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European Stocks Turn Mixed

By Investors Hub

European stocks have turned mixed on the day as investors look ahead to comments by a slew of central bankers this week for directional cues.

While the UK’s FTSE 100 Index has risen by 0.2 percent, the German DAX Index is down by 0.2 percent and the French CAC 40 Index is down by 0.4 percent.

Manz has rallied after the high-tech equipment manufacturer affirmed its FY revenue outlook after narrowing its nine-month loss.

Bilfinger shares have also jumped after the engineering services firm posted its first organic rise in output volume after three years of declines.

Chipmaker Infineon Technologies has also climbed after raising its dividend and saying it expects year-on-year revenue growth of about 9 percent, plus or minus 2 percentage points.

Meanwhile, Henkel has tumbled after the company warned of difficult conditions in the consumer goods market and said “currency effects will have an increasingly negative impact”.

Technology firm Smiths Group has also shown a notable move to the downside after its first quarter underlying revenue fell 2 percent.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

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