Markets Right Now: Poor US earnings weigh on Europe

LONDON – The Latest on financial markets (all times local):

11:35 a.m.

Disappointing earnings statements out of the U.S. from the likes of Microsoft and Alphabet, the corporate parent of Google, are weighing on European stock markets.

Germany’s DAX is down 0.2 per cent at 10,417 while the CAC-40 in France has fallen 0.1 per cent at 4,579. The FTSE 100 index of leading British shares is down 0.7 per cent at 6,339.

Despite the falls, it’s been a good week for stock markets around the world.

Chris Beauchamp, market analyst at IG, says “the dip is nothing more than a bit of extended profit-taking” at the moment.

However, he is warning that “the current optimistic atmosphere could turn sour very quickly” should more bad numbers come out of the U.S. Top of the agenda Friday are McDonald’s and General Electric.