Airline outperforms rivals proposing a special dividend for shareholders. And european car sales continue to reboind. Renault and toyota leading the way. Daimler gains ground on its luxury peers. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. Okay. A warm welcome to todays Worldwide Exchange. Were an hour into the session here in europe. You can see stocks in the red, 9 to 1 decliners outpacing advancers just about on the Dow Jones Stoxx 600. We are at the lows of the session, albeit only 60 minutes in. Speaking at the reuterss Global Investment summit, carl icahn says valuations are rich. Later on on his website, carl icahn elaborated saying while hes concerned about market levels, its almost impossible to predict whats going to happen in the shortterm. So he says at times like this, he hedges his investment to some extent and icahn says picking up shortterm moves is market is predicting how many sevens the hot dice player will continue
Of the dispute dragging on has left businesses on both sides feeling on edge in the United States tech giant apple lowered its Quarterly Outlook citing declining sales in china. The chinese economy has been suffering as a result of the spot to u. S. Tariffs have led to a drop in export revenue this amid a more general slowdown in growth beijing has struck a conciliatory tone. Twenty question from the beginning with believe the tension between the u. S. And china is not good for either country or for the World Economy china has the intention on the basis of Mutual Respect and equality to resolve the bilateral trade frictions between. The u. S. Isnt alone in criticizing chinese Economic Policy the beady Eye Federation of german industry says the Chinese Market is far from a level Playing Field the business lobby accuses beijing of using a combination of protectionism price dumping and state subsidies to both to its economy and cement the governments control divide the snottiness in which