Auto makers, Italian stocks drag European shares lower

as mentioned in Here's what Wall Street saysEurope MarketsAuto makers, Italian stocks drag European shares lowerEurope stocks see fourth loss in five sessionsEuropean stocks fell Thursday, suffering their fourth loss in five sessions, with auto shares under pressure and Italian shares flipping down following developments surrounding the country's coalition government. What's driving marketsGermany's DAX 30 fell on Thursday, with shares of auto makers falling. Stock moversShares of car makers struggled, with Daimler AG XE:DAI+0.55% tumbling 4.3% to trade at prices not seen in nearly two years. Also in Milan, Italian bank stocks were knocked down, with UniCredit SA IT:UCG-0.22% lower by 3.2% and Unione di Banche Italiane SpA IT:UBI+0.39% down 3.7%. Dixons Carphone PLC shares UK:DC rose 2.4% as the electrical goods retailer posted fiscal year 2018 adjusted pretax profit in line with the company's expectations.

European shares advance but US futures drift with Asian stocks

European shares advanced and US equity futures drifted with Asian stocks as investors hit pause on a selloff triggered by worries over growing threats to global trade. The Hang Seng index fell 0.3 per cent, to 28,881.40, while the China Enterprises Index lost 0.8 per cent, to 11,118.89 points. Tech shares slide Tech-heavy indexes such as South Korea's KOSPI and Taiwan's weighted index fell 0.45 per cent and 0.55 per cent, respectively. Asian tech shares slid after US peers, which derive much of their sales revenue from China, took a battering overnight. Brent crude oil futures were up 0.15 per cent at $74.83 on uncertainty over Libya's capacity to deliver on exports commitments.

European shares advance but US futures drift with Asian stocks

European stocks end lower amid fresh Italian jitters; Tech shares hit 17-year high

referring to However, European tech stocks overall were pushed to a multiyear high, bolstered by gains for their Wall Street counterparts. How markets performedThe Stoxx Europe 600 Index XX:SXXP+0.06% ended down by 0.3% at 386.89, as financial shares lost the most while tech shares climbed. Pressure came from a slump in Italian stocks. That index fell victim to a rise in the GBPUSD+0.02% which climbed following a better-than-expected report on British services-sector activity in May. Stock moversItalian bank stocks finished lower, with investors concerned about their exposure to Italian government debt.

Global stocks recover as Asian and European shares improve

London — World stocks enjoyed a strong bounce on Friday as a recovery in Asian markets spread to European shares. European stocks rallied strongly, with the pan-European Stoxx 600 up 1.2% and Germany's trade-sensitive DAX 30 up 1.5%. But trade wars have already mauled assets from the Chinese yuan to European autos stocks, and wiped $1.75-trillion off world stocks' market capitalisation since June 12. The dollar index edged down 0.5% to 94.924 and was up 0.1% against the yen at ¥110.65. Gold remained near six-and-a-half-month lows, weighed down by trade worries, interest rate expectations and the strong dollar.

Global stocks recover as Asian and European shares improve

collected by :Ros Roger

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