The way indexes rebounded from their early slides today — passing up a chance to digest gains — indicates the bottom is more credible than initially thought. Read More...
Reuters
European stocks slip as earnings signal slowing economy
(Reuters) -European stocks slipped on Wednesday, hit by disappointing earnings reports from Wall Street’s tech giants, while a gloomy economic outlook overshadowed strong profits at some of Europe’s largest banks. Shares of Germany’s Deutsche Bank, Britain’s Barclays and Spain’s Santander came under pressure as they warned of risks after posting stronger-than-expected profits. Italy’s UniCredit was a rare bright spot as its shares rose 3.9% after the bank raised its 2022 profit goal.
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