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European Market Updates

European Shares Slide As US Tech Earnings Disappoint

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

European stocks fell on Friday as investors digested a deluge of earnings and economic reports.

Investors also looked ahead to next week's Federal Reserve meeting for clues on whether a pivot on the pace of rate hikes is on the table.

The pan European STOXX 600 dropped 0.8 percent to 406.9 following disappointing earnings results from U.S. tech companies.

Amazon offered a gloomy view of its financial future and Apple signaled slower growth ahead while Intel announced lower-than-expected earnings guidance for the full fiscal.

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Market Analysis

Global Economics Weekly Update - Jun 01 - Jun 05, 2026

June 05, 2026 16:18 ET
A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.

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