Suez Canal signs $2bn first-phase deal to build petrochemical complex in Ain Sokhna    ICJ holds Israel responsible for worsening humanitarian crisis in Gaza    Omar Hisham announces launch of Egyptian junior and ladies' golf with 100 players from 15 nations    Egypt, Sudan discuss boosting health cooperation, supporting Sudan's medical system    Cairo Metro's Line 4 project with Japan gets cabinet green light    Defying US tariffs, China's industrial heartland shows resilience    Pakistan, Afghanistan ceasefire holds as focus shifts to Istanbul talks    Beit Logistics invests EGP 500m to develop Safaga Integrated Logistics Center    Egypt's Social Housing Fund, United Bank sign deal to expand mortgage finance cooperation    Survivors of Nothingness – Part Three: Politics ... Chaos as a Tool of Governance    EU's Kallas says ready to deepen partnership with Egypt ahead of first summit    Egypt's Sisi hails Japan's first female PM, vows to strengthen Cairo-Tokyo ties    Egypt's exports to EU surge 7.4% to $8.7b in 8 months — CAPMAS    Egypt makes news oil, gas discoveries in Nile Delta    Egypt, France agree to boost humanitarian aid, rebuild Gaza's health sector    Egyptian junior and ladies' golf open to be held in New Giza, offers EGP 1m in prizes    The Survivors of Nothingness — Part Two    Egypt's PM reviews efforts to remove Nile River encroachments    Health Minister reviews readiness of Minya for rollout of universal health insurance    Egypt screens 13.3m under presidential cancer detection initiative since mid-2023    Egypt launches official website for Grand Egyptian Museum ahead of November opening    The Survivors of Nothingness — Episode (I)    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt successfully hosts Egyptian Amateur Open golf championship with 19-nation turnout    Egypt, WHO sign 2024-2028 country cooperation strategy    Egypt: Guardian of Heritage, Waiting for the World's Conscience    Egypt will never relinquish historical Nile water rights, PM says    Al Ismaelia launches award-winning 'TamaraHaus' in Downtown Cairo revival    Al-Sisi, Burhan discuss efforts to end Sudan war, address Nile Dam dispute in Cairo talks    Egypt's Sisi warns against unilateral Nile actions, calls for global water cooperation    Egypt unearths New Kingdom military fortress on Horus's Way in Sinai    Syria releases preliminary results of first post-Assad parliament vote    Karnak's hidden origins: Study reveals Egypt's great temple rose from ancient Nile island    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







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European stocks mixed, with Trump's pro-growth agenda in focus
Published in Amwal Al Ghad on 23 - 03 - 2017

European stock markets were mixed early Thursday as investors continued to monitor developments surrounding U.S. President Donald Trump's pro-growth agenda.
The pan-European STOXX 600 was flat in early morning deals with sectors and major bourses mixed.
Retail shares were one of the best performers shortly after the open as several retailers posted earnings reports. British clothing firm Next said it was "extremely cautious" for the year ahead and reported a fall in profits of 3.8 percent. Next had previously warned in January the company's profits were due to fall. Its shares spiked by over 1.8 percent on Thursday.
Gemalto hit the bottom of the benchmark for the second consecutive session after HSBC bank downgraded its "buy" recommendation for investors to "hold". The Dutch digital security firm was down over 5.3 percent.
In the U.K., four people died and 40 people were injured on Wednesday after a suspected terrorist drove a car along a pavement in Westminster, London and then stabbed a policeman. Sterling dropped to a six-day low against the dollar on the news though has since rebounded to $1.2485.
On the data front, U.K. retail sales data are scheduled to be released at around 9.30 a.m. London time.
Germany's consumer sentiment is expected to fall for the second consecutive month in April after a pickup in headline inflation figures, GfK market research reported in a survey. It sees the sentiment index falling to 9.8 points in next month, down from 10.0 in March.
Meanwhile, Federal Reserve Chair Janet Yellen is due to deliver a keynote speech at the Federal Reserve System Community Development Research Conference at approximately midday London time.
In Germany, the European Central Bank will host a General Council meeting in Frankfurt on Thursday.
Source: CNBC


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