Sat. Nov 23rd, 2024

European Stocks Subdued as Euro Soars against Dollar

By Investors Hub

European stocks are subdued on Friday as the euro strengthened against the dollar and investors digested comments by ECB President Mario Draghi at the Frankfurt European Banking Congress.

While the German DAX Index has inched up by 0.1 percent, the U.K.’s FTSE 100 Index and the French CAC 40 Index are nearly flat.

Deutsche Börse has rallied after the company hired UniCredit’s Germany chief as its new CEO. Media group Vivendi has also moved higher after solid third-quarter results.

Kier Group shares has also risen after the property services firm said it remains on course to deliver double digit profit growth in the current year and achieve Vision 2020 targets.

On the other hand, Catering group Elior has slumped after a profit warning. Builder and outsourcing group Carillion has tumbled in London after another profit warning.

By Modupe Gbadeyanka

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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