Global markets update: S&P 500, Nasdaq edge lower on mixed set of earnings reports
Pfizer edged 1.2% lower after its quarterly revenue fell short of analysts’ expectations. European stocks declined on Tuesday, on shrinking factory activity in the euro zone. The pan-European benchmark STOXX 600 fell 0.9%.
Among the sectoral declines, carmakers, financial services firms and miners fell between 1.3% and 1.6%. Britain’s FTSE 100 fell 0.4% at 7,666.27. Germany’s DAX down 1.3% at 16,240.40.
France’s CAC 40 shed 1.2% at 7,406.08. HSBC Holdings rose 1.3% as it raised its key profitability target. Italian payments giant Nexi tumbled 6.9% after it confirmed its 2023 guidance.
In Asia, stock markets closed mixed on Tuesday. Hong Kong’s Hang Seng index fell 0.3% at 20,011.12. Shanghai Composite ended flat at 3,290.95.
Japan’s Nikkei 225 added 0.9% at 33,476.58. Australia’s S&P/ASX 200 index closed 0.5% higher at 7,450.7 points. New Zealand's benchmark S&P/NZX 50 index fell 0.6% at 11,980 points.Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!
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