Market Updates
Europe Movers: Idrosia, InPost, Luxury Stocks, Resource Stocks, WH Smith
Inga Muller
06 Sep, 2023
Frankfurt
European markets turned lower after German factory orders dropped and the Euro Area retail sales declined for the tenth month in a row.
The DAX index decreased 0.3% to 15,771.71, the CAC-40 index was unchanged at 7,254.72 and the FTSE 100 index fell 0.6% to 7,393.29.
Energy stocks traded higher after crude oil prices edged up after Saudi Arabia and Russia extended voluntary production cuts to the year's end.
BP Plc, TotalEnergies SE and Eni SpA gained between 0.2% and 1%.
Resource stocks traded down on the worries about the uneven economic recovery in China.
Antofagasta, Glencore and Anglo American declined around 1%.
Luxury stocks in Paris were unchanged and traded near their one-week lows as China economic growth woes were in focus in global trading.
LVMH, Hermes and Kering traded in a tight range with a downward bias.
WH Smith Plc dropped 7% to 1,380.0 pence after the company reiterated its annual outlook in its investor update.
InPost SA soared 10% to €10.72 after the Polish parcel locker company reported higher second quarter results.
Idorsia Ltd. fell 8.1% to CHF 5.01 after the company revised its pact with Janssen Biotech Inc., a Johnson & Johnson affiliate, for the return of rights for aprocitentan.
In return, Idorsia will pay up to CHF 306 million, subject to marketing application approval by the US drug regulator and the EMA in Europe.
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 |
|---|