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The Gist
News and Features
Global Philippines Fine Living
Insights
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
Webinars
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
Downloads
economy-ss-9
Economic Updates
Quarterly Economic Growth Release: 5.4% Q12025
May 8, 2025 DOWNLOAD
investment-ss-3
Economic Updates
Policy rate views: Uncertainty stalls cuts
May 8, 2025 DOWNLOAD
grocery-2-aa
Economic Updates
Inflation Update: BSP poised for a string of rate cuts as inflation cools
May 6, 2025 DOWNLOAD
View all Reports
Economy 3 MIN READ

European futures point to second day of losses

October 3, 2023By Reuters
Related Articles
Euro zone yields hit one-month high on expectations of tighter policy April 19, 2023 Gold eases for sixth session as dollar marches upward October 10, 2024 Oil prices gain by tight supply; other risk assets swoon on Fed rate hike November 2, 2022

European shares look likely to fall for a second day on Tuesday, as investors grow uneasy about a rapid surge in long-term bond yields and continued dollar strength as they ponder the interest rate outlook in the United States.

Fed Governor Michelle Bowman said on Monday she was willing to support another rate hike if upcoming data shows progress on inflation is stalling or proceeding too slowly.

EuroSTOXX50 and FTSE futures fell 0.5% and 0.2%, while S&P contracts eased 0.1% following a flat day on Monday, when gains across tech offset a big drop in rate-sensitive utilities.

European corporate news was quiet as companies prepare for the fourth quarter earnings season.

Among the stocks to watch, Boohoo could come under heavy pressure after the British online fashion retailer warned a slower-than-expected recovery in sales would see revenue for the year fall by 12%-17%. Peers like Zalando could also take a hit.

UK baker Greggs instead kept its FY outlook as underlying sales rose in the third quarter and it won market share, while on a more upbeat note, Swiss construction chemicals maker Sika nudged up its sales growth target to 6-9% per year.

Finally, Thyssenkrupp was also one to watch. Its top shareholder expects involved stakeholders to soon decide on the future of the German conglomerate’s steel division, its head told a German newspaper.

 

This article originally appeared on reuters.com

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