Tuesday 10 November 2015

European and U.S. stocks closed lower


European and US stocks closed lower on Monday upon the speculation that the Fed will raise rates in December this year.
Britain's FTSE 100 closed down to 6288.95, while the German DAX ended with a fall of 1.6 % to 10,808.89.
Among the European companies, Aggreko plc, the leading provider of modular, mobile power and adjacent product solutions, reported a decline in sales for the third quarter, but also announced that has been commissioned to supply Guam Power Authority with a 40 MW power package in Guam for the next 12 months, which increased the price of the company's shares up by 3%.
The tires manufacturer of Continental raised its profit forecast for the end of the year after seeing sales increase for the third quarter, but the company's shares closed about 5.3 % down.
Shares of Lufthansa closed with more than 3 % down after the carrier canceled hundreds of flights Monday because of the ongoing strike of the crew.Across the Atlantic Ocean the S&P 500 finished the day with a fall of 1%, closing at a price of 2078.28, while Nasdaq dropped to 4,653.50.

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