Europe ic, with the rise in long term yields starting to tighten financial and credit conditions across Europe and the US. Today’s bumper US payrolls report has prompted a choppy session pulling European markets off their highs of the day, as we look to close out a third week of declines on a positive note. The DAX has struggled this week, slipping to a 6-month low a couple of days ago, while the FTSE250 fell to an 11-month low.
Microsoftsaid it expects to complete the Activision deal next week subject to final approval from the UK regulator the Competition and Markets Authority. Levi Straussshares have slipped back after the leisurewear maker once again cut its full revenue growth forecast. Having cut the top end to 2.5% in Q2, we’ve seen that come down further to between 0% and 1% over continued concern about weakness in the final quarter of the year. Q3 revenues came in slightly below forecasts at $1.
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