European stocks traded lower on Monday amid mixed concerns, including new restrictions on operations and problems in US-triggered negotiations in response to the profit warning of business software company SAP, COVID-19.
Stocks Europe 600 SXXP, down 1.4% last week
After the SAP warning, the German DAX DAX,
Excluded 2.2%. French CAC 40×1,
UK FTSE 100 UKX, down 0.6%
Futures on the Dow Jones Industrial Average YM00,
Excluded 277 points. S&P500 SPX,
It fell 0.5% last week.
Further restrictions on operation Introduced in Europe to fight the second wave of corona virus infection. Italy will close bars and restaurants by 6pm from Monday, completely closing cinemas and gyms, while Spain is introducing an 11pm curfew order. World Health Organization (WHO) Director-General Tetros Adanom Caprais said the Northern Hemisphere was facing a “dangerous moment”.
In a separate interview with CNN on Sunday, House Speaker Nancy Pelosi and White House Chief of Staff Mark Meadows accused him of moving goal posts in provocative talks.
Investors in Europe are pushing ahead with talks on the post – Brexit trade deal, this week’s European Central Bank meeting and next week’s US elections between the EU and the UK.
“Most investors want to be optimistic about the reversal of the stock market, but they are also skeptical about the next US stimulus package. Led to implementation, and it is widely expected that they will affect businesses, ”said Pierre Weiret, technical analyst at Activates.
Germany’s closely followed IFO business climate index fell for the first five months of October.
Another indicator of the economic struggles facing Turkey is the break of the 8 Turkish lira.
Oct. For two years. SAP said its 2023 operating margin will be 5 percentage points lower than previously targeted.
Capgemini CAP, IT Consultant,
Dropped after SAP warning.
Coca-Cola European Partners CCEP
Coca-Cola raises 1% after paying $ 10.8 billion or $ 5.2 billion to CCL
One of the largest bottle and distributors of liquor and liquor and coffee in the Asia Pacific region. Coca Cola Co. Go,
Temporarily agreed to sell 31% of its shares. Coca-Cola European bottlers separately reported a 3% decline in adjusted revenue in the third quarter.
The German pharmaceutical and chemical company rose 2% after the German pharmaceutical and chemical company said it would pay up to $ 4 billion to US-based Asclepios Biopharmaceuticals, which specializes in gene therapy.
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