Log in
E-mail
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

MarketScreener Homepage  >  Indexes  >  Switzerland  >  Euro Stoxx 50       EU0009658145

EURO STOXX 50

SummaryQuotesChartsNewsHeatmapComponents 
SummaryMost relevantAll NewsOther languagesNews of the index componentsMarketScreener Strategies

Eurostoxx 50 : European shares trim losses after ECB president's speech

02/22/2021 | 12:32pm EST
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.
EURO STOXX 50 0.46% 3705.99 Delayed Quote.3.84%
STOXX EUROPE 600 0.46% 413.21 Delayed Quote.3.08%
All news about EURO STOXX 50
02/24EUROPE : European stocks set for record highs in 2021 - Reuters poll
RE
02/24EUROPE : European shares end higher on upbeat German data
RE
02/24European Bourses Mostly Higher Midday, Frankfurt Gaining, Tech Sector Stabili..
MT
02/24Asia markets slide as higher bond yields test tech sector
RE
02/23EUROPE : European shares end lower on tech losses as bond yields weigh
RE
02/23European Bourses Tracking Lower Midday, Tech Retreat Continues
MT
02/23TOTAL : the Coalition for the Energy of the Future -2-
DJ
02/22Eurostoxx 50 : European shares trim losses after ECB president's speech
RE
02/19PRESS RELEASE : Allianz SE: Allianz delivers a -2-
DJ
02/19EUROPE : European shares end higher on strong earnings, positive data
RE
More news
News of the index components EURO STOXX 50
02/24NOKIA OYJ : and Tigo enable Industry 4.0 with 5G standalone trial in Colombia
PU
02/24DEUTSCHE BÖRSE : UK will resist 'dubious' EU pressure on banks, says BoE's Baile..
RE
02/24ING GROEP N.V. : RBC gives a Buy rating
MD
02/24VINCI : Receives a Buy rating from RBC
MD
02/24ESSILORLUXOTTICA : EssilorLuxottica Board of Directors proposes nominees to the ..
GL
02/24SCHNEIDER ELECTRIC : launches a capital increase reserved for employees
PU
02/24BAYER : Divest-Environmental-Science-Professional-Business-Further-Strengthen-Le..
AQ
More news
Chart EURO STOXX 50
Duration : Period :
Euro Stoxx 50 Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends EURO STOXX 50
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Top / Flop EURO STOXX 50
AIRBUS SE 102.72 Real-time Quote.3.81%
BAYER AG 55.11 Delayed Quote.3.32%
CRH PLC 37.11 Real-time Quote.2.06%
SAFRAN 121 Real-time Quote.1.98%
TOTAL SE 38.975 Real-time Quote.1.74%
LVMH MOËT HENNESSY - LOUIS VUITTON SE 532.8 Real-time Quote.-1.22%
L'ORÉAL 307.2 Real-time Quote.-1.44%
LINDE PLC 254.61 Delayed Quote.-1.56%
INDUSTRIA DE DISEÑO TEXTIL, S.A. 26.99 Delayed Quote.-1.68%
PROSUS N.V. 99.44 Real-time Quote.-1.79%
Heatmap :