Giovedì, 18 Ottobre 2018

European markets fall amid weak earnings reports


Milan, January 31 - Markets fell across Europe on
Thursday as weak earnings results for the fourth quarter of 2012
indicated slower-than-expected economic growth in the period.
Companies that reported earnings on Thursday include Spanish
bank Santander, which fell 3.5% after reporting fourth-quarter
Europe's biggest oil company Shell fell 2.8% after it
reported fourth-quarter profit figures that missed analysts'
estimated, and Sweden's largest phone company TeliaSonera AB
dropped 1.7% after saying its fourth-quarter profit dropped
Milan's FTSE MIB index bucked the trend, rising 0.9% to
17,439 points.
The yield spread between 10-year Italian bonds and the
German benchmark debt, a barometer of Italy's borrowing costs in
the eurozone crisis, closed at 263 points with 10-year yields at
The Frankfurt Dax bourse fell 0.5% to 7,776 points, while
the Paris Cac 40 Index dropped 0.9% to 3,732 points.
Madrid's Ibex index fell 2.5 % to 8,362 points.
London's Ftse-100 stock market fell 0.7% to 6,276 points.

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