Friday morning saw rising European stock markets following a sell-off on Wall Street, as investors continue to focus on earnings.
At 8:10 a.m. London time, the region’s Stoxx 600 was up 0.3%, while the FTSE 100 in the United Kingdom and the DAX in Germany were also slightly higher by 0.1%.
The MIB in Italy increased by 0.3%, while the CAC 40 in France increased by 0.4%. Kingspan Group, Air Liquide, Sika AG, and other European companies released their fourth-quarter financial results.
For example, Standard Chartered exceeded market forecasts and is currently up almost 5%.
The S&P 500 reached new highs for two days in a row, while the three major averages in the US finished lower overnight.
Following Walmart’s poor projection, which sparked worries about the state of the economy, investors sold down shares of a few well-known corporations.
The Dow Jones Industrial Average finished at 44,176.65, down 450.94 points, or 1.01%.
The Nasdaq Composite dropped 0.47% and ended the day at 19,962.36 while the S&P 500 down 0.43% and ended the day at 6,117.52.
Source (CNBC)
