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


SummaryMost relevantAll NewsOther languagesNews of the index componentsMarketScreener Strategies

European shares end week higher as Pfizer pill lifts travel stocks

11/05/2021 | 12:08pm EST
A stock market operator Euronext's universal analyst works in the market services surveillance room center at the new Euronext headquarters at La Defense business and financial district in Courbevoie near Paris

(Reuters) -European equities wrapped up another week of gains on Friday, led by advances in travel stocks after a positive update from U.S. drugmaker Pfizer on its pill for COVID-19 and amid persistent optimism about earnings season.

The pan-European STOXX 600 ended flat, but clocked 1.7% in weekly gains, its fifth consecutive week in the green.

European travel stocks jumped 1.4% as investors across the globe cheered Pfizer Inc's trial of an experimental antiviral pill for COVID-19, which was shown to cut risk of developing severe disease by 89%.

The news lifted shares of Swiss duty free retailer Dufry by 10.1%, to its best day since November 9, 2020, while also pushing down shares of AstraZeneca.

"Today's news out of the U.S. that Pfizer has developed a COVID-19 pill, which is 89% effective in preventing hospitalisation, may well be weighing on the AstraZeneca share price a touch, but it has pretty much turbo-charged the airlines and hospitality sector," said Michael Hewson, chief market analyst at CMC Markets.

Dovish moves by the U.S. Federal Reserve and the Bank of England, and similar comments from the European Central Bank chief have helped sentiment this week.

Data from the U.S. Labor Department showed employment increased more than expected in October as the headwinds from a surge in COVID-19 infections over the summer subsided, also supporting the day's upbeat mood.

On Friday, France's benchmark CAC 40 index breached the 7,000 points barrier for the first time ever, and was up 0.8%.

The blue-chip index was led by gains in Kering, Hermes and L'Oreal.

Germany's DAX reversed early declines to scale fresh peaks, as investors shrugged off disappointing industrial output data in Europe's biggest economy.

Gains in the STOXX 600 were led by Allegro, which surged 10.6% after the Polish e-commerce group agreed to buy Czech online retailer Mall Group for 881 million euros.

Spain's CaixaBank also rose 1.6% after saying it had sold its entire 9.92% stake in Austrian bank Erste Group for 1.503 billion euros. Erste added 5%.

A rebound in London-listed banks, which dropped after the Bank of England's move on Thursday to hold rates, saw London's FTSE 100 gain 0.3%.

(Reporting by Anisha Sircar, Susan Mathew and Shreyashi Sanyal in Bengaluru; Editing by Shounak Dasgupta, William Maclean)

By Shreyashi Sanyal

ę Reuters 2021
All news about EURO STOXX 50
01/14EURO STOXX 50 Index Ends the Week 0.78% Lower at 4272.19 -- Data Talk
01/14European Bourses Track Lower in Global Equities Slump
01/13EURO STOXX 50 Index Ends Flat at 4315.90 -- Data Talk
01/13Merck KGaA Names Chief Strategy Officer
01/13European Bourses Steady at Midday on Pandemic Outlook
01/12EURO STOXX 50 Index Ends 0.81% Higher at 4316.39 -- Data Talk
01/12European Bourses Track Higher in Global Rally on Fed Outlook
01/11EURO STOXX 50 Index Ends 0.99% Higher at 4281.54 -- Data Talk
01/11EUROPE : European stocks recover as tech snaps seven-day rout
01/11European Bourses Track Higher Midday Led by Resource Issues
More news
News of the index components EURO STOXX 50
01/15DAIMLER : Overall podium and three class wins for Mercedes-AMG in Dubai 24-hour race
01/1524H DUBAI : new BMW M4 GT3 passes endurance test at first official race appearance.
01/14SANOFI : Déclaration des transactions sur actions propres
01/14U.S. FAA reviews FedEx proposal to install A321 laser-based missile-defense system
01/14Sixth Street Partners in final talks to buy stake in Eni's power unit - sources
01/14Volkswagen open to giving away majority in battery division-board member
01/14Sixth Street Partners Reportedly in Final Talks to Buy Stake in Eni's Power Unit
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
BAYER AG 52.59 Delayed Quote.3.00%
PHILIPS NV 30.075 Real-time Quote.2.87%
SANOFI 90.62 Real-time Quote.1.91%
ANHEUSER-BUSCH INBEV SA/NV 58.98 Real-time Quote.1.87%
VOLKSWAGEN AG 193.1 Delayed Quote.1.60%
SCHNEIDER ELECTRIC SE 162.98 Real-time Quote.-2.79%
KERING 665.5 Real-time Quote.-2.97%
ASML HOLDING N.V. 642.2 Real-time Quote.-3.11%
SIEMENS AG 145.86 Delayed Quote.-3.72%
ADYEN N.V. 1772 Real-time Quote.-7.42%
Heatmap :