top of page

Title: European shares slip ahead of economic data; Avast soars

  • Writer: analysiswatch
    analysiswatch
  • Aug 3, 2022
  • 1 min read


Aug 03, 2022 03:41AM ET


By: AnalysisWatch


European shares fell in early trading on Wednesday ahead of key business growth data, while broader markets weighed the potential fallout from U.S. House Speaker Nancy Pelosi's visit to Taiwan.


The STOXX 600 index slipped 0.2% at 7:10 GMT.


Investors are awaiting crucial data on business growth and services in the euro zone to gauge the continent's economic health amid fears of a recession.


Luxury carmaker BMW dropped 5.5% after warning of a highly volatile second half.


Strong earnings reports from other companies capped losses in morning trade.


Infineon (OTC:IFNNY), the leading supplier of microchips to the auto industry, rose 3.1% on lifting its full-year outlook as it posted a 33% year-on-year increase in quarterly revenue.


Britain's competition regulator said it has provisionally cleared cyber security firm NortonLifeLock (NASDAQ:NLOK)'s $8.6 billion purchase of rival Avast. London-listed Avast's shares jumped 42.4%.



Comments


2b94f773-a237-4da7-a599-6b42314ed9e6.png

Risk Disclosure: AnalysisWatch will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Currency trading on margin involves high risk, and is not suitable for all investors. Before deciding to trade foreign exchange or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite.
AnalysisWatch would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore AnalysisWatch doesn’t bear any responsibility for any trading losses you might incur as a result of using this data.

bottom of page