European Shares Modestly Higher In Cautious Trade

EarningsMacro
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Summary · why it matters

European stocks eked out modest gains in cautious trade on Tuesday as investors reacted to mixed earnings updates and awaited interest-rate decisions from the Bank of England and the Federal Reserve later this week. The pan European STOXX 600 was up 0.2 percent at 510.33, while the German DAX, France's CAC 40 and the U.K.'s FTSE 100 all rose around 0.3 percent. Vestas plummeted 11 percent after lowering its EBIT projection for the Service segment to EUR 450 million from EUR 500 million, and Schroders fell almost 12 percent after reporting £2.3 billion of quarterly outflows. Associated British Foods rallied 2.7 percent on strong annual results, and Swiss Re gained 1.1 percent after agreeing to sell its European P&C business to Allianz Direct.

Impact on stocks 4

Synthetic Biology (non-pharma) · 1 stocks
Financials · 1 stocks
Schroders PLC
SDR
▼ NegativeCapitalrelevance

Reported £2.3 billion of quarterly outflows, causing shares to fall nearly 12%.

Climate Adaptation & Water · 1 stocks
Swiss Re AG
SREN
▲ PositiveCapitalrelevance

Agreed to sell its European P&C business to Allianz Direct, shares gained 1.1%.

Industrials · 1 stocks
Vestas Wind Systems A/S
VWSB
▼ NegativeCapitalrelevance

Lowered EBIT projection for Service segment to EUR 450 million from EUR 500 million, shares plummeted 11%.