Log in
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 flat after U.S. jobs data; pound weighs on FTSE 100

02/05/2021 | 12:13pm EDT
FILE PHOTO:  The German share price index DAX graph is pictured at the stock exchange in Frankfurt

(Reuters) - European stocks were little changed at the end of an upbeat week on Friday, with disappointing U.S. data highlighting the economic impact of the coronavirus pandemic, while in Germany industrial orders declined.

U.S. employment growth rebounded moderately in January but job losses were deeper than initially thought, bolstering the case for a large stimulus by President Joe Biden's administration.

"The prospect of more stimulus remain elevated," said Edward Moya, senior market analyst at OANDA. New York. "Any profit-taking should be limited."

The STOXX 600 posted its best weekly performance since November with a rise of 3.5% despite a lacklustre session on Friday, when gains in travel and leisure stocks, basic materials and banks were countered by losses in defensive sectors such as utilities, telecoms and healthcare.

Germany's DAX index was flat after data showed orders for German-made goods fell more than expected in December, ending a seven-month streak of positive reports as fresh restrictions to contain the COVID-19 pandemic subdued demand from other euro zone countries.

"Today's data shows that stricter lockdown measures since mid-December, as well as the Christmas break, have finally hit German industry ... but at face value, this only looks like a temporary breather," strategists at ING wrote in a note.

London's FTSE 100 slid 0.2%, extending losses to a third straight session, as a higher pound weighed on the internationally focused firms on the index.

Investors also parsed earnings reports from European companies.

Sanofi SA gained 1.5% as the French drugmaker said it aimed to grow earnings per share this year after posting stronger-than-expected quarterly results.

Shares in Vinci were the biggest boost to the STOXX 600 after Europe's biggest construction and concessions company beat full-year core profit forecasts, helped by some recovery in its contracting business. France's CAC 40 rose 0.9% to close at two-week high.

Insurer Beazley logged its best day in eight weeks as a loss in 2020 took a back seat to a forecast to return to profit and bring back its dividend during the course of this year.

Finnish oil refiner Neste fell 6.4% to the bottom of the STOXX 600, after issuing a weak first-quarter outlook and unexpectedly cut its dividend.

(Reporting by Shreyashi Sanyal in Bengaluru; Editing by Shounak Dasgupta and Kirsten Donovan)

By Shreyashi Sanyal and Susan Mathew

© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CAC 40 0.20% 6666.26 Real-time Quote.19.84%
DAX 0.11% 15727.67 Delayed Quote.14.52%
EURO STOXX 50 0.15% 4158.14 Delayed Quote.16.86%
FTSE 100 -0.44% 7153.43 Delayed Quote.11.21%
LONDON BRENT OIL -1.08% 73 Delayed Quote.43.56%
NESTE OYJ -1.35% 52.78 Delayed Quote.-9.57%
SANOFI -0.09% 88.89 Real-time Quote.13.05%
STOXX EUROPE 600 -0.12% 459.33 Delayed Quote.15.24%
STOXX EUROPE 600 NR -0.11% 1026.82 Delayed Quote.16.87%
WTI -0.75% 70.989 Delayed Quote.50.22%
All news about EURO STOXX 50
12:06pEurostoxx 50 : European shares snap 9-day winning streak on Fed jitters
07:40aSTOXX EUROPE 600  : European Bourses Slip Midday from Record Highs On Federal Re..
06/16EURO STOXX 50 Index Ends 0.20% Higher at 4151.76 -- Data Talk
06/16Europeans Bourses Tracking Higher Midday Ahead of US Federal Reserve Policy S..
06/15EURO STOXX 50 Index Ends 0.26% Higher at 4143.52 -- Data Talk
06/15European Bourses Again Eye Fresh Records, Trending Higher Midday
06/14EURO STOXX 50 Index Ends 0.14% Higher at 4132.67 -- Data Talk
06/14EUROPE : Oil stocks power European shares to record-high finish
06/14European Bourses Trending Higher Midday, Pulled by Oils and Tech
06/11EUROPE : European stocks hit record as miners boost, log best week since early M..
More news
News of the index components EURO STOXX 50
05:11pSIEMENS  : Consultancy firm ThoughtWorks' parent co confidentially files for U.S..
04:05pDANONE  : Goldman Sachs maintains a Sell rating
03:32pENEL S P A  : launches sustainability-linked share buyback program serving its L..
03:08pSCHNEIDER ELECTRIC  : Simplifying how panel builders can meet evolving customer ..
01:34pSAFRAN  : announces the early redemption of its outstanding bonds convertible in..
01:16pDANONE  : leads the 2021 Access to Nutrition Initiative's Index for responsible ..
12:54pESSILORLUXOTTICA  : Result of the payment of dividends in shares and record of t..
More news
Duration : Period :
Euro Stoxx 50 Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends EURO STOXX 50
Short TermMid-TermLong Term
Top / Flop EURO STOXX 50
DEUTSCHE BÖRSE AG 144.05 Delayed Quote.2.75%
ALLIANZ SE 222.65 Delayed Quote.1.30%
KERING 758.7 Real-time Quote.1.19%
BNP PARIBAS 56.31 Real-time Quote.1.02%
AHOLD DELHAIZE N.V. 24.83 Real-time Quote.0.94%
LINDE PLC 287.24 Delayed Quote.-0.80%
ENGIE 12.128 Real-time Quote.-0.95%
ENI S.P.A. 10.63 Delayed Quote.-1.04%
IBERDROLA, S.A. 10.82 Delayed Quote.-1.19%
ENEL S.P.A. 8.079 Delayed Quote.-1.63%
Heatmap :