The European stock market declines follow a negative trend in the leading Asian exchanges and on Wall Street on Wednesday.
The atmosphere is characterized by a stronger dollar, a continuing downward pressure on oil prices after the collapse last Wednesday and statements from James Bullard , head of the US central bank’s regional office in St. Louis, which is interpreted to mean that there can be two interest rate hikes in the US this year, one of which may come as early as April.
the market has been pricing in a rise later this year.
the decline on the Stockholm Stock Exchange, which had half-day on Holy Thursday, was wide. Only two of the 30 shares in the OMXS30 step. Weighed on the index most, Nordea, which fell 2.8 percent, and Ericsson, which lost 2.3 percent.
The companies Coat Retail and Brands (RNB) and Venue Retail Group fell 20 and 15 percent after its quarterly reports. RNB, which among other things operates Polarn o Pyret, reported falling sales and lower operating profit.
Venue Retail Group is weighed down in part by large impairment charges, and according to a new plan will be 35 shops closed down.
the technology company Anoto plummeted 31 percent since the CEO was fired and it announced a new share issue.
FTSE index fell 1.5 percent, the Frankfurt Stock Exchange’s DAX index fell 1.7 percent and the Paris Stock Exchange’s CAC index went down 2.1 percent.
No comments:
Post a Comment