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


Delayed Quote. Delayed Switzerland - 06/24 11:50:00 am
4122.43 PTS   +1.14%
After hours
4123.85 PTS
07:38aSTOXX EUROPE 600  : European Bourses Track Higher Midday, Led by Bank and Technology Shares
06:41aDOW JONES FXCM DOLLAR INDEX  : European Fixed Income Update
06/23EURO STOXX 50 Index Ends 1.14% Lower at 4075.94 -- Data Talk
SummaryMost relevantAll NewsOther languagesNews of the index componentsMarketScreener Strategies

European stocks slide as surge in virus cases hits rebound hopes

07/03/2020 | 01:02pm EDT
The German share price index DAX graph is pictured at the stock exchange in Frankfurt

By Sruthi Shankar

European stocks fell on Friday after gaining ground during the week as a surge in U.S. coronavirus cases made investors less optimistic about prospects for a rebound in the global economy.

After opening largely flat, the pan-European STOXX 600 index lost ground as the session wore on, with personal & household goods makers, miners, automakers and banks <.SX7P> leading declines.

The benchmark index closed down 0.8%, with trading volumes thin because of a U.S. market holiday. The index logged a 2% weekly gain.

Hopes of a COVID-19 vaccine and signs of the global economy recovering from the health crisis supported markets this week, but investors have become less optimistic about further gains as the United States set a new daily global record for COVID-19 cases on Thursday.

"The fear of another big(ger) drop in equity prices continues to haunt financial markets. The opportunity to engage in European assets also seems a bit limited," Thomas Flury, head of FX Strategies at UBS Global Wealth Management wrote to clients.

"For this, clearer signs of a recovery in international trade should be visible. The data on this is constructive, but not surprising to the upside."

A private survey showed that China's services sector expanded at the fastest pace in over a decade in June as the easing of lockdown measures revived consumer demand, though companies continued to shed jobs.

A final reading of euro zone business activity showed a coronavirus-inflicted plunge eased sharply last month as more businesses reopened and people ventured out.

But there are doubts about the pace of the recovery with some countries in Europe reimposing restrictions due to a surge in COVID-19 cases.

In France, President Emmanuel Macron named Jean Castex, a top civil servant and local mayor who orchestrated the country's coronavirus lockdown exit strategy, as his new prime minister as he acted to win back voters. France's CAC 40 ended down 0.8%, in-line with the broader markets.

Among individual movers, Germany's Delivery Hero rose 4.7% after the takeaway food company said its order growth nearly doubled in the second quarter.

France's utility firm EDF jumped 5.6% after it revised upwards its 2020 nuclear output target.

UK retailer Next fell 4.6% after Goldman Sachs downgraded the stock to "sell", while Primark-owner AB Foods slipped 0.9% after the U.S. bank downgraded its stock to "neutral".

(Reporting by Sruthi Shankar in Bengaluru; Editing by Devika Syamnath, Sriraj Kalluvila and Jane Merriman)

© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ASSOCIATED BRITISH FOODS PLC -0.09% 2242 Delayed Quote.-0.88%
CAC 40 1.22% 6631.15 Real-time Quote.18.01%
DELIVERY HERO SE 2.59% 108.75 Delayed Quote.-16.54%
ELECTRICITÉ DE FRANCE 2.05% 11.68 Real-time Quote.-11.24%
EURO STOXX 50 1.14% 4122.43 Delayed Quote.14.73%
NEXT PLC 1.36% 7890 Delayed Quote.9.85%
STOXX EUROPE 600 0.87% 457.04 Delayed Quote.13.55%
STOXX EUROPE 600 NR 0.90% 1022.2 Delayed Quote.15.18%
THE GOLDMAN SACHS GROUP, INC. 1.38% 366.06 Delayed Quote.35.58%
UBS GROUP AG 0.74% 14.32 Delayed Quote.13.99%
All news about EURO STOXX 50
07:38aSTOXX EUROPE 600  : European Bourses Track Higher Midday, Led by Bank and Techno..
06:41aDOW JONES FXCM DOLLAR INDEX  : European Fixed Income Update
06/23EURO STOXX 50 Index Ends 1.14% Lower at 4075.94 -- Data Talk
06/23PRESS RELEASE : Vonovia SE: Vonovia launches public takeover offer for Deutsche ..
06/22EURO STOXX 50 Index Ends 0.26% Higher at 4123.13 -- Data Talk
06/22EUROPE : European shares propped up by commodities, Powell speech in focus
06/22STOXX EUROPE 600  : European Bourses Mixed Midday as Oil and Property Issues Str..
06/22Stocks recover from 4-week lows as focus switches back to post-pandemic growt..
06/21EURO STOXX 50 Index Ends 0.71% Higher at 4112.33 -- Data Talk
06/21EUROPE : European stocks end higher as Lagarde talks up economic growth
More news
News of the index components EURO STOXX 50
12:27pBNP PARIBAS  : At the Movin'On Summit, BNP Paribas co-constructs tomorrow's mobi..
12:16pAIRBUS  : USTR nominee White calls for 'robust monitoring' of U.S.-EU truce on a..
12:09pDAIMLER  : Highly exclusive 13th special edition boat from Mercedes-AMG and Ciga..
11:29aLVMH MOËT HENNESSY LOUIS VUITTON  : · June 24, 2021 By teaming up with weturn, i..
11:19aENGIE KITE TOUR 2021 : off to a good start in Lorient-Gâvres
11:13aVINCI  : Gatwick Airport joins Travel Day of Action to call on Government to saf..
10:41aSCHNEIDER ELECTRIC  : Announced Updates to its EcoStruxure IT Data Center Infras..
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
ADYEN N.V. 2021 Real-time Quote.5.67%
FLUTTER ENTERTAINMENT PLC 166.75 Real-time Quote.2.65%
L'ORÉAL 390.15 Real-time Quote.2.28%
TOTALENERGIES SE 40.255 Real-time Quote.2.22%
PERNOD RICARD 187.4 Real-time Quote.2.13%
PROSUS N.V. 81.78 Real-time Quote.-0.56%
SIEMENS AG 135.46 Real-time Estimate Quote.-1.02%
Heatmap :