European shares fell to a new one-week low on Friday, with companies like satellite operator SES slumping after a disappointing update and commodity shares tracking a sharp decline in mining and oil prices.
SES shares fell 6.8 per cent, the biggest decliner in the blue-chip FTSEurofirst 300 index, after cutting its full-year revenue and profit guidance following a delayed satellite launch and a decline in earnings from fixed data customers due to the strong dollar.
The European basic resources and energy sectors fell 3.3 per cent and 1.4 per cent respectively after copper prices tumbled to a six-year low on worries about Chinese demand, and oil neared four-month lows after data showed a contraction in China's factory sector.
Click Here For Free Signals OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance About KLSE online Feel Free To Mail Us at : info@epicresearch.my
SES shares fell 6.8 per cent, the biggest decliner in the blue-chip FTSEurofirst 300 index, after cutting its full-year revenue and profit guidance following a delayed satellite launch and a decline in earnings from fixed data customers due to the strong dollar.
The European basic resources and energy sectors fell 3.3 per cent and 1.4 per cent respectively after copper prices tumbled to a six-year low on worries about Chinese demand, and oil neared four-month lows after data showed a contraction in China's factory sector.
Click Here For Free Signals OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance About KLSE online Feel Free To Mail Us at : info@epicresearch.my
No comments:
Post a Comment