(File) In this file photo taken on May 08, 2019, a pedestrian walks behind the logo of the Swiss banking giant UBS carved on the wall of its headquarters in Zurich.
Fabrice Cofrini / Agency France-Press / Getty Images
European stocks plunged on Tuesday amid concerns over the political climate on both sides of the Atlantic, as the continent’s largest companies, including UBS and Reckitt Benckiser, said how the epidemic had helped instead of a haphazard business.
Stoxx Europe 600 SXXP,
Decreased 0.4%, and the main regional index, German DAX, DAX,
French CAC 40 PX1,
And UK FTSE 100 UKX,
Also took a step back.
U.S. stock S.P.X.
Falling again on Monday, re-hope on monetary stimulus will be off again. The European Union, meanwhile, has indicated it is ready to step up negotiations on a new trade agreement with the UK, but a Times report said it had given no other indication of easing its position.
News on the epidemic front continued to be worrisome, with Ireland moving towards its highest level of sanctions when Wales began a national lockdown.
The loss also came with reports of lots of earnings received.
Logitech International LOGN,
LOGI,
The Swiss-American computer peripheral maker saw a 75% jump in sales in the second quarter of the fiscal year, as its profits rose during the quarter.
Shares of Sartorius SRT, a biopharmaceutical lab equipment manufacturer.
Now climbing 6%, saying revenue at the top end or slightly higher, predicted a range of 22% to 26% for the previous year. The company said biopharmaceutical customers have benefited from the increased capacity of coronavirus vaccines and Covid-19 therapies.
UBS UBSG,
UBS,
The stock rose 2% as it set another અ 1.5 billion for Swiss banking giant stock buybacks and another 1 1 billion for dividends, which it expects to allow to resume next year. UBSA said its third-quarter profit nearly doubled due to a 42% growth in global markets revenue.
Reckitt Benckiser RB,
Due to demand for disinfectant brands such as Lisol, the stock has risen 1% as the consumer-products company has increased its sales guidance.
BMW BMW,
Shares slipped 1%. Late Monday, BMW said it would compare omot tomative cash flows forecast in the third quarter.
Shares of Remote Software Provider TeamViewer TMV.
Parmira fell 7% after closing 11% on Monday at an 8% discount. The stock has risen 34% this year.
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