[MILAN] European facebook/" target="_blank">shares fell on Thursday, but ended off lows as jitters over political turmoil in the United States abated, while stocks exposed to Brazil were hit after a scandal embroiled the country's president. So far Europe has enjoyed a strong earnings season, with 66 per cent of firms which have reported results beating analysts'expectations, which points to earnings growth of more than 19 per cent, according to Thomson Reuters I/B/E/S data. But concerns about political stability appeared to ease as strong US economic data helped Wall Street turn into positive territory. Shares in Italy's Fiat Chrysler, which also is exposed to Brazil, fell 3 per cent after the US Justice Department said it was preparing to sue the carmaker over excess diesel emissions as early as this week. This chimes with an overall robust reporting season for major developed markets globally.
according to [MILAN] European facebook/" target="_blank">shares fell in early trading on Tuesday with all major sectors in the red though banks led the decline on fresh political jitters and following a downgrade by a top global broker. In the UK, shares of British Airways-owner IAG fell 4 per cent on the first day of trading following the massive disruption to flights due to an IT outage. Banks were the biggest sectoral fallers, down more than 1 per cent, after Deutsche Bank cut its rating on the sector by one notch to "underweight". The pan-European STOXX 600 index fell 0.6 per cent and the euro zone blue chip index declined 0.7 per cent, while Britain's FTSE also fell 0.5 per cent as it reopened following a long weekend. sentifi.com Market voices on:Italian banking shares, on the retreat for the past two sessions on worries over early elections, were among the top losers again on Tuesday.
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Europe: Shares recover at end of worst week in six months, Stocks
First quarter earnings growth is seen at 19.4 per cent, slightly below the more than 20 per cent previously forecast. [MILAN] European facebook/" target="_blank">shares rose slightly in early deals on Friday, timidly recovering from heavy losses suffered earlier this week after US political turmoil fuelled worries over US President Donald Trump's stimulus plans, denting risk appetite. The pan-European STOXX 600 index rose 0.3 per cent by 0725 GMT, but was down 1.5 per cent on the week, its biggest weekly loss since early November. Among the biggest movers was Dufry, up 6.9 per cent after luxury group Richemont bought a 5 per cent stake in the company. Britain's FTSE was up 0.4 per cent and euro zone blue chips added 0.3 per cent.read more visit us shares