Equities in Europe end in red; earnings fever fading

Friday, 10. November 2017 18:01

Market participants were looking for bargains on Friday after quarterly results of listed companies have mostly been posted, prompting owners of capital to adapt positions. Counterintuitively, precious metals and bonds have also fell, indicating investors are cashing in on profits in anticipation of next week's inflation and retail reports.

The FTSE 100 finished 0.68% in negative territory, at 7,432.99 points, after touching 7,421.73, the lowest mark since the beginning of October. Outsourcing network Bunzl plummeted 6.52%, while Burberry was second at the bottom of the chart, losing 2.84%. The DAX fell 0.42%, led by a loss of 3.05% in ProSiebenSat, followed by RWE's plunge by 2.49%. The CAC 40 ended 0.5% in the red, with Peugeot bleeding 3.91% as the worst performer. Italian FTSE MIB stock index retreated 0.36%, where Leonardo's disappointing earnings took out 21.55% of its value.

Gold declined 0.78% to $1,276.1 per ounce at 5:59 pm CET, while silver was down 0.81% at $16.88 for one troy ounce. The euro ticked 0.12% up to $1.11657 and decreased 0.38% to £0.8822. The pound added 0.5% to buy $1.3213.

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Breaking the News / IT