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Chip stocks propel gains in Europe
European shares gained on Tuesday as Apple suppliers held the lead following reports of strong iPhone sales.
Semiconductor makers jumped into the spotlight with AMS, Dialog, and STMicro posting gains in early trading, pushing the technology sector higher by 1%.
Apple Inc’s Chief Executive Officer Tim Cook told a German daily that sales of the company’s newest iPhones were off to a strong start.
Investors are anxiously waiting for HIS Markit’s Purchasing Managers’ Index (PMI) data from the euro zone, and will pay close attention to Germany as their economy battles a manufacturing recession.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
Asian stocks advanced on the prospect of ultra-easy monetary policy as the U.S. Federal Reserve kept interest rates near zero. Fed deemed it necessary to salvage the ailing economy, dragging the dollar down to a two-year low. The target range ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
On Wednesday, European stocks rose slightly after mixed earnings reports. However, the new wave of the coronavirus outbreak kept investors cautious while they also wait for the U.S. Federal Reserve’s announcement. The Stoxx Europe 600 ...
European shares fell earlier on Monday, weighed down by travel stocks after the U.K. placed a quarantine on travelers from Spain as the number of COVID-19 cases continue to surge. The pan-European STOXX index lost 0.5% at 0718 GMT. Meanwhile, ...
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