7/26/2022, 9:03 AM (Source: TeleTrader)
more TeleTrader news

Europe mostly lower at open amid earnings, Ukraine war

Major European stock markets opened Tuesday mostly lower amid earnings reports from major companies and news on the war in Ukraine and its global effects.

Investment banking company UBS Group AG reported previously it booked a $2.1 billion net profit, up by 5% from the second-quarter results in 2021. While Unilever plc announced its turnover in the same quarter stood at €29.6 billion, increasing 14.9% yearly. On the other hand, Russian forces' recent shelling of the city of Odessa continues to cast skepticism on the grain deal, the bloc's economic outlook, and gas prices.

The DAX lost 0.16% at 9:01 am CET, with Heidelbergcement down by 2.20%. The CAC 40 fell 0.20%, while Veolia Environnement decreased by 2.52%, and the FTSE 100 rose 0.93%, as Antofagasta went up by 3.95%.

The euro was down by 0.07% against the dollar at 8:58 am CET, selling for $1.02132. In comparison, the pound was flat to go for $1.20418 simultaneously.

Baha Breaking News (BBN) / JG