Weekly market wrap: European stocks fall on earnings miss
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Euronews (English)
Euronews (English)
European stocks struggled somewhat this week with more companies missing earnings estimates and warning about lower full-year profits. The CAC 40 index saw a fall of 0.51% this week, clocking in at €7,045.44 on Friday morning. The Stoxx 600 did slightly better, with a mostly flat performance over the week, trading at €443.79 on Friday morning. The FTSE 100 index fell by 8.75% this week, trading at £7.363.92 on Friday afternoon. Investors were also concerned about more hawkish comments from US Federal Reserve chair Jerome Powell, indicating that rate cuts may not be on the agenda yet. CAC 40 to…