European stocks retreated from six-week highs on Thursday, with miners leading the declines on renewed concerns about China’s property sector, while mixed quarterly updates from companies dampened risk appetite. The Europe-wide STOXX 600 index fell 0.2 percent due to a dour mood in global markets following the collapse of a $2.6 billion asset sale at…
Miners, Weak Earnings Drag European Stocks Lower
October 21, 2021
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European Stocks Steady as Nestle Shines in Mixed Bag of Earnings
October 20, 2021
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European shares were flat on Wednesday as strong results from Nestle boosted food company stocks and made up for disappointing earnings from a clutch of firms, including French luxury group Kering and Dutch semiconductor company ASML. The pan-European STOXX 600 index inched up 0.1 percent, reversing slight opening losses after Asian peers tracked a strong…
Peugeot CEO Says Nearly 20 Percent of European Sales Through August Electrified
LONDON—The head of Stellantis NV’s Peugeot brand said on Tuesday that during the first eight months of 2021 nearly 20 percent of the vehicles it sold in Europe were electrified. Speaking at the Reuters Events Automotive Summit, Peugeot CEO Linda Jackson said that almost one fifth of sales in Europe were either fully electric or…
European Earnings Seen Up 47.6 Percent in Third Quarter
MILAN—Europe Inc. earnings are expected to have risen 47.6 percent to 96.1 billion euros ($112 billion) in the third quarter, data from Refinitiv I/B/E/S showed on Tuesday, as the region’s economic recovery continues following the severe pandemic downturn. The estimate, based on firms listed on the STOXX 600 benchmark, is a slight improvement from last…
European Stocks Inch Up as Tech, Mining Shares Offset Losses in Ericsson
October 19, 2021
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Europe’s main stock index edged higher on Tuesday as gains in mining and technology shares helped offset losses in Sweden’s Ericsson, which reported a hit from global supply chain problems. The pan-European STOXX 600 rose 0.2 percent, with miners, utilities, and technology stocks leading morning gains. Technology shares were also behind a rise in main…
European Stocks Fall as Luxury Stocks Feel Pain From China’s Woes
October 18, 2021
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European shares fell on Monday after weaker-than-expected growth data from China hit luxury stocks, while a relentless surge in commodity prices fuelled worries about inflation spiralling out of control. The pan-European STOXX 600 index fell 0.5 percent after an upbeat start to the quarterly earnings season drove its strongest weekly performance since March on Friday….
European New Car Sales Down in September: ACEA
BERLIN—European car registrations slumped more than 25 percent in September due to a lack of supply of vehicles due to the ongoing semiconductor shortage, industry data showed on Friday. New passenger car registrations fell 25.2 percent in the European Union, Britain, and the countries of the European Free Trade Association (EFTA) compared to last year,…
European Stocks Head for Best Week in Seven Months
October 15, 2021
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European stocks were headed for their best weekly performance in seven months on Friday, as a bright start to the earnings season helped ease investor concerns about higher inflation. The pan-European STOXX 600 index rose 0.3 percent, on course to end the week with a more than 2 percent gain after a sharp rebound in…
Earnings Optimism Drives European Stocks to Two-Week Highs
October 14, 2021
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European stocks hit a more than two-week high on Thursday as investors hoped that a steady economic recovery from the pandemic-induced slump will support corporate earnings despite signs of elevated inflation. The pan-European STOXX 600 index rose 0.8 percent, with miners up 2.1 percent and technology stocks gaining for a second day. European semiconductor companies,…
European Stocks Reverse Losses on Strong SAP, LVMH Results
October 13, 2021
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European stocks recouped early losses on Wednesday as upbeat earnings forecast from German software group SAP and robust quarterly sales for French luxury goods maker LVMH helped soothe worries about inflation. By 0824 GMT, the pan-European STOXX 600 index was up 0.2 percent after falling as much as 0.4 percent in opening trade. The German…
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