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EU Stocks Fall as Daimler, Deutsche Bank Earnings Decline

February, 03 2017
watermark Economic news

EU stocks dropped for the fourth consecutive time within a mere five-day period as the overall outlook for corporate health looked worse following an onslaught of neutral, if not disappointing forecast results. Drug corporations led the said slump after Novo Nordisk A/S dropped by 7.3%, which led to the firm cutting back on its sales outlook for this year. Deutsche Bank AG decreased by 5.2% after its quarterly trading profit data failed to meet market expectations, while Daimler AG fell back by 2.7% after statements from its officials that profit is expected to increase by only a minimum percentage this 2017.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.