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
  1. Homepage
  2. Indexes
  3. Switzerland
  4. Switzerland
  5. Euro Stoxx 50
  6. News
  7. Summary
       EU0009658145

EURO STOXX 50

SummaryQuotesChartsNewsHeatmapComponents 
SummaryMost relevantAll NewsOther languagesNews of the index componentsMarketScreener Strategies

Vaccine hopes, upbeat earnings power European shares

10/16/2020 | 12:21pm EDT
A traders reacts at stock exchange in Frankfurt

(Reuters) - European shares bounced on Friday on hopes that a vaccine for the novel coronavirus could be available in the United States before the end of the year, with a clutch of upbeat quarterly earnings also lifting sentiment after a torrid week.

Pfizer Inc said it could file for U.S. authorisation of the COVID-19 vaccine it is developing with German partner BioNTech as early as November.

The news powered global stock markets and helped lift the pan-European STOXX 600 by 1.3% in its best session in nearly three weeks.

The benchmark stock index nevertheless ended Friday with its first weekly decline in three as a resurgence in coronavirus cases across Europe stoked fears about more sweeping lockdowns. London and Paris, Europe's two richest cities, are again living under the shadow of state-imposed restrictions.

"This raises the very real fear that what is a stop-gap measure actually turns out to be something slightly longer term, which could see the collapse of hundreds of businesses," said Michael Hewson, market analyst at CMC Markets UK.

The new restrictions could also stifle business activity, derail a nascent economic rebound and further pressure European stock markets, which have lagged a recovery in their U.S. peers. While the S&P 500 has gained about 8% this year, the European STOXX 600 is still down nearly 12%.

Adding to investor uncertainty, British Prime Minister Boris Johnson said on Friday it was time to prepare for a no-trade deal Brexit unless the European Union fundamentally changed course in trade talks.

London's FTSE 100 still rose 1.5% as analysts said the majority of market participants expected a deal to be reached.

In company news, Thyssenkrupp surged 10.8% as Liberty Steel, founded by commodities tycoon Sanjeev Gupta, said it had made a non-binding offer for the company's steel unit.

LVMH jumped 7.3% as recovering sales of Louis Vuitton handbags helped it contain the fallout from the coronavirus crisis in the third quarter.

Shares of other luxury goods makers including Moncler and Burberry rose more than 3%.

Telecoms and real estate <.SX86P> were the only two European sectors to end lower on the day.

German shares rose 1.6%, clawing back more than half their losses from the previous session, with Daimler surging 5.5% after the luxury carmaker posted forecast-beating third-quarter results.

A 3.3% rise for Volvo after stronger-than-expected results also helped power the European autos index to its best session since Sept. 28.

(Reporting by Sagarika Jaisinghani in Bengaluru; Editing by Arun Koyyur and Catherine Evans)

By Sagarika Jaisinghani


ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AB VOLVO (PUBL) -1.23% 220.4 Delayed Quote.13.73%
BIONTECH SE -0.83% 212.42 Delayed Quote.160.57%
BURBERRY GROUP PLC -2.37% 2180 Delayed Quote.21.82%
CHRISTIAN DIOR SE -1.15% 689.5 Real-time Quote.51.67%
CMC MARKETS PLC 1.12% 453 Delayed Quote.15.86%
DAIMLER AG -3.00% 77.08 Delayed Quote.33.38%
DJ INDUSTRIAL -1.58% 33290.08 Delayed Quote.11.20%
EURO / BRITISH POUND (EUR/GBP) 0.50% 0.85902 Delayed Quote.-4.33%
EURO STOXX 50 -1.80% 4083.37 Delayed Quote.14.94%
FTSE 100 -1.90% 7017.47 Delayed Quote.8.62%
LVMH MOËT HENNESSY - LOUIS VUITTON, SOCIÉTÉ EUROPÉENNE -0.90% 681.1 Real-time Quote.33.31%
MONCLER S.P.A. -0.85% 58.1 Delayed Quote.15.88%
MSCI UNITED KINGDOM (STRD) -2.97% 1133.898 Real-time Quote.15.08%
NASDAQ 100 -0.81% 14049.584838 Delayed Quote.9.01%
NASDAQ COMP. -0.92% 14030.375849 Delayed Quote.8.86%
PFIZER, INC. -1.70% 38.81 Delayed Quote.5.43%
S&P 500 -1.31% 4166.45 Delayed Quote.12.40%
S&P UNITED KINGDOM (PDS) -1.95% 1397.67 Delayed Quote.11.31%
STOXX EUROPE 600 -1.58% 452.05 Delayed Quote.13.29%
THYSSENKRUPP AG -3.24% 8.42 Delayed Quote.3.64%
All news about EURO STOXX 50
06/18EURO STOXX 50 Index Ends the Week 1.05% Lower at 4083.37 -- Data Talk
DJ
06/18Eurostoxx 50á: European shares deepen losses after hawkish Fed comments
RE
06/18STOXX EUROPE 600á : European Bourses Lower Midday; Bank, Oil Shares Sink
MT
06/17EURO STOXX 50 Index Ends 0.15% Higher at 4158.14 -- Data Talk
DJ
06/17Eurostoxx 50á: European shares snap 9-day winning streak on Fed jitters
RE
06/17STOXX EUROPE 600á : European Bourses Slip Midday from Record Highs On Federal Re..
MT
06/16EURO STOXX 50 Index Ends 0.20% Higher at 4151.76 -- Data Talk
DJ
06/16Europeans Bourses Tracking Higher Midday Ahead of US Federal Reserve Policy S..
MT
06/15EURO STOXX 50 Index Ends 0.26% Higher at 4143.52 -- Data Talk
DJ
06/15European Bourses Again Eye Fresh Records, Trending Higher Midday
MT
More news
News of the index components EURO STOXX 50
06/18DAIMLERá : Release according to Article 40, Section 1 of the WpHG with the objec..
PU
06/18DGAP-PVRá : Daimler AG: Release according to -2-
DJ
06/18DGAP-PVRá : Daimler AG: Release according to Article 40, Section 1 of the WpHG [..
DJ
06/18DAIMLER AG : Release according to Article 40, Section 1 of the WpHG [the German ..
EQ
06/18DEUTSCHE BÖRSE AGá : Gets a Neutral rating from RBC
MD
06/18DAIMLERá : 2021 French Grand Prix - Friday
PU
06/18VINCIá : Gatwick publishes its second 'Decade of Change' goals - a sustainabilit..
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
ADYEN N.V. 1934.4 Real-time Quote.1.67%
KONE OYJ 68.8 Delayed Quote.1.03%
DEUTSCHE BÖRSE AG 144.95 Delayed Quote.0.62%
VONOVIA SE 53.62 Delayed Quote.0.30%
ESSILORLUXOTTICA SOCIÉTÉ ANONYME 149.48 Real-time Quote.0.15%
DAIMLER AG 77.08 Delayed Quote.-3.00%
KONINKLIJKE PHILIPS N.V. 43.115 Real-time Quote.-3.13%
AXA SA 22.05 Real-time Quote.-3.65%
ASML HOLDING N.V. 563.8 Real-time Quote.-4.39%
BNP PARIBAS SA 53.74 Real-time Quote.-4.56%
Heatmap :