European shares rise cautiously from 22-month low as earnings misses are punished [Reuters (UK)]
Barrick Gold Corporation (BC) (GOLD)
Last barrick gold corporation (bc) earnings: 2/12 07:00 am
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Source: Reuters
European shares rise cautiously from 22-month low as earnings misses are punished | Reuters 3 Min Read LONDON (Reuters) - European shares hit their lowest level since December 2016 in early trading after as trade wars, rising U.S. yields, Brexit and the Italy/EU budget row continued to weigh on markets, before recovering modestly to end the day up 0.1 percent. The pan-European STOXX 600 had last week suffered its biggest drop since February. Noting that Wall Street had also managed to stage a rebound on Friday, ING analysts said the risks were still significant. “Just as you shouldn’t breathe too big a sigh of relief after earth tremors end, we remain anxious of a market that seems jittery, even against the backdrop of a very strong U.S. economy,” they told clients. European shares have underperformed their American peers since the beginning of the year and analysts believe companies that fail to meet expectations during the third quarter earnings season will be severely punished. Ind
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