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 trim losses after ECB president's speech

02/22/2021 | 12:32pm EDT
FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt

(Reuters) - European shares trimmed early losses on Monday as comments from the region's central bank brought down treasury yields, though inflation expectations and profit-taking in technology stocks dragged the benchmark index lower.

The pan-European STOXX 600 index settled 0.4% down after dropping as much as 1%, led by declines in technology companies and retail stocks.

A recent rise in sovereign debt yields on forecasts for rising inflation has weighed on risk-driven assets because the higher yields offer safer returns.

But yields in the euro zone dropped on Monday after European Central Bank (ECB) President Christine Lagarde said the bank was closely monitoring rising borrowing costs, which could point towards future ECB intervention in debt markets.

The current upward trajectory in bond yields it might lead to added pressure on equities, said SocGen strategist Roland Kaloyan.

Regional stocks have rallied sharply off pandemic-driven lows hit last year. But unlike their peers across the Atlantic, they have yet to reach pre-pandemic levels amid concerns over a stalling economic recovery and slow vaccine rollout.

But some industries, such as the technology sector, have flourished in the face of the pandemic.

The tech sector hit a 20-year high last week and Mirabaud analyst Neil Campling attributed recent losses to profit-taking after a "period of positive price action".

Travel and leisure stocks strengthened on Monday after British Prime Minister Boris Johnson set out a phased plan to end the country's COVID-19 lockdown.

The FTSE 100 also trimmed losses through the day, with British Airways owner IAG jumping more than 7% after raising its total liquidity by 2.45 billion pounds ($3.4 billion).

Security company G4S, however, tumbled nearly 10% after Canada's GardaWorld said it would not raise its takeover, handing victory to Allied Universal in their months-long bid battle.

Italy's Atlantia rose more than 4% on expectations that the infrastructure group would receive a binding offer for its 88% stake in motorway unit Autostrade per l'Italia this week.

French car parts maker Faurecia was another faller, retreating 4.7% after it swung to a net loss in 2020.

Swiss logistics company Kuehne & Nagel, meeanwhile, rose more than 2% after saying it would buy Asian rival Apex International Corp from private equity firm MBK Partners.

($1 = 0.7104 pounds)

(Reporting by Shashank Nayar in Bengaluru; Editing by Sriraj Kalluvila and David Goodman)

By Shashank Nayar and Ambar Warrick

Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
APEX INTERNATIONAL CO., LTD. 1.97% 67.2 End-of-day quote.-2.04%
ATLANTIA SPA 1.07% 16.57 Delayed Quote.11.42%
AUSTRALIAN DOLLAR / EURO (AUD/EUR) 0.20% 0.64596 Delayed Quote.2.33%
CANADIAN DOLLAR / EURO (CAD/EUR) 0.02% 0.66331 Delayed Quote.3.70%
EURO STOXX 50 -0.32% 4019.91 Delayed Quote.13.52%
FAURECIA SE -3.83% 46.73 Real-time Quote.11.50%
FTSE 100 -0.28% 7000.08 Delayed Quote.8.65%
G4S PLC 0.00% 244.7 Delayed Quote.-3.59%
MBK PUBLIC COMPANY LIMITED 2.21% 13.9 End-of-day quote.10.32%
SOCIÉTÉ GÉNÉRALE 0.69% 22.545 Real-time Quote.32.45%
STOXX EUROPE 600 -0.07% 442.18 Delayed Quote.10.89%
STOXX EUROPE 600 NR 0.00% 981.68 Delayed Quote.11.61%
All news about EURO STOXX 50
07:46aEuropeans Bourses Modestly Higher Midday; Frankfurt Slipping
02:32aAsian stocks hit 1-mth highs, Bitcoin climbs
04/16EUROPE : European stocks notch new highs as Daimler earnings lift carmakers
04/16PRESS RELEASE : Vonovia SE: Vonovia SE Shareholders approve EUR 1.69 dividend a..
04/15DGAP-ADHOC : Daimler AG: Preliminary Q1 2021 results significantly above market..
04/15European Bourse Moving Higher Midday in Earnings Season, Strength in Commodit..
04/14European Bourses Edging Higher on Strength in Technology Issues
04/13EUROPE : European shares pause near record highs
04/13European Bourses Edging Sideways Midday on US CPI, COVID-19 Outlook
04/09EUROPE : European stocks on longest weekly winning streak since November 2019
More news
News of the index components EURO STOXX 50
04:10pBMW : Jefferies remains its Buy rating
04:10pBMW : Goldman Sachs reaffirms its Neutral rating
04:09pBMW : JP Morgan remains Neutral
04:09pBMW : RBC reaffirms its Neutral rating
03:25pSAP : Announces New Enhancements to Human Experience Management Solutions to Br..
01:52pBMW : Chinese demand, higher prices boost BMW's first-quarter earnings
12:54pBAYERISCHE MOTOREN WERKE AKTIENGESEL : Preliminary Key Financial Performance Fig..
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
BANCO SANTANDER, S.A. 2.965 Delayed Quote.3.17%
AHOLD DELHAIZE N.V. 23.055 Real-time Quote.2.06%
BAYER AG 54.96 Delayed Quote.1.78%
VINCI 92.08 Real-time Quote.1.58%
SANOFI 86.21 Real-time Quote.1.41%
FLUTTER ENTERTAINMENT PLC 176.7 Real-time Quote.-1.97%
PROSUS N.V. 94.29 Real-time Quote.-1.98%
VOLKSWAGEN AG 240.15 Delayed Quote.-2.00%
ASML HOLDING N.V. 522.2 Real-time Quote.-2.65%
VONOVIA SE 56.9 Delayed Quote.-3.03%
Heatmap :