AIRLINK 164.99 Decreased By ▼ -10.56 (-6.02%)
BOP 10.42 Decreased By ▼ -0.59 (-5.36%)
CNERGY 7.86 Decreased By ▼ -0.43 (-5.19%)
FCCL 45.75 Decreased By ▼ -1.48 (-3.13%)
FFL 15.14 Decreased By ▼ -0.88 (-5.49%)
FLYNG 26.80 Decreased By ▼ -0.51 (-1.87%)
HUBC 135.69 Decreased By ▼ -6.63 (-4.66%)
HUMNL 12.93 Decreased By ▼ -0.37 (-2.78%)
KEL 4.18 Decreased By ▼ -0.26 (-5.86%)
KOSM 5.50 Decreased By ▼ -0.40 (-6.78%)
MLCF 59.57 Decreased By ▼ -2.23 (-3.61%)
OGDC 213.80 Decreased By ▼ -12.97 (-5.72%)
PACE 5.40 Decreased By ▼ -0.37 (-6.41%)
PAEL 41.90 Decreased By ▼ -2.90 (-6.47%)
PIAHCLA 17.10 Decreased By ▼ -0.78 (-4.36%)
PIBTL 9.92 Decreased By ▼ -0.55 (-5.25%)
POWER 11.70 Decreased By ▼ -0.32 (-2.66%)
PPL 174.50 Decreased By ▼ -11.42 (-6.14%)
PRL 34.59 Decreased By ▼ -2.57 (-6.92%)
PTC 22.85 Decreased By ▼ -1.20 (-4.99%)
SEARL 94.01 Decreased By ▼ -6.28 (-6.26%)
SILK 1.15 No Change ▼ 0.00 (0%)
SSGC 36.25 Decreased By ▼ -2.26 (-5.87%)
SYM 13.55 Decreased By ▼ -1.20 (-8.14%)
TELE 7.12 Decreased By ▼ -0.61 (-7.89%)
TPLP 10.28 Decreased By ▼ -0.75 (-6.8%)
TRG 61.20 Decreased By ▼ -4.80 (-7.27%)
WAVESAPP 10.26 Decreased By ▼ -0.71 (-6.47%)
WTL 1.29 Decreased By ▼ -0.06 (-4.44%)
YOUW 3.69 Decreased By ▼ -0.09 (-2.38%)
BR100 12,333 Decreased By -492.7 (-3.84%)
BR30 36,741 Decreased By -2119.8 (-5.45%)
KSE100 114,909 Decreased By -3882.2 (-3.27%)
KSE30 35,541 Decreased By -1237.5 (-3.36%)

European shares slid on Tuesday ahead of a crucial testimony from US Federal Reserve Chair Jerome Powell before a congressional panel, while Indivior slipped to about three-year lows after cutting its profit forecast.

The pan-European STOXX 600 index was down 0.3% by 0707 GMT, led by losses in energy shares, tracking lower oil prices.

Miners were the top gainers, rising 0.5%, as copper prices rose slightly.

All eyes will be on Powell, who is scheduled to deliver his semi-annual monetary policy testimony before Congress at 10 a.m. ET (1400 GMT).

Comments from European Central Bank board (ECB) member Piero Cipollone later in the day will also be on investors’ radar to gauge the ECB’s interest rate trajectory.

Among individual stocks, Dassault Systemes declined 3.7% as the French software company cut its full-year earnings target, saying its customers were being cautious with spending and were delaying the signing of contracts.

European shares climb as investors undeterred despite French polls outcome

BP slipped 3.3% as it expects lower realised refining margins and weak oil trading to hurt its second-quarter earnings.

Indivior Plc lost the most among index peers, dropping 27.7% to a near three-year low after it lowered its profit forecast for the year while announcing it would discontinue sales of its schizophrenia drug Perseris and cut about 130 jobs.

Comments

Comments are closed.