Europe falls off nine-week highs on profit-taking

2019-02-06 14:03:41 GMT (Economies.com)
Europe falls off nine-week highs on profit-taking

European stocks fell on Wednesday for the first session in seven on profit-taking after marking nine-week highs yesterday, as the banking and car stocks suffered following disappointing results. 

 

Dow Jones Stoxx Europe fell 0.2%, after marking a 1.3% profit yesterday to December 3 highs on strong energy performance. 

 

The stoxx is heading for its first loss in seven on active profit-taking as most sectors head south. 

 

Banking and financials lead the way down, followed by the car sector, with Daimler's stock tumbling after reporting a 22% drop in operational profits in the last quarter of 2018. 

 

On Wall Street, S&P 500 futures are down 0.2% after closing up 0.5% yesterday, the fifth profit in a row. 

 

Back to Europe, the Euro Stoxx 50 fell 0.25%, and Germany's main stocks fell 0.5%, as the Financial Times 100 index in London shed 0.1%. 

 
 
 
  Symbol Last Change Chg.%
1.1245
-0.0065
0.5760%
1.2996
-0.0084
0.6399%
15.005
0.020
0.134%
64.010
0.218
0.343%
71.97
0.35
0.49%
1275.700
-15.150
1.174%
 
 
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Europe
 
Asia