empty
20.05.2022 03:57 PM
European stocks plummet by 1-2%

This image is no longer relevant

European stocks declined yesterday. The European indicator StoxxEurope 600 fell by 1.37%. British FTSE 100 index lost 1.82%, French CAC 40 declined a little less by 1.26%. German DAX and Spanish IBEX 35 fell by about the same amount of 0.9% and 0.83% respectively. Italian FTSE MIB, which lost only 0.09%, lost less of all.

The decline of European indices was expected and followed other world stock markets. Traders are looking to averse risks as they are still concerned about some of the events taking place in the world. Among them is the high inflation rate, which could lead to an economic downturn.

The effects of inflation are also reflected in companies' quarterly reports. To a greater extent, rising prices have affected supplies and transportation costs. All this hurts the potential profits of companies.

Thanks to the announcement of the 5-year extension of the employment contract with the current CEO of Thyssenkrupp, Martina Merz, the company's securities increased by 2.2%.

Due to the reduction of losses in the first half of the year and increased revenues by EasyJet Plc, its share price rose by 0.1%. However, the company warned of impending cost increases in the second half of the year due to higher fuel prices and the strengthened US dollar.

The UK Royal Mail showed an 8.8% drop in pretax profit to £662 million for the fiscal year that ended March 27. Meanwhile, operating profits rose by 8% to £758 million, but were not 7% below experts' expectations. Revenues for the first quarter increased by only 1%, contrary to analysts' forecasts.

As a consequence of a weak quarterly report, the value of Royal Mail securities fell by 12.4%.

At the same time, a significant increase in share prices was demonstrated by Homeserve with the shares going up by 10.2%. This was due to the announcement of the forthcoming major deal on its acquisition by Brookfield Asset Management Inc. for a total amount of £4.08 billion.

Ambu AS also rose by 9.1%, as well as InPost SA, which added 7.1%.

The share price of CNH Industrial fell by 1.9% and its subsidiary Iveco Group declined by 1.5%.

Anastasia Kravtsova,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Trump Back in Action: 50% Copper Tariff, More Blows to China, EU

Trump Announces 50% Copper Tariff Announces New Tariffs on Semiconductors, Pharmaceuticals President Trump Says Talks with EU, China Are Making Progress Japan, South Korea Work Hard to Minimize Tariff Damage

Thomas Frank 09:49 2025-07-09 UTC+2

US Market News Digest for July 8

The US stock market shows restrained momentum amid uncertainty over Donald Trump's potential return to high tariffs. Although the US president has expressed a willingness to negotiate, market participants

Ekaterina Kiseleva 12:08 2025-07-08 UTC+2

Trade storm over Asia: Japan, Korea face 25% tariff hit

Japan, South Korea face 25% tariffs by Aug. 1 Australian dollar rises as RBA keeps rates on hold The pan-European STOXX 600 index (.STOXX) was unchanged at 543.22

Thomas Frank 10:52 2025-07-08 UTC+2

Canceled deals, fresh letters – marching toward trade chaos? Trader's calendar for June 7-9

Symbolically, it was on July 4, Independence Day, that Donald Trump signed what he himself called the "Big Beautiful Bill," which, according to the White House, will "fulfill campaign promises."

Svetlana Radchenko 14:07 2025-07-07 UTC+2

US Market News Digest for July 7

Donald Trump approved legislation establishing a new federal debt ceiling at $5 trillion and increasing government spending. The document includes tax cuts and enhanced security measures but has sparked controversy

Ekaterina Kiseleva 13:27 2025-07-07 UTC+2

Who

S&P 500, Nikkei Futures Fall on Trade Turmoil U.S. Marks Aug. 1 as Tariff Deadline for Some Countries Oil Prices Fall as OPEC+ Boosts Output Dollar Rebounds from Recent Four-Year

Thomas Frank 10:40 2025-07-07 UTC+2

S&P, Nasdaq, and Dow climb in sync as markets digest jobs data and trade developments

The S&P 500 rose by 0.83%; the Nasdaq gained 1.02%; the Dow advanced by 0.77%. US job growth exceeded expectations in June. Tripadvisor rallied on Starboard Value's report. Synopsys

13:11 2025-07-04 UTC+2

US Market News Digest for July 4

The S&P 500 and Nasdaq stock indices rose by 0.83% and 1.02%, respectively, hitting new all-time highs. Index futures, however, retreated due to concerns over the potential introduction

Ekaterina Kiseleva 12:45 2025-07-04 UTC+2

S&P, Nasdaq, Dow rally as markets react to jobs, trade policy surprises

S&P 500 up 0.83%; Nasdaq up 1.02%; Dow up 0.77% U.S. job growth beats expectations in June Tripadvisor rises on Starboard Value report, gaining share Synopsys, Cadence rise as U.S

Thomas Frank 08:23 2025-07-04 UTC+2

What could tip USD: NFP, Fed moves, or Big Beautiful Bill?

Wall Street keeps churning out record after record. On Wednesday, the S&P 500 , driven by IT giants, once again set a fresh all-time high. The catalyst was not only

Svetlana Radchenko 13:17 2025-07-03 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.