Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Indexes
  3. Switzerland
  4. Switzerland
  5. Euro Stoxx 50
  6. News
  7. Summary


Delayed Quote. Delayed Switzerland - 10/27 11:50:00 am
4220.88 PTS   -0.07%
After hours
4227.53 PTS
12:31pEURO STOXX 50 Index Ends 0.07% Lower at 4220.88 -- Data Talk
07:46aEuropean Bourses Tracking Lower Midday; Banks, Oil Issues Slipping
10/26EURO STOXX 50 Index Ends 0.85% Higher at 4223.97 -- Data Talk
SummaryMost relevantAll NewsOther languagesNews of the index components

European shares fall 2% to one-week lows on tech tumble, China woes

09/28/2021 | 12:10pm EDT
German share price index DAX graph is pictured at the stock exchange in Frankfurt

(Reuters) -European stocks sank to their lowest in a week on Tuesday as a surge in government bond yields knocked high-growth technology shares, with fresh signs of a slowdown in China's economy weighing on investor sentiment.

The pan-European STOXX 600 index was down 2.2%, its biggest one-day decline in over two months as a jump in U.S. Treasury yields signalled that investors were bracing for higher rates and the risk of persistent inflation. [US/]

Technology stocks fell 4.8% to hit their lowest in two months after their Wall Street peers continued to sell off. They are particularly sensitive to rising interest rate expectations as their value rests heavily on future earnings, which are discounted more deeply when rates go up. [.N]

Meanwhile, data showed profit growth at China's industrial firms slowed for a sixth month in August, with an unfolding power crisis becoming a growing threat to output and profits.

"The pandemic situation remains unresolved. The Chinese economy is slowing and authorities have yet to stimulate forcefully. The Fed is preparing to normalise policy. And the debt ceiling showdown is ongoing," analysts at BCA Research wrote in a note.

"Heightened uncertainty combined with elevated speculation suggests that the near-term path will be bumpy."

The weak sentiment across markets overshadowed a survey that showed the mood among German consumers brightened unexpectedly heading into October.

Germany's DAX fell 2.1%, France's CAC 40 was down 2.2% and Britain's FTSE 100 shed 0.5%.

While the benchmark STOXX 600 is on course to extend its quarterly winning run, a volatile September took some shine off its third-quarter gains as investors priced in risks of easing global growth momentum and tighter monetary policies.

European Central Bank chief Christine Lagarde said on Monday inflation in the euro zone could exceed its already raised projections, while Federal Reserve Chair Jerome Powell said the central bank would move against unchecked inflation if needed.

"We now think that euro zone headline inflation will soon hit 4% and that it will average 2% in 2022. But headline and core inflation still look set to fall over the course of next year, with both settling at uncomfortably low levels for the ECB," said Jack Allen-Reynolds, senior Europe economist at Capital Economics.

However, a rally in Brent crude futures above $80 per barrel continued to support energy stocks, with the oil and gas index rising 0.3% to fresh highs since February 2020. [O/R]

Swiss computer peripherals maker Logitech slid 7.3% as Morgan Stanley downgraded the stock to "underweight".

Dutch semiconductor supplier ASM International fell 3.8% despite raising its third-quarter order intake guidance.

(Reporting by Sruthi Shankar and Shreyashi Sanyal in Bengaluru; Editing by Subhranshu Sahu and Arun Koyyur and Alison Williams)

By Sruthi Shankar and Shreyashi Sanyal

ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ASM INTERNATIONAL N.V. 6.17% 375 Real-time Quote.96.28%
EURO STOXX 50 -0.07% 4220.88 Delayed Quote.18.90%
LONDON BRENT OIL -1.81% 84.43 Delayed Quote.66.23%
MORGAN STANLEY -1.28% 102.13 Delayed Quote.50.99%
S&P GSCI BRENT CRUDE INDEX -0.90% 713.0222 Delayed Quote.65.35%
STOXX EUROPE 600 NR -0.36% 1065.61 Delayed Quote.21.58%
WTI -1.91% 82.594 Delayed Quote.73.92%
All news about EURO STOXX 50
12:31pEURO STOXX 50 Index Ends 0.07% Lower at 4220.88 -- Data Talk
07:46aEuropean Bourses Tracking Lower Midday; Banks, Oil Issues Slipping
10/26EURO STOXX 50 Index Ends 0.85% Higher at 4223.97 -- Data Talk
10/26EUROPE : Upbeat earnings push European stocks close to record highs
10/26European Bourses Strike Higher Midday on Earnings Season Outlook
10/26PRESS RELEASE : Vonovia SE: Takeover bid successful: Vonovia secures around 87.6% of the v..
10/25EUROPE : European stocks end flat as industrial losses offset commodity gains
10/25EURO STOXX 50 Index Ends Flat at 4188.31 -- Data Talk
10/25STOXX EUROPE 600 : European Bourses Track Modestly Higher Midday; Banks, Energy Issues Str..
10/22EURO STOXX 50 Index Ends the Week 0.14% Higher at 4188.81 -- Data Talk
More news
Duration : Period :
Euro Stoxx 50 Technical Analysis Chart | EU0009658145 | MarketScreener
Technical analysis trends EURO STOXX 50
Short TermMid-TermLong Term
Top / Flop EURO STOXX 50
NOKIA OYJ 5.055 Real-time Estimate Quote.2.46%
SCHNEIDER ELECTRIC SE 146.28 Real-time Quote.2.41%
ASML HOLDING N.V. 694.8 Real-time Quote.2.19%
ENEL S.P.A. 7.253 Real-time Estimate Quote.1.51%
IBERDROLA, S.A. 10.033 Real-time Estimate Quote.1.49%
PROSUS N.V. 76 Real-time Quote.-1.49%
ESSILORLUXOTTICA 169.92 Real-time Quote.-1.58%
ADYEN N.V. 2667 Real-time Quote.-2.00%
BANCO SANTANDER, S.A. 3.279 Real-time Estimate Quote.-2.31%
FLUTTER ENTERTAINMENT PLC 169.05 Real-time Quote.-2.37%
Heatmap :