World shares steadied and the dollar resumed its rise after a wobble caused by Trump’s decision to cancel a summit, though political risk put Italian markets on track for heavy weekly losses.
European shares edged up, supported by strength among mining stocks and some solid earning updates, although a drop in Italian banks on fresh political worries weighed.
European shares opened broadly flat as investors prepared for Trump’s decision on Iran nuclear deal, a move which could disrupt global oil supply.
World stocks made little progress as worries, while dollar consolidated recent bumper gains after the Fed Reserve reaffirmed the outlook for more rate hikes.
European shares fell in morning trading, weighed down by a rebound in the euro from four-month lows against the dollar in a day dominated by earnings updates.
Well-received results from Spanish banks and a recovery among tech stocks buoyed European shares, setting them up for their fifth week of gains in a row.
World shares on their longest losing streak, as a rise in US yields and warnings from top global firms about rising costs fed fears a boom in earnings may have peaked.
Rotork Plc reported a 10.2 percent rise in first-quarter revenue on higher demand from oil and gas producers, sending its shares to an all-time high.
European shares softened at the end of a strong week as a rally in commodity prices fizzled out, sparking profit-taking among mining stocks.
Shares in French insurer AXA fell sharply, as analysts said its planned $15 billion acquisition of commercial insurance and reinsurer XL looked pricey.
Bags EPC packages of Purvanchal Expressway in Uttar pradesh of Rs 1738 Cr
Approved buyback of 29 Lk shares amounting Rs 200.2 Cr
Tamil Nadu Pollution Control Board ordered disconnection of electricity
Disconnection is applicable for copper smelter unit-I at Thoothukudi district
Order requires closure of unit with immediate effect
Thoothukudi copper smelter unit has not been operating since Mar 27
Launched Silver Options, Total Traded Contract Value at Rs 34.36 Cr
Option Positions are physically settled & are European Style Options
Enters into merger talks with NSE For Universal Exchange Framework: Business Standard Reports
R Damani sells 0.8% Stake at Rs 1360.2/Sh
Deal Value at Rs 643 Cr