Stocks decline on poor corporate earnings

Irish Times | Aug 6, 2020 at 7:44 PM
  • Global equity markets slipped and bond yields fell on Thursday as investors awaited an agreement on a US aid package to mitigate the fallout from the coronavirus crisis.
  • Glencore dropped 8.1 per cent as it also booked a $3.2 billion impairment charge, driving the FTSE 100 down 1.3 per cent.
  • UniCredit was down 3.9 per cent as it vowed to stay out of a possible merger wave in Italy after reporting higher than forecast quarterly results.