European Council President Charles Michel said he believed the deal would be seen as a “turning point” for Europe. ” We did it! Europe is strong. Europe is united, ”he said on Tuesday at a press conference announcing the agreement. “These were, of course, difficult negotiations in very difficult times for all Europeans. “
Income at a glance
Major corporate profits were thick and swift on Tuesday morning, with UBS reporting net income of $ 1.23 billion for the second quarter of 2020, down 11% from the same period last year (1 , $ 4 billion). Analysts polled by the Swiss lender expected a net profit of $ 973 million.
Swiss pharmaceutical maker Novartis slashed its sales outlook for 2020 after reporting lower second-quarter profits and sales, with net profit down 4% to $ 1.9 billion from $ 2.1 billion. dollars over the same period in 2019.
Swedish automaker Volvo fell to an operating loss in the first half of the year, but said it expects companies to recover as countries exit lockdown measures, after experiencing a strong rebound in China since the reopening of the economy.
In terms of individual share prices, French telecommunications provider Altice Europe, Dutch recruiter Randstad and Spain’s Banco de Sabadell all gained over 6% early in the trade.
At the bottom of the European blue chip index, Evolution Gaming fell 7.8% after signing a strategic partnership with Intralot.