Breaking News

Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here

Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

European shares tumble on oil crash, dour earnings

Stock Markets Apr 21, 2020 08:40

Saved. See Saved Items.

This article has already been saved in your Saved Items

European shares tumble on oil crash, dour earnings

© Reuters. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt

(Reuters) - European stocks fell on Tuesday as the double whammy from a crash in U.S. crude to minus $40 per barrel and dismal first-quarter earnings reports spooked investors about the lasting damage to the global economy from the coronavirus pandemic.

BP Plc (L:BP), Royal Dutch Shell Plc (L:RDSa) and Total SA (PA:TOTF) fell between 3% and 4.0%, knocking 1.1% off the pan-European STOXX 600 (STOXX) index at 0702 GMT. Miners (SXPP) also tracked a decline in commodity prices. [MET/L]

All major European country indexes slipped a day after U.S. crude (CLc1) plummeted to below zero for the first time in history with a wipeout in storage capacity causing traders to flee contracts that would deliver oil barrels to them in May. [O/R]

The benchmark STOXX 600 had recovered about 25% from a March trough on a return in risk appetite with unprecedented global stimulus, but remained about 22% away from record highs as companies scrapped dividends and withdrew financial forecasts to deal with the fallout of the pandemic.

Primark owner Associated British Foods (L:ABF) fell 2% after saying it would not pay an interim dividend and could not provide a full-year earnings forecast for the fashion retailer.

Related Articles

Alibaba, Nio, XPeng Slide Over 3%: Why Hong Kong Stocks Are Jittery After US Jobs Report

Alibaba, Nio, XPeng Slide Over 3%: Why Hong Kong Stocks Are Jittery After US Jobs Report By Benzinga - Aug 08, 2022

Hong Kong’s benchmark Hang Seng Index opened lower on Monday, down 0.78% at press time, as a better-than-expected July jobs report in the U.S. intensified fears of aggressive...

Bitcoin Crowd Called For 'Moon', 'Lambo' During Price Drops — Analysis Firm Says Why It Was 'True Irony'

Bitcoin Crowd Called For 'Moon', 'Lambo' During Price Drops — Analysis Firm Says Why It Was 'True Irony' By Benzinga - Aug 08, 2022

Major coins were buoyant Sunday evening as the global cryptocurrency market cap rose 0.9% to $1.1 trillion at press time. Price Performance Of Major...

BHP Group Shot Down in $5.8 Bln bid for Copper Miner Oz Minerals

BHP Group Shot Down in $5.8 Bln bid for Copper Miner Oz Minerals By Investing.com - Aug 08, 2022

By Ambar Warrick Investing.com-- Australian copper miner OZ Minerals Ltd (ASX:OZL) rejected an 8.4 billion Australian dollar ($5.8 billion) takeover offer from BHP Group...

Add a Comment

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:

Enrich the conversation
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically.
Use standard writing style. Include punctuation and upper and lower cases.
NOTE: Spam and/or promotional messages and links within a comment will be removed
Avoid profanity, slander or personal attacks directed at an author or another user.
Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

I have read and understood Investing.com UK's comment guidelines and agree to the terms described.

Write your thoughts here

Are you sure you want to delete this chart?

Post also to:

Replace the attached chart with a new chart ?

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

Please wait a minute before you try to comment again.

Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.

Comments (5)

Axel Kenneth Apr 21, 2020 12:16

Follow this post

Unfollow this post

Saved. See Saved Items.

This comment has already been saved in your Saved Items

Would you buy now that oil companies are cheaper?

0 1

uPleasure uPleasure Apr 21, 2020 11:13

Follow this post

Unfollow this post

Saved. See Saved Items.

This comment has already been saved in your Saved Items

Technology growing..

2 0

uPleasure uPleasure Apr 21, 2020 11:11

Follow this post

Unfollow this post

Saved. See Saved Items.

This comment has already been saved in your Saved Items

Come one wake up, are u guys still going to support the oil?? the future is less using oil for the transportation.

2 0

Akinyemi Seun Apr 21, 2020 10:54

Follow this post

Unfollow this post

Saved. See Saved Items.

This comment has already been saved in your Saved Items

lol

0 0

Jhon Moalla Apr 21, 2020 10:43

Follow this post

Unfollow this post

Saved. See Saved Items.

This comment has already been saved in your Saved Items

where is it going ?will the fallout continue?

0 0

hesam kh Apr 21, 2020 10:43

Follow this post

Unfollow this post

Saved. See Saved Items.

This comment has already been saved in your Saved Items

of course it won't last for everit's just one of the economical side effects of Covid-19 and maybe happens for the next month or sobut in the long run the price is gonna be equal to minimum of average costs of production as long as oil consumptions is needed the price of it won't get under thatunless we find some other cheaper sources of energy to replace oil all the way

0 0

hesam kh Apr 21, 2020 10:43

Follow this post

Unfollow this post

Saved. See Saved Items.

This comment has already been saved in your Saved Items

of course it won't last for everit's just one of the economical side effects of Covid-19 and maybe happens for the next month or sobut in the long run the price is gonna be equal to minimum of average costs of production as long as oil consumptions is needed the price of it won't get under thatunless we find some other cheaper sources of energy to replace oil all the way

0 0

Mohamed Infiham Apr 21, 2020 10:43

Follow this post

Unfollow this post

Saved. See Saved Items.

This comment has already been saved in your Saved Items

Most likely as we are not seeing any improvements on the outbreak

0 0

<div id="comment">
				<div class="comment js-comment" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="208591995">
    <div class="mainComment js-content">
       <div class="commentInnerWrapper">
        <a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody">
                					<span class="commentUsername">
                    	<a href="{userLink}" class="js-user-link js-user-name">{username}</a>
					</span>
                                <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
                <div class="commentDropDown js-commentDropDownWrapper " data-user-id="208591995" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

<div class="js-option addRow follow">
            <div class="js-follow-post-button">
                <span class="alertfollowIcon middle"></span>Follow this post            </div>
            <div class="js-unfollow-post-button displayNoneImp">
                <span class="alertUnfollowIcon middle"></span>Unfollow this post            </div>
        </div>

<div class="addRow js-option save">
		<a href="javascript:void(0);" class="js-save-item-btn" data-item-type="comments" data-item-id="{commentID}">
			<i class="saveItemBigIcon middle"></i>
			Save		</a>
	</div>
	<div class="addRow saveItemsConfirmation noHover displayNone js-saveItemResult">
		
<div class="content js-saveItemSuccess displayNone">
	<span class="mediumGreenSuccessIcon"></span><span>Saved. See <a href="/members-admin/saved-items" target="_blank">Saved Items</a>.</span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
<div class="content js-saveItemAlreadySaved saveItemAlreadySaved displayNoneImp">
	<span>This comment has already been saved in your <a href="/members-admin/saved-items" target="_blank">Saved Items</a></span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
	</div>

<div class="addRow js-option blockUser js-block-option" data-comment-id="{commentID}"  data-user-id="208591995">
			<a href="javascript:void(0);">
				<span class="blockIcon middle"></span>Block User			</a>
		</div>
				<div class="addRow shareButtons js-sharePopup displayNone">
			<div class="js-shareComment"><span class="js-shareCommentSpan"></span></div>
		</div>
	</div>
</div>
                 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div>             </div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="commentBigChart js-comment-chart" onclick="openViewChartPopup('{commentID}')">
					<img src="https://d51-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="208591995">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

<div class="reportComment js-flag float_lang_base_2">
                            <a href="javascript:void(0);" id="commentFlag_{commentID}">
                                <span class="reportCommentIcon middle"></span><span class="inlineblock middle">Report</span>
                            </a>
                        </div>
                    				</div>
					</div>
	   </div>
	</div>
	</div>			</div>
			<div id="reply">
				
    <div class="commentReply js-comment js-comment-reply" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="211975946">
		<div class="commentInnerWrapper"><a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody js-content">
            				<span class="commentUsername">
					<a href="{userLink}" class="commentUsername js-user-link js-user-name" onMouseOver="">{username}</a>
				</span>
                        <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
			 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div> 			<div class="commentDropDown js-commentDropDownWrapper " data-user-id="211975946" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

<div class="js-option addRow follow">
            <div class="js-follow-post-button">
                <span class="alertfollowIcon middle"></span>Follow this post            </div>
            <div class="js-unfollow-post-button displayNoneImp">
                <span class="alertUnfollowIcon middle"></span>Unfollow this post            </div>
        </div>

<div class="addRow js-option save">
		<a href="javascript:void(0);" class="js-save-item-btn" data-item-type="comments" data-item-id="{commentID}">
			<i class="saveItemBigIcon middle"></i>
			Save		</a>
	</div>
	<div class="addRow saveItemsConfirmation noHover displayNone js-saveItemResult">
		
<div class="content js-saveItemSuccess displayNone">
	<span class="mediumGreenSuccessIcon"></span><span>Saved. See <a href="/members-admin/saved-items" target="_blank">Saved Items</a>.</span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
<div class="content js-saveItemAlreadySaved saveItemAlreadySaved displayNoneImp">
	<span>This comment has already been saved in your <a href="/members-admin/saved-items" target="_blank">Saved Items</a></span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
	</div>

<div class="addRow js-option blockUser js-block-option" data-comment-id="{commentID}"  data-user-id="211975946">
			<a href="javascript:void(0);">
				<span class="blockIcon middle"></span>Block User			</a>
		</div>
				<div class="addRow shareButtons js-sharePopup displayNone">
			<div class="js-shareComment"><span class="js-shareCommentSpan"></span></div>
		</div>
	</div>
</div>

</div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="replyBigChart displayNone js-comment-chart">
					<img src="https://d51-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
				<span id="commentSmallChart{commentID}" class="commentSmallChart pointer js-comment-chart" onclick="openViewChartPopup('{commentID}')">
                    <img src="https://d51-invdn-com.investing.com/comments_images/{commentImageSmall}" width="116" height="52" alt="{commentAlt}">
                    <span class="chartMagnifyOverlay displayNone"></span>
                    <span class="searchGlassIcon chartMagnify displayNone"></span>
                </span>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="211975946">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

<div class="reportComment js-flag float_lang_base_2">
                            <a href="javascript:void(0);" id="commentFlag_{commentID}">
                                <span class="reportCommentIcon middle"></span><span class="inlineblock middle">Report</span>
                            </a>
                        </div>
                    				</div>
					</div>
		</div>
    </div>
			</div>
			<div id="show-more-comments">
				<a class="showMoreComments block">
					<span class="arial_12 showArrowafter">Show more comments (<span class="js-amount"></span>)</span>
				</a>
			</div>
			<div id="show-more-replies">
				<a class="showMoreReplies block">
					<span class="arial_12 showArrowafter">Show more replies (<span class="js-amount"></span>)</span>
				</a>
			</div>

Are you sure you want to delete this chart?

Replace the attached chart with a new chart ?

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

Please wait a minute before you try to comment again.

I feel that this comment is:

Spam

Offensive

Thank You!

Your report has been sent to our moderators for review

More Categories

1D1W1M6M1Y5YMax

	FTSE 100	7,439.74	-8.32	-0.11%
	DAX	13,573.93	-88.75	-0.65%
	Euro Stoxx 50	3,725.39	-29.21	-0.78%
	US 30	32,779.1	-24.4	-0.07%
	US 500	4,139.5	-5.7	-0.14%
	Nikkei 225	28,248.50	+72.63	+0.26%
	GBP Index	73.78	-0.03	-0.04%

	Brent Oil	95.46	+0.54	+0.57%
	Crude Oil WTI	89.40	+0.39	+0.44%
	Gold	1,788.85	-2.35	-0.13%
	Silver	19.852	+0.010	+0.05%
	Copper	3.5470	-0.0048	-0.14%
	London Cocoa	1,726.00	+2.00	+0.12%
	London Wheat	267.00	-1.00	-0.37%

	GBP/USD	1.2075	+0.0004	+0.03%
	EUR/USD	1.0182	+0.0001	+0.01%
	USD/JPY	135.23	+0.26	+0.19%
	EUR/GBP	0.8433	+0.0001	+0.01%
	USD/CAD	1.2932	+0.0002	+0.02%
	GBP/JPY	163.29	+0.37	+0.22%
	AUD/USD	0.6927	+0.0018	+0.26%

	Lloyds Banking	44.91	-0.19	-0.42%
	Vodafone Group PLC	121.44	+2.80	+2.36%
	Barclays	164.00	+1.52	+0.94%
	BT Group	159.55	+3.35	+2.15%
	HSBC	541.90	+1.10	+0.20%
	BHP Group Ltd	2,246.50	+41.00	+1.86%
	Exxon Mobil	88.45	+1.26	+1.45%

Most Popular Articles

Ukraine and Russia: What you need to know right now By Reuters - Aug 08, 2022 51

Ukraine power plant shelled again, Zelenskiy rails at Russian 'nuclear... By Reuters - Aug 07, 2022 2

Chinese and Taiwanese warships shadow each other as drills due to end By Reuters - Aug 08, 2022

Top 5 Things to Watch in Markets in the Week Ahead By Investing.com - Aug 07, 2022 3

Oil Sinks as Weak Chinese Imports Fuel Demand Concerns By Investing.com - Aug 08, 2022

Chart Of The day: USD/JPY Heading To 130? By Fawad Razaqzada - Aug 05, 2022 2

Week Ahead Economic Preview: Week Of 08 August 2022 By Chris Williamson - Aug 05, 2022 3

Markets May Have Miscalculated The U.S. Federal Reserve By Michael Kramer - Aug 05, 2022 1

Week Ahead: Will This Be The Week That Stocks Fall? By Pinchas Cohen/Investing.com - Aug 07, 2022 2

Chart Of The Day: Why AMD May Be About To Crash By Pinchas Cohen/Investing.com - Aug 04, 2022 8