financetom
World
financetom
/
World
/
European Equities Close Lower in Tuesday Trading; Apple, Google Lose Appeals Against European Commission
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
European Equities Close Lower in Tuesday Trading; Apple, Google Lose Appeals Against European Commission
Sep 11, 2024 12:08 AM

12:26 PM EDT, 09/10/2024 (MT Newswires) -- The European stock markets closed lower in Tuesday trading as the Stoxx Europe 600 lost 0.49%, the Swiss Market Index was off 0.13%, France's CAC fell 0.24%, the FTSE in London dropped 0.78%, and Germany's DAX closed 0.89% lower.

In Germany, the consumer price index was 1.9% in August compared with the same month last year, marking the first time inflation has dipped below 2% in more than 3 years, according to the German Federal Statistical Office.

In the UK, job vacancies between the period of June to August decreased 4.7% compared with the period of March to May, according to the Office for National Statistics.

And in corporate news, the European Union's Court of Justice Tuesday denied Apple's appeal against a European Commission order to pay 13 billion euros ($14.35 billion) in back taxes to Ireland. Apple did not immediately reply to MT Newswires' request for comment.

The EU's Court of Justice also denied on Tuesday Alphabet unit Google's appeal against a 2.4-billion-euro penalty imposed by the European Commission in 2017 for anti-competitive practices. Google did not immediately respond to MT Newswires' request for comment on the matter.

Shares of AstraZeneca closed 2.4% lower in London after the pharmaceutical company reported Monday that overall survival rates in a phase 3 trial of potential lung cancer treatment datopotamab deruxtecan did not reach statistical significance compared with docetaxel.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Essity lags Q4 forecasts as higher costs offset volume and price growth
Essity lags Q4 forecasts as higher costs offset volume and price growth
Jan 23, 2025
(Reuters) -Swedish hygiene products maker Essity reported fourth-quarter core profit below market expectations on Thursday, as high raw material costs in its consumer tissue business and strong U.S. dollar hurt margins. Its shares fell more than 5% in early trading, among the biggest decliners on Europe's benchmark STOXX 600 index. Essity's adjusted operating profit before amortisation (EBITA) rose 2% to...
Japan's Nikkei rides tech boost to two-week high; BOJ decision in focus
Japan's Nikkei rides tech boost to two-week high; BOJ decision in focus
Jan 22, 2025
(Updates for market close) By Brigid Riley TOKYO, Jan 23 (Reuters) - Japan's Nikkei share average rose on Thursday as SoftBank Group and other technology stocks tracked their U.S. peers higher for a second straight session, while investors awaited the Bank of Japan's monetary policy decision due on Friday. The tech boost helped propel the Nikkei to a fresh two-week...
Puma shares indicated 11% lower after drop in full-year profit
Puma shares indicated 11% lower after drop in full-year profit
Jan 22, 2025
(Reuters) - Shares in Puma dropped 11% in pre-market trading on Thursday after the German sportswear maker late on Wednesday said it was dissatisfied with a decline in earnings last year, also announcing a cost-cutting programme. The firm said net profit came in at 282 million euros ($293 million) for the year, compared to 305 million euros in 2023, but...
Euro zone bond yields edge down, tariffs stay in focus
Euro zone bond yields edge down, tariffs stay in focus
Jan 23, 2025
Jan 23 (Reuters) - Euro zone bond yields edged down slightly on Thursday, while investors awaited more certainty around U.S. President Donald Trump's trade policies and looked ahead to next week's central bank meetings. Trump did not immediately impose tariffs on U.S. imports on his first day back in the White House, but said he is mulling tariffs of around...
Copyright 2023-2025 - www.financetom.com All Rights Reserved