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Stock impact report

UPDATE 2-Growth and trade nerves grind European shares down to 2-week low [Reuters (UK)]

STMicroelectronics N.V. (STM) 
Last stmicroelectronics n.v. earnings: 4/22 01:00 am Check Earnings Report
US:NYSE Investor Relations: investors.st.com
Company Research Source: Reuters
Growth and trade nerves grind European shares down to 2-week low | Reuters 5 Min Read LONDON (Reuters) - Worries about U.S. bond markets signaling an impending recession, and a still rumbling trade war between the world’s top two economies, saw European shares sink further on Wednesday after a 3 percent drop on Wall Street the previous day. The pan-European STOXX 600 ended down 1.2 percent at its lowest level since Nov. 23. The euro zone .STOXXE stock index and Germany's DAX .GDAXI also fell 1.2 percent. U.S. stock markets were shut on Wednesday for a day of mourning in honor of former president George H.W. Bush who died last week. Cyclical sectors like construction .SXOP and miners .SXPP posted the biggest falls, down 2.2 and 1.8 percent respectively, as investors dumped stocks highly sensitive to economic growth. “Cyclicals are really dependent upon accelerations in growth, they’re very real economy sensitive for higher revenues,” said John Ricciardi, CEO and lead portfolio manager Show less Read more
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