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Home / Business / European stocks fall as China's policy raises worrisome earnings growth from Reuters

European stocks fall as China's policy raises worrisome earnings growth from Reuters




© Reuters. European stock prices fall as China's policy provides for temperature boost

(Reuters) – European stocks fell from their eight-month highs on Wednesday as concerns over China eased policy easing, bolstering positive outlooks Region of Credit balanced Suisse (SIX 🙂 and SAP.

The supraregional index declined by 0.1

percent at 0732 GMT. The benchmark index has posted gains over the last eight consecutive sessions, with the trend recovering from a weaker opening.

Asian equities were also weak despite reaching an all-time high due to worried investors Beijing slows the pace of political easing for the world's second-largest economy. [MKTS/GLOB]

Germany's appreciation of the country's ifo business climate data, due at 08:00 GMT, while all other major regional exchanges were down.

Car sales fell 1 percent, led by Renault (PA 🙂 after its Japanese partner Nissan Motor Co had reduced its full-year earnings forecast to nearly ten years due to weakness in the US.

US President Donald Trump said on Tuesday that European Union tariffs facing motorcycle manufacturer Harley Davidson Inc. were "unfair" and vowed to retaliate, but did not disclose any further details. The first quarter was a new one local license in Sweden.

The oil and gas sector retreated following a 2% rise in the previous session due to higher crude oil prices.

First Quarter Results Balance Sheet for Banks in the Region: Swiss lender Credit Suisse rose 3 percent after posting a surprise profit and said the second quarter was cautiously optimistic following a difficult start to the year.

The results of Credit Suisse will be followed by those of UBS Group AG and Barclays (LON 🙂 on Thursday and of Deutsche Bank (DE 🙂 on Friday.

The most powerful companies on STOXX 600 were payment services provider Wirecard and the company for enterprise software SAP, which also kept the German DAX afloat.

Wirecard rose 8 percent after a Bloomberg report said the Japanese Softbank intends to invest around € 900 million in a minority stake in the company.

SAP climbed 6 percent, boosting the technology sector by 1.9 percent as the company set ambitious new medium-term profit margin targets after reporting an operating loss in the first quarter, mainly due to restructuring charges was.

Healthcare stocks were boosted by Novartis' gains as the Swiss drug maker raised its forecast for 2019 after a profit and turnover hit in the first quarter.

Swedish truck maker AB Volvo rose after reporting better-than-expected first-quarter operating income due to higher price levels and easing supply chain constraints.

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