European stocks fell on Tuesday after weak results from and Bayer took the shine off a jump in growth-linked cyclical stocks, while investors await signs of progress regarding a new US fiscal stimulus.<\/p>\n\n\n\n
Diaggio, the world’s largest wine producer, fell 5.9% after it announced a larger-than-expected drop in core net sales in light of declining demand for its whiskey, vodka and gin products in all markets except North America.<\/p>\n\n\n\n
Energy giant BP jumped 5.8% after it cut dividends, in a widely expected move and announced a record loss of $ 6.7 billion in Q2 amid the demand for fuel affected by the Coronavirus crisis.<\/p>\n\n\n\n
Oil and gas companies led the gains, up 2.1%, while auto, banking, entertainment and travel makers advanced between 1.5% and 2%.<\/p>\n\n\n\n
By 0727 GMT, the European Stoxx 600 index was 0.2% down, Eurozone blue-chip stocks .STOXX50E gained 0.5%.<\/p>\n\n\n\n
The German Bayer drugs and pesticides group fell 3% after it announced a net loss of 9.5 billion euros ($ 11.2 billion) in Q2, after a $ 10.9 billion settlement to US lawsuits over allegations that its weed killer product Rondab is causing cancer.<\/p>\n","protected":false},"excerpt":{"rendered":"
European stocks fell on Tuesday after weak results from and Bayer took the shine off a jump in growth-linked cyclical stocks, while investors await signs of progress regarding a new US fiscal stimulus. Diaggio, the world’s largest wine producer, fell 5.9% after it announced a larger-than-expected drop in core net sales in light of declining …<\/p>\n","protected":false},"author":9,"featured_media":31000,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[6911,6851],"class_list":["post-32177","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-europe","tag-stocks"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/32177","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=32177"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/32177\/revisions"}],"predecessor-version":[{"id":32179,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/32177\/revisions\/32179"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31000"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=32177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=32177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=32177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}