Breaking News         Latest US News              New York News              Fx Tribune

Top 5 Reasons Why Businesses Outsource
European shares edged lower in early deals on Friday, weighed down by losses in BASF after an underwhelming earnings update from the German chemical group in a session dominated by a raft of company results Continue Reading Below The pan-European STOXX 600...

European Stocks Weighed Down by BASF

European shares edged lower in early deals on Friday, weighed down by losses in BASF after an underwhelming earnings update from the German chemical group in a session dominated by a raft of company results Continue Reading Below The pan-European STOXX 600...

European Stocks Weighed Down by BASF

European shares edged lower in early deals on Friday, weighed down by losses in BASF after an underwhelming earnings update from the German chemical group in a session dominated by a raft of company results

Continue Reading Below

The pan-European STOXX 600 was down 0.1 percent by 0811 GMT. The index however remained near a 14-month high hit on Wednesday and was set for a positive weekly close for a third week in a row.

BASF, down 3.1 percent, was the biggest faller on the STOXX. The world's largest chemicals group said it would return to earnings growth after higher petrochemical prices bolstered fourth-quarter profit. However, Baader Bank analysts said BASF delivered a low quality beat and its 2017 outlook disappointed.

Saipem, down 5.4 percent, was among the top losers in Europe after the Italian oil services company said it did not expect any recovery for the industry this year in spite of higher crude prices, while Ingenico was the top gainer following a well-received earnings update.

 

(Reporting by Danilo Masoni)

Our editors found this article on this site using Google and regenerated it for our readers.

Publish Date : 24 Şubat 2017 Cuma 05:15

Breaking News Headlines

Challenges of Studying MBA online and Suggestions to Overcome Them
Challenges of Studying MBA online and Suggestions to Overcome Them
Was Road-Rage To Blame For This New Jersey Semi-Truck Accident?
Was Road-Rage To Blame For This New Jersey Semi-Truck Accident?
Tobacco is the leading cause of cancer – Switch to e-cigs to avoid premature death
Tobacco is the leading cause of cancer – Switch to e-cigs to avoid premature death
Technology Advancements: How will Things Change?
Technology Advancements: How will Things Change?
Bad Science – Ensuring We Keep Things Simple
Bad Science – Ensuring We Keep Things Simple
A Meaningful Life: Just What You Need for Better Health
A Meaningful Life: Just What You Need for Better Health
What to Expect at the Canadian Citizenship Test and Tips to Prepare
What to Expect at the Canadian Citizenship Test and Tips to Prepare
Tipping in America- What Should You Know as a Traveler?
Tipping in America- What Should You Know as a Traveler?
Sepi proposes to the ex-minister Miguel Sebastian as a director of Indra
Sepi proposes to the ex-minister Miguel Sebastian as a director of Indra
There are two Spains in the employment
There are two Spains in the employment
Valerio dodge the shock with the CEOE and downgrade to 7% the rise of the bases maximum contribution
Valerio dodge the shock with the CEOE and downgrade to 7% the rise of the bases maximum contribution
Spain puts an end in the EU in four years of cuts in the quota of hake south
Spain puts an end in the EU in four years of cuts in the quota of hake south
POLLS Results ALL
Who is the most powerful actor in Syria

Front Pages
  • The Sun
NEWS ARCHIVES