LONDON – European shares have closed mainly higher, with low-priced airline Ryanair climbing after it issued a bullish outlook while shares in William Hill surged on bid interest from its rivals.
Advertisement
In non-earnings news, Netflix jumped 4.3 per cent on news it signed a deal with 20th Century Fox to be the global streaming home for the Emmy-nominated smash hit American Crime Story.
The S&P 500 (^GSPC) was off 10 points, or 0.46 percent, at 2,165, with energy leading nine sectors lower and consumer discretionary the only advancer. Verizon Communications (VZ.N) fell 1.9 percent after subscriber numbers fell below estimates.
In other commodities, the September natural gas was down four cents at US$2.68, while the August gold contract gained $1.30 to US$1,320.80 an ounce and September copper contracts rose one cent to US$2.23 pound. Its shares dipped 1.10 percent to $177.66 apiece on Tuesday.
Dragged by the falling oil, energy sector, the biggest laggard of the S&P 500’s ten sectors, tumbled 1.99 percent on Monday.
The Dow Jones Industrial Average on Monday fell 77.79 points, or 0.42 per cent, to 18,493.06, Xinhua news agency reported.
Historical data from U.S. earnings helped to boost stocks, albeit USA executives are sensitive to what so-called “Brexit” will mean for their businesses in the future.
Advertisement
McDonald’s shed 4.5 per cent as it reported a 9.1 per cent drop in second-quarter earnings US$1.09 billion (S$1.48 billion), due to a US$230 million charge from refranchising operations and tepid growth across its markets. The stock weighed the most on the Dow. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, is down by less than a basis point at 1.563 percent. Japan’s Nikkei 225 Index edged down by less than a tenth of a percent, while Hong Kong’s Hang Index inched up by 0.1 percent. Its shares fell 12 cents, or 0.52 per cent, to $22.81. Last week, the S&P closed out trading with a new record closing high, while the Nasdaq recorded its best closing level of the year.
