May 27, 2020 8:09 am
Sanofi’s shares closed lower in Tuesday trading despite the recent deal for selling its shares in the U.S. biotechnology company Regeneron. Sanofi will earn about $13 billion after selling a huge part of its 20.6% stake in Regeneron. Despite that, the company’s shares dropped 1% on Tuesday, along with other healthcare companies’ stocks. On Monday, […]
Read moreMay 26, 2020 1:20 pm
After the holidays in the U.K., the European travel stocks rose on Tuesday as Spain decided to welcome foreign tourists. The multinational travel and tourism company, TUI Group, was also among the best performers with shares surging 35%. The investors were motivated by TUI’s update on resuming flights at the end of June. As the […]
Read moreMay 26, 2020 7:50 am
While Monday trading was not that active as a result of the holidays in the U.K. and the U.S., Germany’s stocks enjoyed quite the jump. This is the highest level that the DAX has reached since the beginning of March. The Pharmaceuticals and Healthcare, Software and Industrials sectors were among the best performers on Monday. […]
Read moreMay 22, 2020 12:46 pm
As the tension between the U.S. and China increases, European stocks dropped in Friday trading. The luxury brand Swatch Group also suffered losses as its shares declined 2.7%. The brand relied on China and Hong Kong for a big portion of its sales. The recent news on a security law in the autonomous region, however, […]
Read moreMay 21, 2020 2:22 pm
Following Best Buy’s report about results for the first quarter of the fiscal 2020, the company’s shares dropped 2% in premarket trading Thursday. Despite the 155% increase in online sales in the U.S., consumer electronics sales plummeted by more than 15%. At the beginning of the pandemic, Best Buy experienced a jump in sales since […]
Read moreMay 21, 2020 8:35 am
While Germany stocks closed higher on Wednesday, one of the worst performers was CTS Eventim AG as its shares were down 7.07% to 34.720. Due to the numerous events that were postponed as a result of the coronavirus pandemic, the earnings and revenue of the company were significantly lower compared to the results of the […]
Read moreMay 20, 2020 11:20 am
Marks & Spencer Group PLC reported lower revenue for the fiscal year 2020 due to the cash burn associated with the measures the company took to deal with the coronavirus pandemic. The company had a pretax profit of ₤67.2 million ($82.2 million) at the end of March 2020, which is significantly lower compared to the […]
Read moreMay 19, 2020 1:48 pm
Expedia Group Inc’s stock jumped 20% in Monday trading, marking the company’s biggest percentage gain in a single day ever since July 27, 2012. Unfortunately, this climb lasted only a day since, on Tuesday, the company’s stock dropped more than 2% in premarket trading. The Jefferies analyst, Brent Thill, has decided to change his ratings […]
Read moreSeptember 6, 2013 1:32 pm
Gold surged to session highs after trading lower throughout the day as offcial data showed the U.S. economy created less jobs than expected in August, which could delay the Fed decelrating its monetary easing program. The unemployment rate fell to the lowest since December 2008 as less people looked for work. On the Comex division […]
Read moreAugust 15, 2013 4:38 pm
Gold fell to a session low in the late European session, followed by a rebound during American trading after a day of controversial U.S. economic data, which left investors ambivalent about their expectations for the future of Feds monetary easing program. On the Comex division of the New York Mercantile Exchange, gold futures for December […]
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