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Showing posts with the label Europe Markets.

European Markets Closing Report: European stocks close 2.1% lower as stimulus hopes fade and coronavirus surges

  Holly Ellyatt 3 minutes - Source: CNBC LONDON — European stocks closed sharply lower on Thursday as hopes that a U.S. stimulus package would be agreed before the November election waned, and as public health restrictions returned across Europe due to a surge in coronavirus infections. TICKER COMPANY NAME PRICE CHANGE %CHANGE VOLUME .FTSE FTSE 100 FTSE 5841.77 -93.29 -1.57 451318815 .GDAXI DAX DAX 12719.55 -308.51 -2.37 55390513 .FCHI CAC 40 Index CAC 4843.87 -97.79 -1.98 72963472 The pan-European Stoxx 600 closed provisionally down by 2.1%, with oil and gas shares plunging 3.1% to lead losses. All sectors and major bourses slid into negative territory. Global equity markets are under pressure as traders continue to weigh the prospects for a  coronavirus  aid deal being reached before the Nov. 3 election. Stocks in Asia-Pacific were mostly lower by the close Thursday, while U.S. markets also slipped due to the uncertain stimu

European Markets Closing Report: European markets under pressure as coronavirus concerns weigh on sentiment

  Elliot Smith, Holly Ellyatt 1 minute - Source: CNBC LONDON — European stocks closed slightly lower on Wednesday as coronavirus concerns weighed on global markets. TICKER COMPANY NAME PRICE CHANGE %CHANGE VOLUME .FTSE FTSE 100 FTSE 5943.94 -25.77 -0.43 362130956 .GDAXI DAX DAX 13042.14 23.15 0.18 37117342 .FCHI CAC 40 Index CAC 4945.73 -1.88 -0.04 50267713 Atlantia shares climbed more than 10% by mid-morning after Italian newspapers La Repubblica and Il Messagero reported that state lender CDP has partnered with Blackstone and Macquarie to ready a bid for the infrastructure firm’s stake in its motorway unit. At the bottom of the Stoxx 600, Proximus shares fell 3.6% after Barclays cut the Belgian telecoms company’s stock to “underweight Enable Ginger Cannot connect to Ginger Check your internet connection or reload the browser Disable in this text field Edit Edit in Ginger Edit in Ginger ×

News | Investing | Markets | Europe: Why some investors are holding onto Wirecard shares even after insolvency

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Elliot Smith 5-7 minutes - Source: CNBC The Wirecard logo is seen at the payment company’s headquarters in Aschheim near Munich, southern Germany, on June 24, 2020. Christof Stache | AFP via Getty Images Despite its spectacular descent into insolvency last month, Wirecard ’s share price has not yet hit zero. Last week, Munich prosecutors raided the offices of the German payments giant, widening the investigation into the company to include fraud. It follows an accounting scandal and the arrest of former CEO Markus Braun . When it filed for insolvency on June 25 , Wirecard owed almost $4 billion to creditors. It admitted that $2.1 billion was missing from its balance sheet and probably does not exist. Administrator Michael Jaffe said on Tuesday that more than 100 potential suitors had expressed interest in acquiring Wirecard’s core business and holdings. However, Reuters reported Monday, citing a source close to the matter,