Most of the bourses in Europe settled the day lower on Monday’s closing bell as global investors fresh earnings release from corporate companies. Stocks were also weighed down by sluggish trading volumes.
News that German auto company Daimler allegedly utilized a software to cheat in diesel-emission tests in the United States has highly influenced the average European auto sector to slump as low as 1.29 percent. Shares of Daimler were 2 percent lower.
British consumer goods company Reckitt Benckiser was at the bottom of the benchmark, even though it reported higher sales for last year’s fourth half and suggested a bright future this 2018. Its shares dropped more than 7.5 percent on the day. Stoxx was 1.1 up last Friday.
The European stocks benchmark Stoxx 600 edged down by 0.66 percent as all of its energy sectors finishing on the red. A weak trading volume in Mumbai, United States, mainland markets has undermined equities.
French multinational automobile manufacturer Renault didn’t follow the trend as it released a report last Friday that its operating profit notched an all-time high last year on the same day. This has encouraged the position of CEO Carlos Ghosn on the back of domestic pressure to plan a much clear succession outline. Renault finished the day 2 percent up on shares.
A Dutch company that handles chemicals and gas-related products Vopak were also at the peak of the European benchmark on the day after its released figures surpassed the expectations of the market. The company said that their result for the whole year was somehow boosted by an unexpectedly stronger performance in last year’s fourth quarter. Shares of Vopak jumped as high as 13.7 percent.