Market Updates
Metals, Oil Drag Europe
Elena
27 Apr, 2006
Frankfurt
-
European stocks sharply declined at mid-day, reflecting weaker commodity and energy stocks. Major mining companies like Rio Tinto and BHP Billiton sent the resource sector down 4%, while oil and gas giants Royal Dutch Shell and BP helped the energy sector down 2%. The German DAX 30 dropped 0.7%, the French CAC 40 lost 0.9%, and London FTSE 100 declined 0.8%.
[R]8:15AM European averages dropped at mid-day.[/R]
European markets sharply declined at midday, reflecting weaker commodity and energy stocks, mixed earnings reports and deal talk involving companies like Siemens, Alcatel, and France Telecom. Metals prices moved lower after China lifted its base interest rate to 5.85%. Major mining companies like Rio Tinto and BHP Billiton sent the resource sector down 4%, while oil and gas giants Royal Dutch Shell and BP helped the energy sector down 2%. Alcatel fell 5.9% on lower profit, while Siemens dropped 3.1% after it agreed to buy Diagnostics Products Corp. for $1.86 billion. The German DAX 30 dropped 0.7%, the French CAC 40 lost 0.9%, and London FTSE 100 declined 0.8%.
Annual Returns
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|
Earnings
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|