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Germany stocks higher at close of trade; DAX up 1.62% By Investing.com

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© Reuters. Germany stocks higher at close of trade; DAX up 1.62%

Investing.com – Germany stocks were higher after the close on Friday, as gains in the , and sectors led shares higher.

At the close in Frankfurt, the gained 1.62%, while the index climbed 1.10%, and the index added 0.86%.

The best performers of the session on the were Daimler AG NA O.N. (DE:), which rose 5.87% or 2.740 points to trade at 49.430 at the close. Meanwhile, MTU Aero Engines NA O.N. (DE:) added 4.24% or 6.25 points to end at 153.75 and Heidelbergcement AG O.N. (DE:) was up 3.46% or 1.850 points to 55.300 in late trade.

The worst performers of the session were Vonovia SE (DE:), which fell 0.78% or 0.46 points to trade at 58.34 at the close. Deutsche Wohnen AG (DE:) declined 0.36% or 0.160 points to end at 44.530 and Deutsche Telekom AG Na (DE:) was down 0.07% or 0.010 points to 14.030.

The top performers on the MDAX were Thyssenkrupp AG O.N. (DE:) which rose 11.00% to 4.620, HelloFresh SE (DE:) which was up 6.86% to settle at 54.55 and Airbus Group SE (DE:) which gained 4.16% to close at 64.28.

The worst performers were Fraport AG (DE:) which was down 3.67% to 31.790 in late trade, Aroundtown Property Holdings PLC (DE:) which lost 3.21% to settle at 4.379 and Alstria Office Reit-Ag (DE:) which was down 2.93% to 11.250 at the close.

The top performers on the TecDAX were LPKF Laser & Electronics (DE:) which rose 3.22% to 19.860, Carl Zeiss Meditec AG (DE:) which was up 2.70% to settle at 121.900 and CompuGroup Medical AG O.N. (DE:) which gained 2.34% to close at 78.650.

The worst performers were S&T AG (DE:) which was down 1.91% to 18.53 in late trade, New Work SE (DE:) which lost 1.02% to settle at 243.50 and Siltronic AG (DE:) which was down 0.91% to 84.620 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 480 to 188 and 75 ended unchanged.

Shares in HelloFresh SE (DE:) rose to all time highs; rising 6.86% or 3.50 to 54.55.

The , which measures the implied volatility of DAX options, was down 5.42% to 27.21.

Gold Futures for December delivery was down 0.12% or 2.35 to $1906.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.22% or 0.09 to hit $40.87 a barrel, while the December Brent oil contract fell 0.44% or 0.19 to trade at $42.97 a barrel.

EUR/USD was up 0.13% to 1.1722, while EUR/GBP rose 0.10% to 0.9071.

The US Dollar Index Futures was down 0.21% at 93.668.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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Charles Schwab to cut about 1,000 jobs By Reuters

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© Reuters. A Charles Schwab office is shown in Los Angeles

(Reuters) – Charles Schwab Corp (N:) said on Monday it is laying off about 1,000 positions in the combined workforce of Charles Schwab and TD Ameritrade (NASDAQ:) to streamline and reshape their branch network.

“These reductions are part of our efforts to reduce overlapping or redundant roles across the two firms,” Charles Schwab, which completed the acquisition of TD Ameritrade earlier in October, said.

The financial services company also said it won’t be executing any additional company-wide reductions for the rest of 2020.

In November last year, Charles Schwab had agreed to buy TD Ameritrade Holding in an all-stock deal valued at $26 billion.

“Employees whose roles are impacted by today’s changes will have early access to all newly opened positions and be treated as internal candidates for the more than 1,000 currently open positions at Schwab through their 60-day notice period”, the company said on Monday.

Earlier this month, Charles Schwab reported third quarter adjusted earnings per share of 51 cents, topping analysts’ estimates of 46 cents a share, according to Refinitiv IBES data.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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Goldman Sachs attempted to cover up sexual misconduct, lawsuit claims By Reuters

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© Reuters. FILE PHOTO: A sign is displayed in the reception of Goldman Sachs in Sydney

NEW YORK (Reuters) – Goldman Sachs Group Inc (N:) attempted to cover up allegations of workplace sexual misconduct by the bank’s global head of litigation, a lawsuit filed on Monday in New York State Supreme Court claimed.

The lawsuit was filed by Marla Crawford, a former associate general counsel at the bank, against Goldman Sachs, the bank’s General Counsel Karen Seymour and its Global Head of Litigation, Darrell Cafasso.

The lawsuit claimed Cafasso used his position of power to “romantically prey upon a much younger and vulnerable female colleague.”

Crawford, who was a confidant of the alleged victim, attempted to speak up about the alleged misconduct, the lawsuit said, and was subsequently fired after 10 years of “exemplary performance.”

Seymour and Goldman hired law firm Weil, Gotshal & Manges LLP to conduct an investigation with the intention to quickly “sweep it under the rug,” the lawsuit claimed. Cafasso returned to work after two weeks, while the alleged victim – who is unnamed in the lawsuit – left the bank, it said.

Seymour declined to comment. Cafasso was not available for comment.

Goldman Sachs rejected the claims in the lawsuit.

“We conducted a review of the allegations in this complaint and found that they were completely without merit,” a spokeswoman said.

“The General Counsel took all appropriate actions, including ensuring there were thorough investigations by our HR function, after the incidents that form the basis of the plaintiff’s complaint,” she added.  

As part of a broader legal division restructuring, Crawford was offered her same job in a different location, an opportunity she declined, the Goldman Sachs spokeswoman said.

In a statement issued by her lawyer, Crawford said: “As a lawyer and professional, I always try to stand up for what is right. Unfortunately for Goldman’s top lawyers, that made me a liability. I will hold Goldman and its senior lawyers accountable for the blatant retaliation perpetrated against me.”

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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Tiffany gets EU antitrust approval for LVMH deal By Reuters

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© Reuters. Tiffany & Co. logo outside a store in Paris

(Reuters) – Tiffany & Co has received regulatory approvals from the European Commission for its $16 billion acquisition by French luxury goods group LVMH, the U.S. jeweler said on Monday.

The EU decision comes amid a legal battle between LVMH and Tiffany, with the latter suing the Louis Vuitton owner in a Delaware court, alleging that the French company has deliberately been stalling the completion of the deal.

Tiffany added that with the EU nod, it had all regulatory approvals required for the completion of the deal.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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