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LONDON (Reuters) - European stocks fell on Tuesday, with banks weighing heavily on worries about slowing economic growth, fading earnings momentum, Italy’s budget, and a lower likelihood of rate hikes in Europe next year. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November 19, 2018. REUTERS/Staff The pan-European STOXX 600 index fell 1.1 percent to its lowest level in more than three weeks, with Germany's DAX .GDAXI down 1.2 percent and Britain's FTSE 100 .FTSE down 0.8 percent. Though European stocks have substantially lagged the United States this year and valuations have fallen, investors said it was too early for the region to be an attractive value play. “It would have to be table-thumpingly cheap to make valuations themselves offset people’s scepticism about Europe’s ability to grow,” said Kevin Gardiner, global investment strategist at Rothschild & Co Wealth … [Read more...] about Sliding banks, tumbling tech drag Europe stocks to three-week low

LONDON (Reuters) - European stocks fell on Tuesday, with banks weighing heavily on worries about slowing economic growth, fading earnings momentum, Italy’s budget, and a lower likelihood of rate hikes in Europe next year. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November 19, 2018. REUTERS/Staff The pan-European STOXX 600 fell 0.7 percent by 0945 GMT, to a three-week low, with Germany's DAX .GDAXI down 1.2 percent and Britain's FTSE 100 .FTSE down 0.5 percent. Though European stocks have substantially lagged the U.S. this year and valuations have fallen, investors said it was too early for the region to be an attractive value play. “It would have to be table-thumpingly cheap to make valuations themselves offset people’s scepticism about Europe’s ability to grow,” said Kevin Gardiner, global investment strategist at Rothschild & Co Wealth Management. Europe’s bank … [Read more...] about Sliding banks, tumbling tech drag European stocks to three-week low

LONDON (Reuters) - European shares were lower on Monday led by a sell-off in technology stocks after earnings and M&A news from German heavyweights Infineon and SAP, and tobacco was hit by new signs of U.S. regulators tightening the screws on menthol cigarettes. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November 9, 2018. REUTERS/Staff The pan-European STOXX 600 was down 0.25 percent at 0936 GMT, reversing earlier gains. London’s FTSE 100 .FTE was the only major bourse in positive territory, lifted by a weaker sterling. The swift slide into the red, ending a tentative recovery from Friday’s losses, highlights the fragility of market sentiment amid lingering worries about Italy’s budget crisis, a Brexit deal and expectations for a U.S. interest rate hike. News that embattled Banca Carige (CRGI.MI) has around 400 million euros to plug a hole in its capital base also underscored … [Read more...] about Tech, tobacco push European stocks into red, ending fragile rebound

SHFAYIM, Israel (Reuters) - Technology that has helped Israel’s military drive tanks, guide and intercept missiles, and keep its computer systems secure is being redeployed in the development of driverless cars. FILE PHOTO: The logo Israeli driverless technology firm Mobileye is seen on the building of their offices in Jerusalem March 13, 2017. REUTERS/Ronen Zvulun/File Photo Investment from firms seeking access to Israeli expertise in automated driving, much of it gathered by engineers during their conscription, is pouring into startups. U.S. chipmaker Intel, German auto supplier Continental, Samsung, Daimler, Ford Motor Co and GM are among those to have bought startups or set up their own development centers in Israel. Inexperience in car-making, distance from traditional auto centers and competition from other tech sectors for top staff are a challenge for investors. Israeli auto tech startups still raised almost as much as similar U.S. companies last year. … [Read more...] about Israel’s defense expertise drives tech boom for autonomous cars