World News – United States – European stocks struggle after chaotic U presidential debate

0
12

European stocks traded volatile on the last trading day of the month and quarter, with investors rocked by US politics after a messy presidential debate and by the growing number of coronavirus cases

Bouncing back for most of the session, the Stoxx Europe 600 index
SXXP,
-011%
was the last 02% The index was set for a gain of just 03% in the quarter, but around a 1 2% decline for September, the biggest monthly decline since March, according to data from the Dow Jones Market The DAX German
DAX,
-050%
slipped 01% and the French CAC 40
PX1,
-059%
was flat, while the FTSE 100
UKX,
-053%
was up 02%

After US futures have spent much of the European session lower, Wall Street stocks
DJIA,
177%

SPX,
147%

COMP,
154%
opened with modest gains, following weaker Tuesday end on Wall Street

What has been described as an acrimonious and chaotic debate between President Donald Trump and Democratic candidate Joe Biden on Tuesday night likely did not change the opinion of undecided voters, analysts said

« If anything, the betting markets have moved slightly in the direction of Joe Biden and US futures have gone down, » said Ian Williams, economics and strategy analyst at Peel Hunt, in a note to clients To learn more about the market’s reaction to the debate, click here

Some investors fear a Biden victory will translate into higher corporate taxes, which could be negative for the stock market Meanwhile, investors will be watching US lawmakers’ last resort efforts closely must push through another fiscal stimulus package for coronaviruses

Elsewhere, data has shown China’s economic recovery accelerated after the coronavirus outbreak at the start of the year.The official manufacturing purchasing managers index rose to 515 in September, topping the Forecast and August reading of 510 The service sector also rebounded with a September

Europe continues to struggle against spike in coronavirus cases in what some are calling second wave UK recorded largest increase in new cases on Tuesday, with death toll rising

Sharing William Hill
WMH,
138%
rose 09%, after USCaesars Entertainment, a company based, said it agreed to a 272 pence a share deal for the UK betting company, which values ​​it at £ 2 9 billion ($ 3 73 billion) Caesars shares rose

Shares of oil major Royal Dutch Shell
RDSA,
-202%

RDSUNE,
-122%
were mostly stable after the energy company said it would cut up to 9,000 jobs by the end of 2022, as it expects to record costs of between $ 1 billion and $ 1 billion for the third quarter

Actions by the French waste management group Suez
SEV,
593%
climbs more than 6%, after Veolia Environnement
LIFE,
054%
raised its offer for the majority of Engie SA’s stake in Suez to € 3 4 billion ($ 3 99 billion) Veolia’s share has changed little

G4S actions
GFS,
592%
climbed 5% The security company on Wednesday rejected a 297 billion pounds ($ 3.8 billion) in cash from Montreal-based Garda World Security, saying it would significantly undervalue the company The offer was unchanged from a previous proposal that G4S had received from Garda

Leon Cooperman, the 77-year-old billionaire CEO of hedge fund Omega Advisers, has plenty of thoughts on the stock market Or, as he puts it, three stock markets

By using this site, you agree to the
Subscription contract Conditions of use &,
Privacy Notice and
Cookie Notice

Intraday data provided by FACTSET and subject to the terms of use
Historical and current end of day data provided by FACTSET
All references are local to the hour in progress
Real-time last sale data for US Stock quotes only reflect transactions reported via the Nasdaq
Intraday data delayed by at least 15 minutes or as per exchange requirements

Equity

World News – United States – European stocks struggle after chaotic U presidential debate



SOURCE: https://www.w24news.com/news/world-news-united-states-european-stocks-struggle-after-chaotic-u-presidential-debate/?remotepost=356802

QU’EN PENSEZ-VOUS?

Donnez votre point de vue et aboonez-vous!

[gs-fb-comments]

[comment-form]

Votre point de vue compte, donnez votre avis

[maxbutton id= »1″]