amwalalghad :: Europe ends slightly lower amid fresh earnings; Ericsson jumps 17.5%

Your English Portal To Arab Economy

Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Pioneers Holding   2.84        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        United Arab Shipping   0.43        Egyptians Housing Development    1.94        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Egyptian for Tourism Resorts   0.69        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Heliopolis Housing   21.65        Raya Holding For Technology An   4.57        United Housing & Development   8.93        International Agricultural Pro   2.1        Gulf Canadian Real Estate Inve   18.08        Alexandria Pharmaceuticals   45.71        Arab Cotton Ginning   2.46        Egyptian Chemical Industries (   7.26        National Real Estate Bank for    11.84        Six of October Development & I   15.03        National Development Bank   6.72        Oriental Weavers   20.66        Arab Gathering Investment   16.29        Egyptians Abroad for Investmen   2.75        Credit Agricole Egypt   9.04        Palm Hills Development Company   1.61        Remco for Touristic Villages C   2.13        Commercial International Bank    29.87        El Ezz Porcelain (Gemma)   1.9        Egyptian Starch & Glucose   5.4        Arab Real Estate Investment (A   0.41        South Valley Cement   3.12        Citadel Capital - Common Share   2.5        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        El Nasr Transformers (El Maco)   4.78        Egyptian Media Production City   2.31        GB AUTO   27        Sharkia National Food   3.78        Egyptian Transport (EGYTRANS)   7.85        El Kahera Housing   4.97        El Shams Housing & Urbanizatio   2.45        Egyptian Kuwaiti Holding   0.7        ARAB POLVARA SPINNING & WEAVIN   2.11        Cairo Poultry   8.32        Egyptian Financial & Industria   8        T M G Holding   4.03        Asek Company for Mining - Asco   10.66        Misr Hotels   27        Egyptian Electrical Cables   0.56        Medinet Nasr Housing   22.51        Mena Touristic & Real Estate I   1.21        ELSWEDY CABLES   18        Prime Holding   0.91        Al Arafa Investment And Consul   0.17        Alexandria Spinning & Weaving    0.74        Gharbia Islamic Housing Develo   8.41        General Company For Land Recla   16.6        Alexandria Cement   8.9        Arab Valves Company   0.94        Sidi Kerir Petrochemicals   12.4        TransOceans Tours   0.09        Egyptian for Developing Buildi   6.43        Egyptian Gulf Bank   1.24        Kafr El Zayat Pesticides   18.19        Faisal Islamic Bank of Egypt -   35.1        National company for maize pro   11.86        Delta Construction & Rebuildin   4.03        Zahraa Maadi Investment & Deve   48.25        Samad Misr -EGYFERT   3.52        Egypt for Poultry   1.41        Cairo Development and Investme   11.7        Cairo Pharmaceuticals   20.1        Maridive & oil services   0.9        Suez Canal Bank   3.75        Nile Pharmaceuticals   15.81        The Arab Dairy Products Co. AR   73.85        National Housing for Professio   14.39        El Ahli Investment and Develop   4.87        Egyptian Saudi Finance Bank   10.79        Ismailia National Food Industr   5.16        National Societe Generale Bank   25.52        Acrow Misr   19.16        Alexandria Mineral Oils Compan   63.63        Paper Middle East (Simo)   5.59        Egypt Aluminum   12.31        Giza General Contracting   13.12        Middle Egypt Flour Mills   5.82        Extracted Oils   0.6        Assiut Islamic Trading   4.56        Engineering Industries (ICON)   3.95        North Cairo Mills   15.3        Arab Pharmaceuticals   11.88        Grand Capital   5.38        El Ahram Co. For Printing And    10.68        Minapharm Pharmaceuticals   25.49        El Arabia Engineering Industri   13.52        El Nasr For Manufacturing Agri   9.71        Naeem portfolio and fund Manag   1.7        Faisal Islamic Bank of Egypt -   6.76        Natural Gas & Mining Project (   68.26        Housing & Development Bank   13.95        East Delta Flour Mills   31.5        Orascom Development Holding (A   3.22        Memphis Pharmaceuticals   11.12        Abou Kir Fertilizers   134.23        Delta Insurance   5        Cairo Investment & Real Estate   12.18        Cairo Oils & Soap   12.98        Egyptian Arabian (cmar) Securi   0.36        Egyptian Real Estate Group Bea   15.56        Alexandria Containers and good   85.51        Upper Egypt Flour Mills   45.78        Development & Engineering Cons   9.94        Sinai Cement   15.18        Medical Union Pharmaceuticals   28.01        Torah Cement   24.2        Alexandria New Medical Center   46.55        Export Development Bank of Egy   5.04        Egyptian Company for Mobile Se   92.02        Middle & West Delta Flour Mill   32.7        El Kahera El Watania Investmen   4.18        Mansourah Poultry   12.41        Delta Sugar   11.04        Misr Beni Suef Cement   41.21        Egyptian Satellites (NileSat)   6.14        Cairo Educational Services   17.75        Lecico Egypt   7.55        Sharm Dreams Co. for Tourism I   5.3        General Silos & Storage   10.77        Al Moasher for Programming and   0.66        UTOPIA   5.28        Arab Ceramics (Aracemco)   25.4        Barbary Investment Group ( BIG   0.98        

Europe ends slightly lower amid fresh earnings; Ericsson jumps 17.5%

Published Saturday, 21 April 2018 08:06 | Written by Amwal Al Ghad English

European equities finished Friday's session relatively flat, as investors digested a fresh batch of corporate earnings, while keeping an eye on market movements overseas.

The pan-European STOXX 600 closed down 0.03 percent, while sectors ended the day mostly lower.

Major bourses showed a mixed picture by the close. The U.K.'s FTSE 100 closed up 0.54 percent, while France's CAC 40 rose 0.39 percent. Germany's DAX, however, closed down 0.21 percent.

On the week, the STOXX 600 provisionally closed up 0.7 percent. This positive overall weekly result marks the fourth straight week of gains as global markets recovered from a turbulent start to the year.

Heightened concerns over the prospect of a trade war, faster rate hikes in the U.S. and a regulatory crackdown on big tech companies had pushed the STOXX to 14-month lows last month.

On Friday, tech firm Ericsson reported smaller-than-expected losses during the first three months of the year. Shares consequently finished at the top of Europe's benchmarks, soaring 17.5 percent on the news.

Shortly behind Ericsson's lead was Telia, which closed up 8.6 percent, after the Nordics telecoms group announced a share buyback plan as first-quarter earnings beat expectations. Telecoms as a whole was the region's top performing sector, jumping 1.04 percent.

Reckitt Benckiser shares pared some of its losses, closing down 2.78 percent after its sales growth missed estimates for its first quarter.

Meantime, ASM International slipped lower, down almost 8.5 percent, after reporting earnings late Thursday. The firm saw net sales for 2018's first quarter come in at 159 million euros ($195.7 million) — a decrease of 12 percent, compared to the previous quarter.

Shares of Air France KLM dropped 2.5 percent, after the airline said it was launching a consultation with staff members, to find an end to a strike over pay. To date, the dispute has cost over 220 million euros.

Elsewhere, U.K. regulators have concluded their investigations into Barclays and its CEO Jes Staley. While the FCA and PRA won't take enforcement action against the bank, it is now required to report to the regulators on aspects of their whistle-blowing programs. Staley will also be fined for attempting to unmask a whistleblower. Shares of the bank finished modestly higher.

In the States, U.S. stocks fell deep into the redaround Europe's close, as further declines in Apple saw the tech sector extend losses. On Friday, it emerged that the Democratic Party was suing President Donald Trump's presidential campaign, the Russian government and Wikileaks, claiming a broad conspiracy to disrupt the election in 2016.

In Asia, equities finished the session lower after the world's largest chipmaker delivered a disappointing forecast late Thursday. Taiwan Semiconductor Manufacturing slashed its revenue target to the lower end of forecast, citing weaker-than-expected demand for smartphones.

Elsewhere, oil prices hovered close to multi-year highs after climbing to their highest level since late 2014 on Thursday. International benchmark Brent crude came off its lows by Europe's close, trading at $73.44. Prices remain supported by a drawdown in global supply as OPEC kingpin Saudi Arabia appeared poised to increase its export revenue.

Source: CNBC

Money Markets Videos »

شاهد الفيديو

UFXMarkets *Daily Forex Currency Trading News* 13-June-2012

شاهد الفيديو

Global Economy `Modestly' Improving; Oil Price; Fed

شاهد الفيديو

Marketfield's Aronstein on Stock Market Strategy

شاهد الفيديو

UFXMarkets *Daily Forex Currency Trading News* 6-June-2012