Bulletin
Investor Alert

London Markets Open in:

Europe Markets Archives | Email alerts

Aug. 22, 2018, 12:13 p.m. EDT

European stocks end flat ahead of Federal Reserve minutes

Trade and Brexit issues remain in focus

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    STOXX Europe 600 Index (SXXP)
  • X
    FTSE 100 Index (UKX)
  • X
    DAX (DAX)

or Cancel Already have a watchlist? Log In

By Ryan Vlastelica

1 2

Opinion: Gear up for a no-deal Brexit: 5 areas to watch

However, U.K. Brexit minister Dominic Raab on Tuesday tweeted that he was “confident” a deal could be struck, and that Brexit negotiations would be “continuous” from now on, though they were in the final stage.

In another potential issue for equities, two men close to President Trump faced significant legal issues. Former Trump campaign chairman Paul Manafort on Tuesday was found guilty on eight charges, including tax fraud, as the president’s former lawyer Michael Cohen said he violated campaign-finance law at Trump’s direction. While the issue has no direct economic impact, it could increase the levels of political uncertainty and further cloud the outlook for trade policy.

What are market analysts saying?

“Whilst investors have been relatively optimistic that a positive outcome will be secured from the meeting, neither the U.S. or China are optimistic that the talks can succeed, where three earlier rounds have failed,” said Jasper Lawler, head of research at the London Capital Group. “With expectations sitting so low, just the slightest hint of good news could be enough to ignite risk appetite.”

What stocks are in focus?

Continental AG /zigman2/quotes/202192628/delayed DE:CON +1.03%  tumbled 13% after the tire company cut its 2018 sales and margin guidance due to currency effects, cost increases and warranty claims.

Headlam Group PLC /zigman2/quotes/206265240/delayed UK:HEAD +0.79%  reported a drop in its first-half results, and said its full-year earnings would be at the low end of analyst expectations due to difficult market conditions. The stock ended 0.7% higher.

Cybersecurity firm Avast PLC /zigman2/quotes/203787462/delayed UK:AVST -1.93%  reported growth in its first-half earnings and revenue, and it boosted its margin guidance. Shares rose 3.2%.

Hannover Rueck SE /zigman2/quotes/205940444/delayed XE:HNR1 +0.79%  named Jean-Jacques Henchoz as its next chief executive officer, effective May 2019. Shares rose 0.4%.

/zigman2/quotes/202192628/delayed
DE : Germany: Frankfurt
84.06
+0.86 +1.03%
Volume: 77.00
Aug. 11, 2020 8:04a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
N/A
Rev. per Employee
€182,564
loading...
/zigman2/quotes/206265240/delayed
UK : U.K.: London
255.00 p
+2.00 +0.79%
Volume: 26,975
Aug. 10, 2020 4:35p
P/E Ratio
7.54
Dividend Yield
0.00%
Market Cap
£212.89 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/203787462/delayed
UK : U.K.: London
585.50 p
-11.50 -1.93%
Volume: 1.45M
Aug. 10, 2020 4:35p
P/E Ratio
30.54
Dividend Yield
1.92%
Market Cap
£6.12 billion
Rev. per Employee
£414,066
loading...
/zigman2/quotes/205940444/delayed
XE : Germany: Xetra
139.70
+1.10 +0.79%
Volume: 116,778
Aug. 10, 2020 6:30p
P/E Ratio
16.45
Dividend Yield
3.94%
Market Cap
€16.71 billion
Rev. per Employee
€5.80M
loading...

Ryan Vlastelica is a markets reporter for MarketWatch and is based in New York. Follow him on Twitter @RyanVlastelica.

Get news alerts on S&P 500 Index and Euro — or create your own.
1 2
This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »

Partner Center

World News from MarketWatch

Link to MarketWatch's Slice.