European markets make lackluster start to the trading week; THG up 16%
| TICKER | COMPANY | NAME | PRICE | CHANGE | %CHANGE | VOLUME |
|---|---|---|---|---|---|---|
| .FTSE | FTSE 100 | *FTSE | 7188.4 | -45.63 | -0.63 | 287424333 |
| .GDAXI | DAX | *DAX | 15447.32 | -140.04 | -0.9 | 27834212 |
| .FCHI | CAC 40 Index | CAC | 6662.11 | -65.41 | -0.97 | 33652150 |
The pan-European Stoxx 600 slid 0.6% by early afternoon, with retail stocks dropping 1.5% to lead losses as most sectors and major bourses fell into the red. Oil and gas sticjs bucked the trend to gain 0.4%
Global markets are gearing up for more earnings this week, following a stronger-than-expected start to the earnings season in the U.S. last week
U.S. stock index futures fell in premarket trading on Monday, after the major averages posted their best week in months last week, amid a positive start to earnings season
In addition to better-than-expected earnings from Goldman Sachs on Friday, positive economic data also boosted stocks. Retail sales rose 0.7% in September, the Census Bureau said Friday, while economists surveyed by Dow Jones were expecting a decline of 0.2%
A number of big names are set to report earnings in the coming week, including Netflix, Johnson & Johnson, United Airlines and Procter & Gamble on Tuesday. Tesla, Verizon and IBM are among the other names whose earnings are due to be released later this week
Meanwhile, in Asia-Pacific overnight, stocks mostly traded lower as investors reacted to the release of key Chinese economic data that showed China’s gross domestic product grew 4.9% in third quarter. That was below expectations of analysts in a Reuters poll for a 5.2% expansion
Industrial production also missed forecasts, rising 3.1% in September, against expectations in a Reuters poll for a 4.5% increase
