10:58
+21 C°
Traffic jam:   4
$
71.8318
87.2110

European markets declined

1 February 2021
2016
2 min.
12
European markets declined

European markets trade

European stock indices ended Friday's trading lower amid lingering worries about coronavirus vaccines and volatility in US stocks.

The Stoxx Europe 600 composite index of the region's largest companies was down 1.87 per cent to 395.85 points by the close of trading.

The British FTSE 100 declined 1.82%, the German DAX dropped 1.71% to its lowest level since December 22 and the French CAC 40 was down 2.02%. Spanish IBEX 35 and Italian FTSE MIB lost 2.21% and 1.57% respectively, at that Spanish indicator fell to its lowest value since November 12.

Over the week, the Stoxx Europe 600 fell 3.1%, the FTSE 100 fell 4.3% to its lowest level since December 1, the DAX fell 3.2%, the IBEX 35 fell 3.5% and the FTSE MIB fell 2.3%.

Daimler AG (DE:DAIGn) shares gained 0.9 percent on Friday.

Commerzbank AG (DE:CBKG) lost 4.8%.

Ericsson AB shares gained 6.4 percent. The Swedish company, the world's largest maker of wireless networking equipment, posted a net profit in the fourth quarter that beat analysts' forecasts.

Siemens Gamesa Renewable Energy SA gained 0.5%. The wind turbine maker posted a profit in Q1 of the current fiscal and confirmed its full-year forecast.

CaixaBank SA shares gained 3.2%. The Spanish bank reported net profit growth in 4Q with the bank's board of directors proposing to pay a dividend to shareholders for 2020.

The capitalisation of German SAP SE fell by 3.2%. The world's largest enterprise management software maker reported a decline in net profit in Q4 2020.

The US Securities and Exchange Commission (SEC) is keeping an eye on the volatility of some companies stocks, the regulator said on Friday. The announcement came amid a recent jump in shares of companies such as GameStop Corp (NYSE:GME). and AMC Entertainment Holdings Inc. that professional investors have gambled on downside.

Meanwhile, European Union leaders are considering restricting exports to the UK of the coronavirus vaccine Pfizer (NYSE:PFE) ordered by it and produced in Belgium, European media reported, citing European Council chief Charles Michel.

This is due to a shortage of coronavirus vaccines as AstraZeneca (LON:AZN) cut deliveries of the drug to the EU by 67% in the first quarter of this year.

Persons1 and Companies11 in the news

Section:

Discussion

Rating companies
Tesla
68 Mention
Apple
67 Mention
Nasdaq
64 Mention
Amazon
56 Mention
Dow Jones
51 Mention
Facebook
50 Mention
Microsoft
35 Mention

NEW YORK NEWS

News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director