We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
IMCD NV | EU:IMCD | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-1.75 | -1.23% | 140.50 | 139.00 | 143.60 | 142.40 | 139.70 | 142.35 | 113,936 | 16:40:00 |
By Steve Goldstein, MarketWatch
Europe stocks on Monday advanced, as government officials across the globe discussed how the world economy could avoid a sharp downturn.
After losing ground for three straight weeks, the Stoxx Europe 600 index increased 0.67% to 372.11, with the hard-hit banking sector leading the advance.
The German DAX increased 0.78% to 11652.42, the U.K. FTSE 100 rose 0.72% to 7168.71 and the French CAC 40 rose 0.65% to 5335.50.
U.S. stock futures also were stronger.
What's happening
After a report from news magazine Spiegel, last week that suggested Germany could deficit spend if it entered recession, Finance Minister Olaf Scholz over the weekend said the country has the strength to counter any economic crisis with "full force," according to a Reuters report. The yield on the benchmark 10-year bund edged up to -0.64%.
Underscoring the space the European Central Bank still has to loosen policy, Eurostat revised lower its estimate of inflation in the euro area in July to 1% from 1.1%. That's the slowest annual rate since Nov. 2016.
"An optimal policy mix would actually go beyond ECB easing, but be paired with governments helping, too. But fiscal policy is unlikely to come to a preventive rescue, or at least not very swiftly," said economists from Bank of America Merrill Lynch, who lowered their estimates of euro-area GDP by a tenth in 2019 and two-tenths in 2020.
Meanwhile, two White House aides over the weekend gave upbeat assessments of the global economy. In addition, President Donald Trump said he would consider a request from Apple CEO Tim Cook to consider the impact on U.S. tariffs.
Focus stocks
CYBG (CYBG.LN) shares rose 3.8% as UBS upgraded the Clydesdale Bank and Virgin Money UK owner to buy from neutral, saying it's underperformed the sector by 20% and U.K. banks by 15% since the company gave its last update.
IMCD (IMCD.AE) extended losses from last week, falling 3.9%. Deutsche Bank cut the Dutch food ingredient maker's target price after what it called a "disappointing" print.
(END) Dow Jones Newswires
August 19, 2019 05:49 ET (09:49 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
1 Year IMCD NV Chart |
1 Month IMCD NV Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions