• European shares rose slightly in early deals on Friday, timidly recovering from heavy losses

    MILAN (Reuters) - European shares rose slightly in early deals on Friday, timidly recovering from heavy losses suffered earlier this week after U.S. political turmoil fuelled worries over U.S. President Donald Trump's stimulus plans, denting risk appetite.

     

    The pan-European STOXX 600 index rose 0.3 percent by 0725 GMT, but was down  1.5 percent on the week, its biggest weekly loss since early November. Britain's FTSE was up 0.4 percent and euro zone blue chips added 0.3 percent.

     

    While gains were spread across all sectors, pharma stocks and financials gave the biggest boost to the STOXX with shares in heavyweight drugmaker Roche up 0.6 percent, helped by a Barclays price target upgrade, and Spanish lender Banco Santander up 0.8 percent. 

     

    Among the biggest movers was Dufry, up 6.9 percent after luxury group Richemont  bought a 5 percent stake in the company.

     

    Hikma shares fell 4.9 percent after the drugmaker trimmed its revenue forecast to account for the delay in its U.S. generic drug launch.

     

    This week's losses have pulled the stocks down from 21 month highs hit after a run driven by big fund inflows into Europe, solid macro data and surprisingly strong corporate earnings. 

     

    With 80 percent of European companies having reported so far, 65 percent of them have beaten expectations and 8 percent have met them, according to I/B/E/S data. First quarter earnings growth is seen at 19.4 percent, slightly below the more than 20 percent previously forecast.

     

     

     

     (Reporting by Danilo Masoni, Editing by Helen Reid)

    Read More

Talenti iz Amerike na radaru NS/FS BiH: Počeo fudb...
23 Jun 2018 15:57Talenti iz Amerike na radaru NS/FS BiH: Počeo fudbalski kamp u Chicagu, učetvuje 130 mladih fudbalera

  U Chicagu je sa radom danas počeo četverodnevni  Treći po redu BALKAN SOCCER CAMP, na koje [ ... ]

London: Nemilosrdnom ubici mladog Bosanca Samira D...
13 May 2018 10:02

  Zbog ubistva dizajnera  Samira Draganovića (23)  porijeklom iz Ključa, koje se dogodilo 5 no [ ... ]

Grabar-Kitarović i Vučić u zajedničkoj misiji (de)...
17 Sep 2017 13:31Grabar-Kitarović i Vučić u zajedničkoj misiji (de)stabilizacije regije

Kolinda Grabar-Kitarović (HDZ), predsjednica Republike Hrvatske (RH) posljednjih nekoliko mjeseci [ ... ]

ARHEOLOŠKA RENESANSA U VISOKOM
17 Sep 2017 13:25ARHEOLOŠKA RENESANSA U VISOKOM

Projekt istraživanja bosanskih piramida aktivniji je nego ikada. Od juna do septembra, kao i svak [ ... ]

Elvir Ibišević: Želja mi je da sportsko državljans...
17 Sep 2017 13:21Elvir Ibišević: Želja mi je da sportsko državljanstvo Amerike zamjenim za dres Zmajeva

Karijera bosanskohercegovačkog fudbalera , Elvira Ibiševića (19), je i dalje u uzlaznoj putanji [ ... ]

Other Articles

Search