European shares mixed as fresh China trade tariffs begin; Ryanair shares rise 5%

Stocks in Europe hovered around the flatline Thursday morning after Beijing implemented new retaliatory tariffs against the United States. China officially retaliated Thursday against fresh duties, worth $16 billion, from the United States. This takes place at a time when officials from both countries meet in Washington to talk trade. Looking across the European benchmark, Sunrise Communications rose 5 percent after reporting second-quarter results and raising its outlook for the year. In politi


Stocks in Europe hovered around the flatline Thursday morning after Beijing implemented new retaliatory tariffs against the United States. China officially retaliated Thursday against fresh duties, worth $16 billion, from the United States. This takes place at a time when officials from both countries meet in Washington to talk trade. Looking across the European benchmark, Sunrise Communications rose 5 percent after reporting second-quarter results and raising its outlook for the year. In politi
European shares mixed as fresh China trade tariffs begin; Ryanair shares rise 5% Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-23  Authors: silvia amaro
Keywords: news, cnbc, companies, european, london, united, rose, rise, bank, mixed, tariffs, weidmann, begin, central, trade, fresh, stocks, shares, china, ryanair, worth, yearryanair


European shares mixed as fresh China trade tariffs begin; Ryanair shares rise 5%

Stocks in Europe hovered around the flatline Thursday morning after Beijing implemented new retaliatory tariffs against the United States.

The pan-European Stoxx 600 was marginally higher. Tech stocks were the outperformers, continuing the momentum seen on Wall Street. Basic resources and autos dropped 0.4 percent on the back of renewed trade tensions.

China officially retaliated Thursday against fresh duties, worth $16 billion, from the United States. This takes place at a time when officials from both countries meet in Washington to talk trade.

Looking across the European benchmark, Sunrise Communications rose 5 percent after reporting second-quarter results and raising its outlook for the year.

Ryanair shares rose, up by nearly 5 percent. This is after the Irish pilots union Forsa said that an agreement has been reached with the company after a 22-hour session of talks. The dispute centered around issues such as base transfers, promotions and annual leave.

In politics, Chancellor Angela Merkel is reportedly seeking to get a German official at the helm of the European Commission — meaning she will not back her central bank governor, Jens Weidmann, to become the next president of the European Central Bank, Handelsblatt reported.

Thursday’s corporate calendar is thin, but there are plenty of data expected throughout the morning.

The Markit manufacturing and services PMIs for the euro area will be out at 9 a.m. London time; consumer confidence figures are due at 3 p.m. London time and the European Central Bank will publish the latest monetary policy meeting accounts at 12.30 p.m. London time.


Company: cnbc, Activity: cnbc, Date: 2018-08-23  Authors: silvia amaro
Keywords: news, cnbc, companies, european, london, united, rose, rise, bank, mixed, tariffs, weidmann, begin, central, trade, fresh, stocks, shares, china, ryanair, worth, yearryanair


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Leave a Reply

Your email address will not be published. Required fields are marked *