Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Indexes  >  Switzerland  >  Euro Stoxx 50       EU0009658145

EURO STOXX 50

SummaryQuotesChartsNewsHeatmapComponents 
SummaryMost relevantAll NewsNews of the index componentsMarketScreener Strategies

European shares end four-day winning streak as vaccine rally cools

11/25/2020 | 12:30pm EST
The German share price index DAX graph at the stock exchange in Frankfurt

(Reuters) - European shares ended lower on Wednesday as traders booked profits following sharp gains earlier this month, with surging coronavirus cases also capping demand for risky assets.

The pan-European STOXX 600 index dropped 0.1%, with energy and automobile stocks leading declines.

Energy stocks dropped 1.2% after gaining nearly 10% in the past three trading sessions on the back of gains in crude prices, which benefited from vaccine hopes and favourable political scenarios in the United States.

But markets retreated from recent gains as coronavirus cases in the bloc grew, and economic ructions from recent lockdowns continued to be felt. Still, European equities were set for their best month on record.

"The market has pulled a bit of risk off the table having two contrasting effects at play, one with bets of improved corporate earnings in contrast to expectations of central banks pulling back stimulus measures as economic situations begin to start getting better," said Andrea Cicione, head of strategy at TS Lombard.

A Reuters poll expects the STOXX 600 to climb to 430 points by the end of 2021, just a whisker below February's record highs, as economic activity eventually returns to normal following the coronavirus-induced downturn.

British mid-caps lost 1.1% and were the worst performers among European indices after the EU's chief executive said the European Commission cannot guarantee there will be a trade pact with Britain after its departure from the EU, and the coming days will be crucial.

UK's finance minister Rishi Sunak announced borrowings amounting to around 400 billion pounds this year to pay for the massive coronavirus hit to its economy, with the worlds sixth-biggest economy set to shrink by 11.3% in 2020: its worst performance in more than 300 years.

Germany and the United Kingdom unveiled plans to allow gatherings with limitations for Christmas, while France will start easing its lockdown this weekend after a sharp drop in new infections and hospitalizations.

French President Emmanuel Macron said on Tuesday a vaccine could start being administered as soon as the end of the year if approved by regulators.

German stocks ended flat while France's CAC 40 gained 0.2%.

In company news, Virgin Money UK dropped 4.8% after the lender reported a slump in annual profit as it took an impairment charge against an expected surge in bad loans.

German media group Bertelsmann gained 0.6% after it agreed to purchase publisher Simon & Schuster for $2.175 billion in cash from ViacomCBS, strengthening its presence in the United States.

($1 = 0.7483 pounds)

(Reporting by Shriya Ramakrishnan in Bengaluru; Editing by Subhranshu Sahu, Shounak Dasgupta and Jonathan Oatis)

By Shriya Ramakrishnan and Shashank Nayar


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
CAC 40 -1.22% 5611.69 Real-time Quote.2.34%
EURO STOXX 50 -1.15% 3599.55 Delayed Quote.2.50%
STOXX EUROPE 600 -1.01% 407.85 Delayed Quote.3.25%
VIRGIN MONEY UK PLC -1.83% 133.85 Delayed Quote.-0.48%
All news about EURO STOXX 50
12:47pEUROPE : European stocks end four weeks of gains on lockdown, vaccine worries
RE
01/14EUROPE : European stocks extend gains for third day, political woes hit Italy
RE
01/13Bonds dip, Nikkei charges higher as stimulus hopes stoke gains
RE
01/13AIR LIQUIDE : Voting Rights
DJ
01/13EUROPE : European stocks inch higher as Carrefour, Telefonica surge on deal talk..
RE
01/12EUROPE : European stocks flat despite rise in cyclicals
RE
01/08EUROPE : European shares clock best week in nearly two months
RE
01/08STREET COLOR : Morning Levels
MT
01/08European Bourses Higher Midday on Biden Presidency Outlook, Germany's DAX Eye..
MT
01/08Asian stocks soar to record highs on global recovery hopes
RE
More news
News of the index components EURO STOXX 50
01:58pTOTAL : Oil giant Total withdraws from US energy lobbying group
AQ
12:30pVINCI : Issue of new VINCI shares, reserved for group employees in France in the..
GL
12:27pSANOFI : Deutsche Bank Initiates Coverage on Sanofi With Sell Rating
MT
12:24pRALLY DAKAR 2021 – SIXTH OVERA : Record winner Stéphane Peterhansel triump..
PU
11:48aBMW : aims to double fully-electric vehicle sales in 2021
RE
10:52aMY FRENCH FILM FESTIVAL : the first digital film festival dedicated to French-la..
PU
10:27aSAP SE : DZ Bank maintains a Buy rating
MD
More news
Chart EURO STOXX 50
Duration : Period :
Euro Stoxx 50 Technical Analysis Chart | EU0009658145 | MarketScreener
Technical analysis trends EURO STOXX 50
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Top / Flop EURO STOXX 50
AHOLD DELHAIZE N.V. 24.86 Real-time Quote.1.51%
DANONE S.A 53.62 Real-time Quote.1.32%
KONE OYJ 65.6 Delayed Quote.1.05%
KONINKLIJKE PHILIPS N.V. 45.01 Real-time Quote.0.73%
UNILEVER N.V. 49.355 End-of-day quote.0.69%
ASML HOLDING N.V. 435.85 Real-time Quote.-2.57%
DAIMLER AG 56.26 Delayed Quote.-2.68%
ADIDAS AG 281.8 Delayed Quote.-2.76%
LVMH MOËT HENNESSY - LOUIS VUITTON SE 493.95 Real-time Quote.-2.77%
BANCO SANTANDER, S.A. 2.7205 Delayed Quote.-2.87%
Heatmap :