LIVE MARKETS-European stocks seen lower as Evergrande jitters resurface
Oct 21 – Welcome to the home for real-time coverage of
markets brought to you by Reuters reporters. You can share your
thoughts with us at [email protected] EUROPEAN STOCKS SEEN LOWER AS EVERGRANDE JITTERS RESURFACE
Futures are pointing to a weaker start of the day for
European bourses as fresh worries about China’s property sector
hit global sentiment. China Evergrande, the heavily indebted developer
at the centre of a credit crunch in China’s real estate sector,
said it abandoned a £2.6 billion sale of a stake in a subsidiary
and that it had made no progress on other sales. But a batch of fresh earnings results could lend some
support to European stocks.
Unilever and Hermes sales beat estimates,
Truck maker Volvo profit beats forecast, but company
flags chip woes linger. Barclays Q3 beats expectations
on strong investment bank performance. While Anglo American Q3 production inches 2% higher.
But not all is good news on the corporate front, for
instance, ABB flags component bottlenecks as it cuts sales
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