2024-04-17 16:59:35
The leading indices of the main European stock exchanges fell in early trading today. Investors continued to monitor developments in the Middle East following Iran’s drone and missile attack on Israel late Saturday. Israel has vowed to retaliate, but signaled it may delay action for now while its allies urge it to remain calm, CNN reported.
The FTSE-100 index of the London Stock Exchange lost 96.69 points or 1.27 percent to 7,868.84 points at 10:43 a.m. Bulgarian time.
In Frankfurt, the DAX fell 246.63 points, or 1.37 percent, to 17,779.95.
The Paris CAC 40 fell 112.38 points, or 1.40 percent, to 7,932.73 points.
The pan-European Stoxx 600 was down 1.26 percent at 499.57 points, with all sectors deep in the red. Mining companies lost the most, losing an average of 2.2 percent, and financials 2.1 percent.
Shares in Ericsson (Ericsson) jumped about 8 percent after the Swedish telecommunications technology company this morning reported adjusted first-quarter profit that beat expectations. The company believes its sales may stabilize in the second half of the year despite weak demand for 5G equipment.
Although sales fell 15 percent, Ericsson’s operating profit, excluding restructuring costs, rose unexpectedly to 4.3 billion kroner ($394.40 million) from 4 billion kroner in the same period in 2023. BTA reported.