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Stockreport

European markets drop following week of interest rate decisions [Yahoo! Finance]

Microchip Technology Incorporated (MCHP)  More Company Research Source: Yahoo! Finance
Last microchip technology incorporated earnings: 2/4 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: microchip.com/investors
Britain's FTSE 100 opened 0.2% lower on Friday morning, mainly weighed down by JD Sports Fashion, IAG and Croda International. Germany's DAX also opened 0.1% lower on Friday morning, with Deutsche Post and BASF being some of the top losers. Similarly, France's CAC 40 index opened 0.4% lower on Friday morning as well, with the STOXX 600 also dipping 0.5%. “The Fed's mixed rhetoric has been difficult to interpret for markets - initially it was seen as positive for risk, but that seemed to come down to earth yesterday. Lower growth and higher inflation is rarely a good sign for the US economy, and the Fed was open to reacting if things started to get worse,” said Kyle Chapman, FX markets analyst at Ballinger Group. UK investors also looked forward to next week's Spring Statement, where the chancellor will give a financial update to the House of Commons. Pantheon Macroeconomics said in a note: “We think that higher gilt yields, weaker growth, and above-profile borrowing this year [Read more]
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