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Economic Times
a day ago
- Business
- Economic Times
European shares end flat as markets assess earnings flurry
European shares were unchanged on Friday, as losses in heavyweight healthcare shares were countered by an advance in oil and gas stocks, closing out a busy week filled with corporate earnings from around the continent. ADVERTISEMENT The pan-European STOXX 600 index held steady at 547 points, clocking marginal weekly losses. Regional bourses were mixed with Germany's benchmark DAX dropping 0.3%, while the UK's blue-chip FTSE 100 gained 0.2%. With corporate earnings gaining steam, investors are closely examining corporate guidance to see how firms are adjusting to the shifting U.S. tariff policy, ahead of the August 1 trade deadline. "Earnings misses in Europe are being punished by more than history would suggest, pointing to greater scrutiny after a remarkable rally year-to-date," said Laura Cooper, head of macro credit and investment strategist at Nuveen. "How corporates are navigating tariff uncertainty, potentially weaker demand, and supply chain dynamics will be in focus, though a message of past-peak tariff enthusiasm could prop up sentiment and drive greater upside." ADVERTISEMENT On Friday, Swedish mining equipment maker Epiroc dropped 9.2% after its second quarter results missed market expectations. Atlas Copco also fell 7.8% after the Swedish industrial group reported second-quarter adjusted operating profit below market expectations and a decline in orders. ADVERTISEMENT There were bright earnings as well, with Saab jumping 16.4% after posting higher-than-expected second-quarter earnings and raising its sales outlook. Getinge added 6% after the Swedish medical equipment maker reported second-quarter core earnings above market expectations. ADVERTISEMENT Industrials was the best performing STOXX sub-sector this week, while automobiles was the laggard this week. On Friday, healthcare stocks were the top losers with British drugmaker GSK down 4.6% after a U.S. FDA advisory panel recommended against approving its blood cancer drug Blenrep due to concerns over side effects. ADVERTISEMENT Helping offset some losses, oil and gas shares added 0.6% and food and beverages advanced 0.8%. Among other moving stocks, Danish wind turbine maker Vestas jumped 15% after J.P. Morgan upgraded its rating to "overweight" from "neutral". Iveco climbed 8.3% after a Reuters report that Italy's Agnelli family is in talks over the possible sale of the truck maker with two mentioning Tata Motors as a potential buyer. Swedish home appliances maker Electrolux slumped 14.3% after poor second-quarter performance in Europe and India's Reliance Industries said its retail unit acquired home appliance maker Kelvinator from Electrolux. (You can now subscribe to our ETMarkets WhatsApp channel)
Business Recorder
a day ago
- Business
- Business Recorder
European shares end flat as markets assess earnings flurry
FRANKFURT: European shares were unchanged on Friday, as losses in heavyweight healthcare shares were countered by an advance in oil and gas stocks, closing out a busy week filled with corporate earnings from around the continent. The pan-European STOXX 600 index held steady at 547 points, clocking marginal weekly losses. Regional bourses were mixed with Germany's benchmark DAX dropping 0.3%, while the UK's blue-chip FTSE 100 gained 0.2%. With corporate earnings gaining steam, investors are closely examining corporate guidance to see how firms are adjusting to the shifting US tariff policy, ahead of the August 1 trade deadline. 'Earnings misses in Europe are being punished by more than history would suggest, pointing to greater scrutiny after a remarkable rally year-to-date,' said Laura Cooper, head of macro credit and investment strategist at Nuveen. 'How corporates are navigating tariff uncertainty, potentially weaker demand, and supply chain dynamics will be in focus, though a message of past-peak tariff enthusiasm could prop up sentiment and drive greater upside.' On Friday, Swedish mining equipment maker Epiroc dropped 9.2% after its second quarter results missed market expectations. Atlas Copco also fell 7.8% after the Swedish industrial group reported second-quarter adjusted operating profit below market expectations and a decline in orders. There were bright earnings as well, with Saab jumping 16.4% after posting higher-than-expected second-quarter earnings and raising its sales outlook. Getinge added 6% after the Swedish medical equipment maker reported second-quarter core earnings above market expectations. Industrials was the best performing STOXX sub-sector this week, while automobiles was the laggard this week. On Friday, healthcare stocks were the top losers with British drugmaker GSK down 4.6% after a US FDA advisory panel recommended against approving its blood cancer drug Blenrep due to concerns over side effects. Helping offset some losses, oil and gas shares added 0.6% and food and beverages advanced 0.8%. Among other moving stocks, Danish wind turbine maker Vestas jumped 15% after J.P. Morgan upgraded its rating to 'overweight' from 'neutral'. Iveco climbed 8.3% after a Reuters report that Italy's Agnelli family is in talks over the possible sale of the truck maker with two mentioning Tata Motors as a potential buyer. Swedish home appliances maker Electrolux slumped 14.3% after poor second-quarter performance in Europe and India's Reliance Industries said its retail unit acquired home appliance maker Kelvinator from Electrolux.
Business Times
a day ago
- Business
- Business Times
Europe: Shares end flat as markets assess earnings flurry
EUROPEAN shares were unchanged on Friday, as losses in heavyweight healthcare shares were countered by an advance in oil and gas stocks, closing out a busy week filled with corporate earnings from around the continent. The pan-European Stoxx 600 index held steady at 547 points, clocking marginal weekly losses. Regional bourses were mixed with Germany's benchmark DAX dropping 0.3 per cent, while the UK's blue-chip FTSE 100 gained 0.2 per cent. With corporate earnings gaining steam, investors are closely examining corporate guidance to see how firms are adjusting to the shifting US tariff policy, ahead of the Aug 1 trade deadline. 'Earnings misses in Europe are being punished by more than history would suggest, pointing to greater scrutiny after a remarkable rally year-to-date,' said Laura Cooper, head of macro credit and investment strategist at Nuveen. 'How corporates are navigating tariff uncertainty, potentially weaker demand, and supply chain dynamics will be in focus, though a message of past-peak tariff enthusiasm could prop up sentiment and drive greater upside.' BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up On Friday, Swedish mining equipment maker Epiroc dropped 9.2 per cent after its second quarter results missed market expectations. Atlas Copco also fell 7.8 per cent after the Swedish industrial group reported second-quarter adjusted operating profit below market expectations and a decline in orders. There were bright earnings as well, with Saab jumping 16.4 per cent after posting higher-than-expected second-quarter earnings and raising its sales outlook. Getinge added 6 per cent after the Swedish medical equipment maker reported second-quarter core earnings above market expectations. Industrials was the best performing Stoxx sub-sector this week, while automobiles was the laggard this week. On Friday, healthcare stocks were the top losers with British drugmaker GSK down 4.6 per cent after a US FDA advisory panel recommended against approving its blood cancer drug Blenrep due to concerns over side effects. Helping offset some losses, oil and gas shares added 0.6 per cent and food and beverages advanced 0.8 per cent. Among other moving stocks, Danish wind turbine maker Vestas jumped 15 per cent after JPMorgan upgraded its rating to 'overweight' from 'neutral'. Iveco climbed 8.3 per cent after a Reuters report that Italy's Agnelli family is in talks over the possible sale of the truck maker with two mentioning Tata Motors as a potential buyer. Swedish home appliances maker Electrolux slumped 14.3 per cent after poor second-quarter performance in Europe and India's Reliance Industries said its retail unit acquired home appliance maker Kelvinator from Electrolux. REUTERS
Reuters
2 days ago
- Business
- Reuters
European shares end flat as markets assess earnings flurry
July 18 (Reuters) - European shares were unchanged on Friday, as losses in heavyweight healthcare shares were countered by an advance in oil and gas stocks, closing out a busy week filled with corporate earnings from around the continent. The pan-European STOXX 600 index (.STOXX), opens new tab held steady at 547 points, clocking marginal weekly losses. Regional bourses were mixed with Germany's benchmark DAX (.GDAXI), opens new tab dropping 0.3%, while the UK's blue-chip FTSE 100 (.FTSE), opens new tab gained 0.2%. With corporate earnings gaining steam, investors are closely examining corporate guidance to see how firms are adjusting to the shifting U.S. tariff policy, ahead of the August 1 trade deadline. "Earnings misses in Europe are being punished by more than history would suggest, pointing to greater scrutiny after a remarkable rally year-to-date," said Laura Cooper, head of macro credit and investment strategist at Nuveen. "How corporates are navigating tariff uncertainty, potentially weaker demand, and supply chain dynamics will be in focus, though a message of past-peak tariff enthusiasm could prop up sentiment and drive greater upside." On Friday, Swedish mining equipment maker Epiroc ( opens new tab dropped 9.2% after its second quarter results missed market expectations. Atlas Copco ( opens new tab also fell 7.8% after the Swedish industrial group reported second-quarter adjusted operating profit below market expectations and a decline in orders. There were bright earnings as well, with Saab ( opens new tab jumping 16.4% after posting higher-than-expected second-quarter earnings and raising its sales outlook. Getinge ( opens new tab added 6% after the Swedish medical equipment maker reported second-quarter core earnings above market expectations. Industrials (.SXNP), opens new tab was the best performing STOXX sub-sector this week, while automobiles (.SXAP), opens new tab was the laggard this week. On Friday, healthcare stocks (.SXDP), opens new tab were the top losers with British drugmaker GSK (GSK.L), opens new tab down 4.6% after a U.S. FDA advisory panel recommended against approving its blood cancer drug Blenrep due to concerns over side effects. Helping offset some losses, oil and gas shares (.SXEP), opens new tab added 0.6% and food and beverages (.SX3P), opens new tab advanced 0.8%. Among other moving stocks, Danish wind turbine maker Vestas ( opens new tab jumped 15% after J.P. Morgan upgraded its rating to "overweight" from "neutral". Iveco ( opens new tab climbed 8.3% after a Reuters report that Italy's Agnelli family is in talks over the possible sale of the truck maker with two mentioning Tata Motors ( opens new tab as a potential buyer. Swedish home appliances maker Electrolux ( opens new tab slumped 14.3% after poor second-quarter performance in Europe and India's Reliance Industries ( opens new tab said its retail unit acquired home appliance maker Kelvinator from Electrolux.
Yahoo
2 days ago
- Business
- Yahoo
3 Top-Ranked Nuveen Mutual Funds to Buy for Fantastic Returns
Nuveen Investments, headquartered in Chicago, was founded in 1898 by John Nuveen. The company aims to provide financial services to its clients using a multi-boutique structure. It provides these services through an independent team, comprising Nuveen Asset Management, Winslow Capital and Symphony. Nuveen is the number one farmland assets manager in the world and a leader in alternative investments. In its Multi-Asset Solutions, the company had $1.3 trillion of assets under management as of March 31, 2025. Nuveen offers a wide range of asset classes and products, ranging from equity and alternative funds to municipal and taxable fixed-income bond funds. Below, we share with you three top-ranked Nuveen mutual funds, viz.,Nuveen Large Cap Growth Fund Premier TILPX, Nuveen Core Equity Fund Premier TRPGX and Nuveen Multi Cap Value Fund NQVCX. Each has a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of Nuveen mutual funds. Nuveen Large Cap Growth Fund Premier invests most of its assets, along with borrowings, if any, in equity securities of large-cap growth companies, which are expected to benefit from prospective acquisitions, reorganizations, corporate restructurings or other special situations. TILPX advisors also invest a small portion of the fund's net assets in foreign issues. Nuveen Large Cap Growth Fund Premier has three-year annualized returns of 25%. As of the end of April 2025, TILPX held 59 issues, with 10.3% of its assets invested in Nuveen Core Equity Fund Premier invests most of its net assets preferably in large-cap equity securities of issues, which, according to the fund's investment advisors, have the potential for capital appreciation, dividend income, or both. TRPGX advisors prefer to invest in companies that are attractively valued and have the potential to appreciate faster than their peers and generate regular income in the form of dividends, stock buybacks or both. Nuveen Core Equity Fund Premierhas three-year annualized returns of 21%. TRPGX has an expense ratio of 0.55%. Nuveen Multi Cap Value Fund invests most of its assets in equity securities of large, medium and small-capitalization domestic companies. NQVCX advisors may also invest a small portion of its net assets in foreign issues, including the emerging market countries. Nuveen Multi Cap Value Fund has three-year annualized returns of 15.6%. Jon E. Bosse has been the fund manager of NQVCX since November 1997. To view the Zacks Rank and the past performance of all Nuveen mutual funds, investors can click here to see the complete list of Nuveen mutual funds. Want key mutual fund info delivered straight to your inbox? Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >> View All Zacks #1 Ranked Mutual Funds Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Get Your Free (TRPGX): Fund Analysis Report Get Your Free (TILPX): Fund Analysis Report Get Your Free (NQVCX): Fund Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
