Equity World – European Stock Exchange moved mixed in trading Wednesday (18/01), as investors digested a number of earnings reports.

The FTSE is at 7230.56., Riding 10:18 points, or 0.14%

The DAX was at 11572.93, up 32.93 points or 0.29%

CAC is at 4841.80, down -17.89 points or -0.37%

IBEX 35 index was at 9379.40, down -15.50 points or -0.16%

The pan-European index Euro Stoxx 600 was 0.06 percent lower with the sector and bourses mixed. The FTSE 100 rose more than 0.3 percent after reaching new highs on Tuesday.

Technology shares moved higher after strong earnings reports. ASML, the largest supplier for semiconductor manufacturers, rose more than 5 percent after net profit beat estimates.

Shares of Pearson, the British publisher, plunged on Wednesday, down more than 28 percent. The company cut its profit outlook for the next two years, citing “unprecedented” changes in the publishing market.

Danish biotechnology company Novozymes beat expectations on Wednesday, announced the sale of 3.71 billion crowns ($ 530 million) in the fourth quarter. The company also said that there will be 198 layoffs, which is 62 in Denmark. Its shares fell after a higher opening.

British luxury brand Burberry rose more than 2 percent after reporting better performance than expected in the third quarter, with retail revenues rose 4 percent on an underlying basis to £ 735 million ($ 907 million), Reuters reported.

Now it is clear that the Prime Minister to May want to retain access to the EU single market, but is willing to negotiate free trade agreements with 27 other countries. BMW car manufacturers who followed the speech that the U.K. must safeguard tariff-free access to the European single market.

Meanwhile, investors will focus on President-elect As Trump prepares to be inducted. He told the Wall Street Journal that the dollar is “too strong” makes it more difficult for American companies to compete with other countries.

Deutsche Bank estimates that the impact of $ 1.2 billion for the fourth-quarter profit before tax after reaching a $ 7.2 billion settlement agreement with the US authorities to issue mortgage securities dangerous before the crisis. Its shares were lower on Wednesday.

Data released Wednesday confirmed an increase of 1.7 percent year-on-year in German consumer prices in December. CPI rose 1 percent from the previous month.

news by Equity World | ewf Surabaya