European markets opened slightly higher on Friday, as investors reacted to quarter-point interest rate cuts from the U.S. Federal Reserve and Bank of England.
European markets were mixed on Friday, as investors monitored corporate results and reacted to quarter-point interest rate cuts from the U.S. Federal Reserve and Bank of England.The pan-European Stoxx 600 traded little changed from the previous session at around 8:20 a.m. London time, with sectors and major bourses pointing in opposite directions.Germany's DAX index closed the previous session up 1.
Operating profit from continuing operations, meanwhile, came in at 2.2 billion euros for the six-month period, reflecting a 17% fall at actual exchange rates. "We saw solid sales growth across most of our regions offsetting continued weakness in Chinese demand, which, as I had predicted, will take longer to recover and is particularly affecting our Specialist Watchmakers," he added.is on track to hit the $100,000 price milestone by the end of the year after President-elect Donald Trump's election victory, according to analysts.
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