• Sun, Mar 1, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--
 TOP NEWS

Indonesia News Portal for Traders | Financial & Business Updates

28 October 2024 15:59  |

European markets rise as trading begins; Philips shares tumble more than 15%

European markets were higher as trading began on Monday as investors reviewed the geopolitical situation in the Middle East.

The pan-European Stoxx 600 was up 0.4% at 8:39 a.m. London time, with most regional bourses and sectors starting the day in positive territory.

Shares of Dutch medical devices giant Philips were last down 15.9% at 8:38 a.m. London time after initially failing to open. The company on Monday said it was cutting its full-year sales outlook due to weak demand from China.

Market participants will also be digesting a cooling geopolitical situation in the Middle East Monday after weekend airstrikes by Israel against Iran did not target oil or nuclear facilities as feared. Oil prices slid more than 4% Monday, although Citi analysts discounted the chance of an escalation that disrupts oil supplies.

Source: CNBC

Related News

HANGSENG

Hang Seng Index Rises 0.8%; Alibaba Leads Advance

The Hang Seng Index opened 0.8% higher, climbing 146.05 to 18,159.21, as stocks gain for the sixth straight day in Hong Kong....

20 September 2024 09:07
HANGSENG

Hong Kong Stocks Rise But Face Weekly Loss

Hong Kong stocks rose 214 points, or 1.0%, to 20,700 in early trade on Friday after a slump in the previous session, supporte...

25 October 2024 10:42
MARKET UPDATE

Asia Eyes Cautious Open After Worrying China Data

Asian stocks are set for a cautious open Monday after a slew of worse than expected Chinese economic activity data landed ove...

16 September 2024 07:31
MARKET UPDATE

Asia Shares Steady, Dollar Firm Before Jobs Test

Asian share markets got off to a quiet start on Monday as investors braced for a data-packed week culminating in a U.S. jobs ...

2 September 2024 07:47
BIAS23.com NM23 Ai