Earnings worries dent global stocks

A man looks at at an electronic stock quotation board outside a brokerage in TokyoUnderscoring concerns, JPMorgan Chase reported lower-than-expected earnings per share on Tuesday, sending its shares slightly lower in pre-market trade. Almost 10 of every 11 earnings pre-announcements for the current earnings season from companies in the U.S. S&P 500 index have cut estimates, Thomson Reuters data showed. The FTSEurofirst 300 of pan-European shares was down 0.4 percent at 1158 GMT, with the broader MSCI World index , which tracks shares in 45 countries, also down 0.4 percent at 402.52 points. U.S. stock index futures pointed to a flat-to-higher start for the cash market after the worst one-day fall since November for the U.S. S&P 500 index.


Related Post

Comments are closed.