On Thursday, a series of new cases of coronavirus excited enthusiasm for European stocks.
Ready for three consecutive days, the Stoxx Europe 600
SXXP,
fell 0.8% to 427.70.
American Equity Futures
ES00,
also fell sharply, suggesting that the Dow Jones Industrial Average
DJIA,
could reverse much of the 275-point gain that led to its seventh record close in 2020.
China reported 254 new deaths and 15,152 new cases of Covid-19, as a different methodology was applied in the hard-hit Hubei province.
The French Minister of the Economy, Bruno Le Maire, estimated this year at 1 percentage point the weight of the world economy. The International Energy Agency has lowered its prospects for growth in oil demand to the lowest since 2011. Concerns have canceled the Mobile World Congress in Barcelona, which could have attracted 100,000 people to the Spanish city.
Centrica
CNA,
Shares fell 16% as UK electricity and gas supplier said adjusted operating cash flow for 2020 is expected to drop to the bottom of £ 1.6 billion to £ 1.8 billion sterling if current commodity prices are maintained, after falling 18% to £ 1.83 billion in 2019. Adjusted operating profit fell 35% last year to £ 901 million after a UK price cap and falling natural gas prices.
Rexel
RXL,
shares rose 10%, with the French electricity distributor predicting adjusted operating profit growth between 2% and 5% for 2020, which was stronger than expected.
Barclays
BARC,
BCS,
Shares fell 2% as the bank said it may not meet its return on equity target in 2020. It also revealed that UK financial regulators are exploring links between CEO Jes Staley and Jeffrey Epstein. Barclays said Staley’s relationship with Epstein, who died by suicide last year in a Manhattan prison cell while facing federal charges of sex trafficking, was “professional.”
On Thursday, a series of new cases of coronavirus excited enthusiasm for European stocks.
Ready for three consecutive days, the Stoxx Europe 600
SXXP,
fell 0.8% to 427.70.
American Equity Futures
ES00,
also fell sharply, suggesting that the Dow Jones Industrial Average
DJIA,
could reverse much of the 275-point gain that led to its seventh record close in 2020.
China reported 254 new deaths and 15,152 new cases of Covid-19, as a different methodology was applied in the hard-hit Hubei province.
The French Minister of the Economy, Bruno Le Maire, estimated this year at 1 percentage point the weight of the world economy. The International Energy Agency has lowered its prospects for growth in oil demand to the lowest since 2011. Concerns have canceled the Mobile World Congress in Barcelona, which could have attracted 100,000 people to the Spanish city.
Centrica
CNA,
Shares fell 16% as UK electricity and gas supplier said adjusted operating cash flow for 2020 is expected to drop to the bottom of £ 1.6 billion to £ 1.8 billion sterling if current commodity prices are maintained, after falling 18% to £ 1.83 billion in 2019. Adjusted operating profit fell 35% last year to £ 901 million after a UK price cap and falling natural gas prices.
Rexel
RXL,
shares rose 10%, with the French electricity distributor predicting adjusted operating profit growth between 2% and 5% for 2020, which was stronger than expected.
Barclays
BARC,
BCS,
Shares fell 2% as the bank said it may not meet its return on equity target in 2020. It also revealed that UK financial regulators are exploring links between CEO Jes Staley and Jeffrey Epstein. Barclays said Staley’s relationship with Epstein, who died by suicide last year in a Manhattan prison cell while facing federal charges of sex trafficking, was “professional.”
