Investing.com - Financial Markets Worldwide
Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

European shares flat, Daimler's profit warning knocks auto stocks

Published 07/12/2019, 03:21 PM
Updated 07/12/2019, 03:30 PM
European shares flat, Daimler's profit warning knocks auto stocks
MBGn
-
STOXX
-
SXAP
-
SXDP
-

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
July 12 (Reuters) - European shares were little changed in
early trade on Friday, as investors parsed through China trade
data that came in at market open, an indicator of global
economic growth, while a profit warning from Daimler knocked
down auto stocks.
China's yuan-denominated exports rose 6.1% in the first half
of this year from a year earlier, while imports increased 1.4%,
customs data showed, which resulted in a trade surplus of 1.23
trillion yuan ($178.94 billion) for the first six
months. The data comes after a spate of disappointing economic
reports from around the globe, which showed that the global
economy suffered from a protracted U.S.-China trade war that
forced major central banks to take a more accommodative stance.
The pan-European stocks benchmark .STOXX was flat at 0712
GMT with auto stocks .SXAP down 0.6%.
Daimler DAIGn.DE slipped 2.7% after the luxury carmaker
warned investors it expected to swing to a second-quarter loss
before interest and taxes of 1.6 billion euros. Healthcare stocks .SXDP slipped as drugmakers resumed
their slide after the White House said it was ditching a key
plan to lower U.S. drug prices and raising the possibility of
new measures focused on drugmakers.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.