nearing six-month highs on supply concerns. Markets await responses from OPEC and Russia after the US said it would not extend waivers that allow certain countries to buy crude from sanctions-hit Iran. Stock markets traders have meanwhile been cheered by a string of better-than-expected earnings from corporate titans this reporting season, with Facebook, Microsoft and Amazon adding to the positive mood on Wall Street, but unable to fuel broad gains. However, there have been a couple of misses from other top firms, while a series of downbeat data and central bank caution have dampened spirits. Central banks in Japan, Sweden, Turkey and Ukraine, with an eye on the global outlook, on Thursday took a dovish turn and flagged softer policy in the near future. That came after a growth forecast cut by the Bank of Canada. Russia's central bank opted to hold its key interest rate on Friday, indicating that inflation passed... Read more














