Log in
E-mail
Password
Show 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
  1. Homepage
  2. Indexes
  3. Switzerland
  4. Switzerland
  5. Euro Stoxx 50
  6. News
  7. Summary
       EU0009658145

EURO STOXX 50

SummaryQuotesChartsNewsHeatmapComponents 
SummaryMost relevantAll NewsOther languagesNews of the index componentsMarketScreener Strategies

European shares lower on China falls, Reckitt marks worst day in 18 years

07/27/2021 | 12:15pm EDT
FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt

(Reuters) - European stocks lost ground on Tuesday after falls in Chinese shares and Reckitt Benckiser's warning on margins ahead of earnings updates from big fashion retailers later in the day.

The pan-European STOXX index fell 0.5% in its second straight session of losses.

Worries about tighter regulation of China's heavyweight technology sector fuelled a selloff in global markets this week despite optimism about the ongoing U.S. and European earnings season.

Dutch company Prosus, which has a stake in Chinese technology giant Tencent, slumped 7.2% to the lowest since May 2020, after Chinese stocks sank to multi-month lows.

Lysol-maker Reckitt tumbled 8.4% and logged its worst day since February 2003 as it joined other top consumer goods companies with a warning its margins will be squeezed this year by higher costs.

"For years, the market has assumed that big consumer goods companies had such strong brands that it was easy to pass on any extra costs to the customer in the form of higher prices," said Danni Hewson, financial analyst at AJ Bell. "Unilever recently showed that wasn't quite the case, and now Reckitt has also poured cold water on that theory."

Most European sector indexes fell, with technology stocks leading declines as Logitech tumbled 9.9% after the Swiss maker of computer equipment maintained its full-year targets, despite reporting better-than-expected quarterly results.

Investors are awaiting earnings from U.S. technology companies later in the day, as well as the Federal Reserve's decision on interest rates and economic outlook at the end of its two-day policy meeting on Wednesday.

In Europe, 104 companies in the STOXX 600 have reported earnings so far. Of these, 64.4% exceeded analyst estimates, as per Refinitiv IBES data. In a typical quarter, 51% beat estimates.

LVMH edged lower even as the world's biggest luxury goods group posted higher revenue and profits, driven by surging sales of fashion lines and handbags by Dior, Fendi and Louis Vuitton.

Peers Kering and Moncler, expected to report results after markets close on Tuesday, slipped amid the broader market selloff.

European luxury stocks sparkle as economies reopen

French software company Dassault Systemes rose 1.3% after it raised its 2021 forecasts following strong momentum across its businesses.

(Reporting by Sruthi Shankar and Shreyashi Sanyal in Bengaluru; Editing by Sriraj Kalluvila and Barbara Lewis)

By Sruthi Shankar and Shreyashi Sanyal


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
DASSAULT SYSTÈMES SE -0.77% 50.01 Real-time Quote.50.50%
EURO STOXX 50 -0.94% 4130.84 Delayed Quote.16.28%
KERING 2.36% 637.2 Real-time Quote.7.20%
LOGITECH INTERNATIONAL S.A. -1.72% 87.8 Delayed Quote.2.19%
LVMH MOËT HENNESSY LOUIS VUITTON SE 0.48% 631 Real-time Quote.23.51%
MONCLER S.P.A. 2.55% 53.02 Delayed Quote.5.74%
PROSUS N.V. -1.36% 68.92 Real-time Quote.-22.00%
RECKITT BENCKISER GROUP PLC -0.64% 5855 Delayed Quote.-10.39%
TENCENT HOLDINGS LIMITED 2.39% 461.8 End-of-day quote.-18.12%
All news about EURO STOXX 50
09/17EURO STOXX 50 Index Ends the Week 0.95% Lower at 4130.84 -- Data Talk
DJ
09/17TRACKINSIGHT : Investors are all smiles with EUROSTOXX 50 ETF 2021 performance
TI
09/17STOXX EUROPE 600 : European Bourses Edging Lower Midday After Higher Inflation R..
MT
09/17PRESS RELEASE : Vonovia SE: Vonovia sells Berlin housing stock from the Future a..
DJ
09/16EURO STOXX 50 Index Ends 0.58% Higher at 4169.87 -- Data Talk
DJ
09/16EUROPE : European stocks rise as travel shares jump on Ryanair forecast
RE
09/16European Bourses Rally Midday on ECB Outlooks, Energy Shares
MT
09/15EURO STOXX 50 Index Ends 1.09% Lower at 4145.94 -- Data Talk
DJ
09/15STOXX EUROPE 600 : European Bourses Slip Midday on Slowing Global Growth Outlook
MT
09/14EURO STOXX 50 Index Ends 0.05% Higher at 4191.67 -- Data Talk
DJ
More news
News of the index components EURO STOXX 50
01:08aAIRBUS : Agrees To Revamp AirAsia's Aircraft Order
MT
12:37aSANOFI : Regeneron's Libtayo Combo Extends Lung Cancer Patients' Lives In Phase ..
MT
09/20ENI S.P.A. : Ex-dividend day for interim dividend
FA
09/19BMW : Difficult WorldSBK Sunday for BMW Motorrad Motorsport in Barcelona.
PU
09/19SANOFI : ESMO late-breaking data show Libtayo« (cemiplimab) and chemotherapy fir..
AQ
09/19FIM EWC : BMW Motorrad World Endurance Team forced to prematurely give up the fi..
PU
09/18WORLDSBK SATURDAY AT BARCELONA : pole position for Tom Sykes, Michael van der Ma..
PU
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
TrendsNeutralBullishBullish
Top / Flop EURO STOXX 50
KERING 637.2 Real-time Quote.2.36%
AMADEUS IT GROUP, S.A. 52.78 Delayed Quote.2.21%
FLUTTER ENTERTAINMENT PLC 179.25 Real-time Quote.1.82%
INDITEX 31.71 Delayed Quote.1.47%
ANHEUSER-BUSCH INBEV 48.995 Real-time Quote.1.22%
SCHNEIDER ELECTRIC SE 152.98 Real-time Quote.-2.71%
AIR LIQUIDE 143.8 Real-time Quote.-2.71%
CRH PLC 42.59 Real-time Quote.-2.90%
BASF SE 63.09 Delayed Quote.-3.07%
DEUTSCHE POST AG 58.95 Delayed Quote.-3.15%
Heatmap :