European stock market close 21 November 2016
FTSE -0.1%
Cac +0.5%
Dax +0.1%
Ibex -0.5%
FTSE Mib +0.2%
European bonds
Italy 2.07% -2bp
Spain 1.61% +2bp
Portugal 3.71% -14bp
Germany 0.282% +1bp
Greece 6.92% -13bp
FTSE -0.1%
Cac +0.5%
Dax +0.1%
Ibex -0.5%
FTSE Mib +0.2%
European bonds
Italy 2.07% -2bp
Spain 1.61% +2bp
Portugal 3.71% -14bp
Germany 0.282% +1bp
Greece 6.92% -13bp
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CVLT dips 4.2% on hold rating; SNOW +3.4% on GPT 5.5. NVDA +3.6% on AI sentiment.
Biogen's Q1 revenue seen down 8.3% YoY. Last quarter beat, but peers up 11% while BIIB dips 3.9%.
HHH revenue down 36.5% despite beat, stock drops 20.9%. REAX revenue up 44.1% but stock down 26.2%.
FirstEnergy's Q1 earnings up 7.5% on infrastructure spend. Predictable returns via formula rates.
OXY's revenue fell 20.7%, missing estimates, yet its stock is up 21.5%. Peers saw mixed results, with E&P stocks up 11.7% avg.
Qatar offers 40% business support amid regional risks. IMF forecasts -8.6% GDP contraction.
General Mills stock drops 27.5% on shrinking volumes & EPS decline. Valuation is fair, but risks outweigh.
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