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 - 10/22 11:50:00 am
4188.81 PTS   +0.80%
After hours
4194.45 PTS
12:31pEURO STOXX 50 Index Ends the Week 0.14% Higher at 4188.81 -- Data Talk
12:09pEurostoxx 50 : Evergrande relief, earnings prop up European stocks
07:41aSTOXX EUROPE 600 : European Bourses Higher Midday on China Property Outlook; Tech Sector Gains
SummaryMost relevantAll NewsOther languagesNews of the index componentsMarketScreener Strategies

Eurostoxx 50 : European shares slide as China Evergrande's troubles cast shadow

09/20/2021 | 11:57am EDT
German share price index DAX graph is pictured at the stock exchange in Frankfurt

(Reuters) -European shares tumbled on Monday as growing solvency worries about property group China Evergrande spooked investors, in a dour start to a week packed with meetings of major central banks.

The pan-European STOXX 600 index was down 1.7%, with mining stocks plunging 3.6% on a slide in commodity prices. [O/R] [MET/L]

Asian equities ended sharply lower following a torrid session for China Evergrande Group, the world's most indebted property developer. [MKTS/GLOB]

"More significant from the perspective of world markets is the concerning situation with huge Chinese property developer Evergrande, which appears to be teetering on the precipice with concerns about contagion from the situation infecting the wider economy in China. This is particularly bad news for miners," said Russ Mould, investment director at AJ Bell.

The benchmark European STOXX 600 has declined for three straight weeks on worries about slowing global growth, soaring inflation, persistently high COVID-19 cases and the spillover from tighter regulation of Chinese firms.

The U.S. Federal Reserve's policy meeting on Tuesday and Wednesday is in focus as the central bank is expected to lay the groundwork for a trimming of its massive pandemic stimulus. Overall, 16 central banks are scheduled to hold meetings this week, including in the UK, Norway, Switzerland and Japan.

"Expectations are growing the U.S. central bank will start laying out the groundwork for a tapering of bond purchases, potentially tee-ing up for a November kick-off," said Fiona Cincotta, senior financial markets analyst at City Index.

German shares fell 2.3% as data showed a bigger-than-expected jump in producer prices last month.

In its biggest ever overhaul, the blue-chip German index began trading on Monday with an increase in the number of constituents to 40 from 30.

China-exposed luxury stocks such as LVMH, Kering, Hermes and Richemont fell between 1.3% and 3.2%, extending sharp losses from last week.

Meanwhile, Europe's fear gauge jumped to a near eight-month high.

Daimler AG shed 3.1% as a report cited the chief of its truck division, the world's largest, as saying the unit had seen the supply of crucial chips tighten further in recent weeks.

Lufthansa rose 5.5% after saying it expects to raise 2.14 billion euros ($2.51 billion) to pay back part of a state bailout that Germany's top airline received during the coronavirus crisis.

All major European subindexes were lower, with banks tumbling 4.3%, while utilities, food and beverage and real estate posted the smallest declines.

(Reporting by Sagarika Jaisinghani and Shreyashi Sanyal in Bengaluru; Editing by Arun Koyyur, Sriraj Kalluvila and Giles Elgood)

By Shreyashi Sanyal

© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
EURO STOXX 50 0.80% 4188.81 Delayed Quote.16.98%
STOXX EUROPE 600 NR 0.47% 1060.73 Delayed Quote.20.04%
All news about EURO STOXX 50
12:31pEURO STOXX 50 Index Ends the Week 0.14% Higher at 4188.81 -- Data Talk
12:09pEurostoxx 50 : Evergrande relief, earnings prop up European stocks
07:41aSTOXX EUROPE 600 : European Bourses Higher Midday on China Property Outlook; Tech Sector G..
10/21EURO STOXX 50 Index Ends 0.39% Lower at 4155.73 -- Data Talk
10/21Eurostoxx 50 : European stocks recoup most losses; weak outlook hits SAP
10/21STOXX EUROPE 600 : European Bourses Track Lower Midday on Energy, Supply-Chain Outlooks
10/20EUROPE : European stocks hit 6-week highs as Nestle shines in mixed bag of earnings
10/20EURO STOXX 50 Index Ends 0.13% Higher at 4172.17 -- Data Talk
10/20STOXX EUROPE 600 : European Bourses Inch Higher Midday on Earnings, Interest Rate Outlooks
10/19EUROPE : European stocks rise as defensive buying helps offset losses on downbeat earnings
More news
News of the index components EURO STOXX 50
02:35pDAIMLER : CEO hopes to stabilize supply chain this quarter
01:33pSAP SE : Gets a Buy rating from Baader Bank
12:14pVINCI : How to store electric energy – PSPs
12:01pExxon looks to buy stake in ONGC's Indian deep sea fields
11:47aSAP SE english
11:45aVINCI : Disclosure of trading in own shares Period from 11 October to 15 October 2021
11:42aBMW : To Produce Only EV Cars At Munich Plant After Three To Four Years
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
L'ORÉAL 388.05 Real-time Quote.5.08%
ASML HOLDING N.V. 690.5 Real-time Quote.3.63%
KONE OYJ 59.21 Real-time Estimate Quote.2.69%
VOLKSWAGEN AG 196.47 Real-time Estimate Quote.2.43%
BMW AG 85.785 Real-time Estimate Quote.1.83%
ADYEN N.V. 2667 Real-time Quote.-0.89%
TOTALENERGIES SE 43.805 Real-time Quote.-0.94%
INDITEX 30.965 Real-time Estimate Quote.-1.07%
AIRBUS SE 109.78 Real-time Quote.-1.44%
AMADEUS IT GROUP, S.A. 55.46 Real-time Estimate Quote.-1.63%
Heatmap :