European Stocks Slip as Rate-Cut Doubts, Inflation Jitters Weigh [BNN Bloomberg (Canada)]
Telefonica SA (TEF)
Last telefonica sa earnings: 2/23 04:01 pm
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Source: BNN Bloomberg
The Stoxx 600 index was down 0.6% by the close in London, with insurance, construction and industrial sectors down the most. Mining stocks got a boost as iron ore headed for its largest two-day rally in more than two years, with China entering a stronger season for steel demand. Copper is also trading near a 15-month high. Telecom shares outperformed. The rally in oil and metals is intensifying fears of a commodity-driven inflation resurgence. Economists surveyed by Bloomberg predict Wednesday's inflation data will show a slight acceleration in annualized CPI, and traders now favor just two Fed rate cuts this year. US 10-year yields were on Monday within a whisker of the psychologically important 4.5% level and near the highest since November. “With a lot of data and earnings skewed to the latter stages of the week, it's keeping investors on the sidelines,” said Mark Taylor, a director at UK broker Panmure Gordon. “The lack of participation ahead of tomorrow's US CPI print attest
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TEF
Earnings
- 2/23/24 - Beat
TEF
Sec Filings
- 4/26/24 - Form SC
- 4/23/24 - Form 6-K
- 4/22/24 - Form SC
- TEF's page on the SEC website