Comment: European Markets in the Red as Ukrainian Tensions Boil Over; Earnings Season in Full Swing
April 25, 2014 7:36 am
The FTSE 100, the DAX and STOXX Europe 600 all fell this morning after ominous reports of violence in Eastern Ukraine. US Secretary of State John Kerry stopped short of announcing increased economic sanctions, but warned Russia that failure to de-escalate tensions would be an ‘expensive mistake.’
In the UK this morning, William Hill announced its intention to close over 100 high street shops. The betting firm was hit heavily by the announcement in last months’ budget of a tax increase on fixed-odds betting terminals.
As the earnings season continues, Amazon, Microsoft and Starbucks share prices all rose after their earnings announcements. Amazon narrowly beat its expected earnings, its profit margins affected by significant expansion, particularly in China. Starbucks met its earnings expectations, while Microsoft’s Q3 profits fell, but by less than predicted. Companies reporting their earnings later today include Ford, Moody’s and Colgate-Palmolive.
The FTSE 100, the DAX and STOXX Europe 600 all fell this morning after ominous reports of violence in Eastern Ukraine. US Secretary of State John Kerry stopped short of announcing increased economic sanctions, but warned Russia that failure to de-escalate tensions would be an ‘expensive mistake.’
In the UK this morning, William Hill announced its intention to close over 100 high street shops. The betting firm was hit heavily by the announcement in last months’ budget of a tax increase on fixed-odds betting terminals.
As the earnings season continues, Amazon, Microsoft and Starbucks share prices all rose after their earnings announcements. Amazon narrowly beat its expected earnings, its profit margins affected by significant expansion, particularly in China. Starbucks met its earnings expectations, while Microsoft’s Q3 profits fell, but by less than predicted. Companies reporting their earnings later today include Ford, Moody’s and Colgate-Palmolive.
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