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European stocks are mixed and are waiting for the parliament to vote on the exit plan

2019-01-29 10:53 am | Resource: NEWS | No Views : 189



European stocks were mixed early on as confusion over Britain's exit from the European Union and the second vote of the British parliament over Prime Minister Teresa Mae's plan to break out of the European Union.

The global economic slowdown is looming as the criminal charges against Huawei Technologies Co., Ltd., launched by the US Department of Justice earlier, reignite fears of a rising trade war between Washington and Beijing.

SAP Announces Fourth Quarter Results of 2018

German software firm SAP said Tuesday its EPS for the quarter ended December 31, 2018 was 1.41 euros, down 8 percent from the last three months of 2017. Operating profit jumped 22 percent year-on-year in the same period To reach 2.40 billion euros.

Total revenue rose 9% year-on-year in the fourth fiscal quarter to € 7.43 billion, with the same growth as the company's revenue from the cloud and software, at € 6.32 billion. The number of employees increased by 9% to 96,498. Cloud subscriptions and support revenues increased by 41% year-on-year in the fourth quarter. In 2018.

Revenue rose 5% over the previous year, while earnings rose 2% to 3.42 euros. At the same time, the full-year operating profit was 5.70 billion euros in 2018, jumping 17 percent year-on-year.

"SAP continues to be a beacon of growth and stability, with new orders increasing by 18 per cent in the fourth quarter, bringing the total to more than 10 billion euros for the first time ever," said Luca Mochick, CFO. Strong profitable growth

"In 2019 and beyond, we expect cloud growth to continue to outperform our cloud counterparts."

European shares plummeted
  • The DAX fell 0.15% at 9:16 CET, with SAP SE's earnings showing the company's fourth-quarter performance.
  • The CAC 40 index rose 0.14% at the same time, heading behind the IT and aerospace companies ATOS SE and Safran, respectively.
  • The FTSE 100 rose 0.51% at 09:15 CET.

EUR / USD and EUR / GBP traded
  • The Euro was up 0.12% against the US Dollar to trade at 1.1441 at 9:23 CET,
  • And rose 0.24% against the British Pound to 0.8703 at the same time.


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