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European stocks fall on opening amid data and earnings

2019-07-31 07:51 am | Resource: News | No Views : 27

الأسهم الأوروبية تتراجع عند الافتتاح  وسط البيانات والأرباح

European stocks fell shortly after the start of Wednesday's session as market watchers remained focused on earnings and data reports. German prosecutors have accused former Audi AG CEO Robert Stadler of fraud in connection with the Delgate scandal. The leader of Northern Ireland's Democratic Unionist Party, Arlen Foster, said the support was a "fundamental flaw" in the withdrawal agreement.

German retail sales rise in June

Germany's retail trade rose 3.5% in June in real terms on a monthly basis, according to interim results from the country's statistics office Destatis on Wednesday, beating market expectations. Meanwhile, sales fell 1.6% year on year, in real terms.

In terms of nominal value, retail sales rose by 0.9% in June, compared to the same month last year. Looking at data from January to June, retail sales in Europe's strongest economy rose 2.2% in real terms and 2.9%, higher than in the corresponding period of the previous year.

Lloyds Bank posted a year-on-year profit of 2.7 pence, down 7% yoy

Lloyds Bank said Wednesday its EPS for the first half of 2019 was 2.7 pence, up 4% from a year ago but down 7% year-on-year.

The bank's core profits were £ 4.2 billion, while its net income fell 2% to £ 8.8 billion. Its total cost fell 5% to £ 4bn and its provisional profit rose 5% to 1.12 pence per share.

European Stocks Open
  • In London, the FTSE 100 was down 0.25% at 9:15 am CET, with St James Plus plummeting 5.08%.
  • The DAX index in Frankfurt stood at 9:16 am CET, with E.ON SE losing 3.02%.
  • France's CAC 40 index fell 0.09%, with L'Oreal down 2.95%.

The euro was steady against the dollar at $ 1.11551 at 9:14 am and the pound rose 0.15% to $ 1.21674.

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