European stocks pull back off record highs on profit-taking

Economies.com
2020-01-20 12:30PM UTC

European stocks fell on Monday, to head for the first daily loss in five days, on profit-taking from all-time highs hit in the previous session.

 

Stoxx Europe 600 fell 0.1% as of 11:55 GMT, after it closed higher by 1% on Friday, to post its fourth straight daily gain and its all-time high of 424.90 points.

 

During the past week, Stoxx Europe 600 added 1.4%, its second weekly gain in a row, following the signing of the US-China trade pact, and positive remarks about the trade talks between Brussels and Washington.

 

The index opened today's session lower, to head for the first daily loss in five days on profit-taking, as most of the major European exchanges and sectors fell today.

 

The household goods sector saw the largest losses in Europe today, with a drop by more than 0.8%, while the energy sector saw gains by 0.3% as oil prices surget due to disruption of the Libyan output.

 

S&P 500 futures fell 0.1% today, after closing higher by 0.4% on Friday at Wall Street, at the record of 3,329.88 points.

 

Back to Europe, the Euro Stoxx 50 index lost 0.1%, France's CAC 40 fell by 0.2%, and In London, the FTSE 100 index fell by 0.2%, while Germany's DAX rose by 0.1%.

European Market News

Americas News

Markets

Dow Jones rises ahead of US inflation data
2024-03-27 15:35PM UTC
Most US stock indices rose on Wednesday ahead of new important US data on growth and personal ...
Americas News

Markets

Wall Street gains ground following positive data
2024-03-26 15:41PM UTC
US stock indices rose on Tuesday after a series of losses as markets assess latest ...
Americas News

Markets

Wall Street loses ground as the week opens up
2024-03-25 16:16PM UTC
Most US stock indices declined on Monday as markets assess the Federal Reserve’s stance on ...