S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
European stocks closed lower on Friday amid further pressure from high energy prices and their impact on the European economy, despite stronger earnings from the tech sector. The Eurozone’s STOXX 50 fell 0.3% to 5,885 and the STOXX 600 dropped 0.6% to 611, each dropping for five consecutive sessions. The Iran and US blockade on commercial vessels navigating the Strait of Hormuz dented hopes of an imminent agreement and maintained pressure on global energy supply, lifting the outlook on rates and denting equities. Sovereign yields held the week’s gain as Governing Council members warned about the need to hike rates this quarter, pressuring banks with Santander and BNP Paribas dropped 1.5%. Industrials also lagged, with Safran and Rheinmetall losing 3% and 6%. Also, Eni dropped 1.2% after missing earnings. In turn, SAP jumped 4.6% after posting strong earnings.
Profit
Everyone's racing to cut costs. We're racing to create profit.
Start Selling through Service
