Log in
Show password
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

Virus worries hammer European shares to their worst day this year

07/19/2021 | 12:08pm EDT
The German share price index DAX graph is pictured at the stock exchange in Frankfurt

(Reuters) - European shares sank more than 2% on Monday, their worst session in nine months on worries that the fast-spreading Delta coronavirus variant could slow the global economic recovery.

Commodity-linked stocks, banks and travel shares lost more than 3%, with the oil and travel and leisure indices hitting February lows.

Extending losses from last week, the pan-European STOXX 600 index was down 2.3%, with all sectors in the red.

The German DAX dropped 2.6%, while Italy's MIB plunged 3.3%, its steepest one-day drop since October. UK's FTSE 100 slumped 2.3% as rising coronavirus cases overshadowed optimism about England's reopening of the economy.

"Investors are extremely worried that... another lockdown could be a month or two round the corner," said Russ Mould, investment director at AJ Bell. "Covid is spreading fast again and the airlines, restaurants and leisure companies may not get the strong summer trading they've long hoped for."

In Britain, cases rose to 48,161 on Sunday, while in France, a minister said the re-imposition of curfew measures cannot be excluded if infections continue to climb.

"The big concern for the market is whether we (are) going to see a slowdown in the global economic recovery, and this could be the overriding force which results in a bad period for equities in the weeks ahead," Mould said.

UK-listed shares of cruise operator Carnival Plc, airlines easyJet and British Airways-owner IAG fell between 5.2% and 8.3%.

Bank of England interest-rate setter Jonathan Haskel said on Monday monetary stimulus would not be curbed for the foreseeable future. Eyes will be on the European Central Bank meeting this week following its recent strategy update.

With government bond yields on the decline, banks marked their worst session in 10 months, while declining base metal prices hit miners.

Oil majors such as BP, Royal Dutch Shell and Total fell between 3.8% and 4.7%, hit by falling crude prices after OPEC+ ministers agreed to increase supply from August.

French media company Vivendi hit a four-month low, down 1.5%, after billionaire investor Bill Ackman decided to buy up to 10% of Vivendi's Universal Music Group through his main hedge fund, rather than a special purpose acquisition company.

Italian telecoms group Telecom Italia dropped 4.3% after it forecast its organic core profit to fall this year.

British video game company Sumo Group soared 40.5% after Chinese tech giant Tencent Holdings agreed to buy the company in a deal valued at 919 million pounds ($1.27 billion).

UK stocks lag European peers so far in 2021

(Reporting by Sruthi Shankar in Bengaluru; Editing by Arun Koyyur, Timothy Heritage, Philippa Fletcher)

By Sruthi Shankar and Susan Mathew

© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CARNIVAL CORPORATION & PLC 2.49% 1546.8 Delayed Quote.13.15%
EASYJET PLC 3.92% 630.4 Delayed Quote.-9.79%
EURO STOXX 50 -0.94% 4130.84 Delayed Quote.17.37%
SUMO GROUP PLC 2.89% 498.5 Delayed Quote.48.81%
TELECOM ITALIA S.P.A. 1.41% 0.3607 Delayed Quote.-4.43%
TENCENT HOLDINGS LIMITED 2.39% 461.8 End-of-day quote.-18.12%
VIVENDI SE -0.44% 31.75 Real-time Quote.20.36%
All news about EURO STOXX 50
09/17EURO STOXX 50 Index Ends the Week 0.95% Lower at 4130.84 -- Data Talk
09/17TRACKINSIGHT : Investors are all smiles with EUROSTOXX 50 ETF 2021 performance
09/17STOXX EUROPE 600 : European Bourses Edging Lower Midday After Higher Inflation R..
09/17PRESS RELEASE : Vonovia SE: Vonovia sells Berlin housing stock from the Future a..
09/16EURO STOXX 50 Index Ends 0.58% Higher at 4169.87 -- Data Talk
09/16EUROPE : European stocks rise as travel shares jump on Ryanair forecast
09/16European Bourses Rally Midday on ECB Outlooks, Energy Shares
09/15EURO STOXX 50 Index Ends 1.09% Lower at 4145.94 -- Data Talk
09/15STOXX EUROPE 600 : European Bourses Slip Midday on Slowing Global Growth Outlook
09/14EURO STOXX 50 Index Ends 0.05% Higher at 4191.67 -- Data Talk
More news
News of the index components EURO STOXX 50
09/17Airbus reaches deal to restructure AirAsia jet order -sources
09/17DAIMLER : Truck boss says chip supply has tightened further
09/17LINDE : Societe Generale Adjusts Linde's Price Target to $365 from $350, Keeps B..
09/17SCHNEIDER ELECTRIC : Learn how to Maximize your OEE with Digital Transformation
09/17SCHNEIDER ELECTRIC : Looking to DCIM to Manage a Hybrid IT Environment that's Re..
09/17AHOLD DELHAIZE : Kickstart AI Challenge successfully develops early warning syst..
09/17Lynette Jackson appointed as new head of communications at Siemens; Takes ove..
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
KERING 637.2 Real-time Quote.2.36%
AMADEUS IT GROUP, S.A. 52.78 Delayed Quote.2.21%
FLUTTER ENTERTAINMENT PLC 179.25 Real-time Quote.1.82%
INDITEX 31.71 Delayed Quote.1.47%
ANHEUSER-BUSCH INBEV 48.995 Real-time Quote.1.22%
SCHNEIDER ELECTRIC SE 152.98 Real-time Quote.-2.71%
AIR LIQUIDE 143.8 Real-time Quote.-2.71%
CRH PLC 42.59 Real-time Quote.-2.90%
BASF SE 63.09 Delayed Quote.-3.07%
DEUTSCHE POST AG 58.95 Delayed Quote.-3.15%
Heatmap :