[LONDON] European shares stalled on Wednesday as weak results from the troubled auto sector weighed and investor confidence in a rally that has sent stocks shooting up this year showed signs of fraying. Read more at The Business Times.
[LONDON] European shares stalled on Wednesday as weak results from the troubled auto sector weighed and investor confidence in a rally that has sent stocks shooting up this year showed signs of fraying.
"We think Europe will see growth pick up in the latter part of 2019 as China import demand stabilises and recent exceptional domestic factors weighing on Europe growth start to fade."Auto stocks fell after German bearings maker Schaeffler warned of an"extremely challenging" business environment in 2019 and said it would restructure, sending its shares down 6.2 per cent.
French car suppliers Faurecia and Valeo also fell 1.9 to 2.7 per cent while small-cap Swiss autos supplier Autoneum fell 17.2 per cent after reporting a drop in profitability.Logitech rose 2.2 per cent to a four-month high after the company said it expects annual sales to increase by mid to high single-digit in the next financial year ending March 2020.Dialog Semiconductor jumped 2.
Euro zone banks rose 0.2 per cent on fresh talk that the ECB would go ahead with a new round of ultra-cheap bank loans which could either be announced or hinted at during the central bank's meeting on Thursday. A Credit Agricole spokeswoman said Indosuez had"fulfilled all its obligations regarding anti-money laundering". Credit Agricole ended off lows, down 0.6 per cent.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Europe: Stock markets rise at open[EUROPE] Europe's main stock markets rose at the start of trading on Monday, with London's benchmark FTSE 100 index up 0.3 per cent at 7,127.89 points. Read more at The Business Times.
Read more »
Europe: Stock markets rise at open[LONDON] Europe's main stock markets rose at the start of trading on Friday, with London's benchmark FTSE 100 index up 0.5 per cent at 7,107.64 points. Read more at The Business Times.
Read more »
Europe: Stock markets steady at open[LONDON] Europe's main stock markets steadied at the start of trading on Tuesday, with London's benchmark FTSE 100 index up 0.1 per cent at 7,140.51 points. Read more at The Business Times.
Read more »
Thai Airways cancels Europe flights due to Pakistani airspace closureThai Airways International said on Thursday it had cancelled more than a dozen flights to Europe after Pakistan closed its airspace amid rising ...
Read more »
Europe: Shares snap 3-day winning streak as Beiersdorf, Air France sink[LONDON] European shares fell in early deals on Wednesday, snapping a three-day winning streak amid growing India-Pakistan tensions, and a warning from Beiersdorf hammered consumer staples stocks while Air France-KLM and Marks & Spencer sank. Read more at The Business Times.
Read more »
Key Asia-Europe air route closed as India-Pakistan tensions rise[NEW DEHLI] Global airlines were forced to divert or cancel several flights after Pakistan shut down its airspace following a military clash with India, blocking one of the key air routes between Asia Pacific and Europe. Read more at The Business Times.
Read more »
SIA flights to Europe operating as scheduled, rerouted to avoid Pakistan airspaceSINGAPORE: Singapore Airlines (SIA) flights to Europe are operating as scheduled, although they have been rerouted to avoid Pakistan's shuttered ...
Read more »
3 SIA flights to Europe stop to refuel after being re-routedThree Singapore Airlines (SIA) flights yesterday - two to London and one to Frankfurt, Germany - had to stop halfway for refuelling after the airline re-routed flights to Europe to avoid Pakistan airspace.. Read more at straitstimes.com.
Read more »
US zooms past Europe in electric car salesThe United States overtook Europe to become the world's second largest market for electric cars last year, according to a report Wednesday that ...
Read more »
Iran's Khamenei doubted Europe could help Tehran against US sanctionsLONDON: Iran's Supreme Leader Ayatollah Ali Khamenei advised the government last July not to rely on European efforts to protect Tehran against ...
Read more »