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.%
1.1337
0.0038
0.3341%
1.3032
0.0125
0.9700%
15.995
0.216
1.369%
57.080
1.306
2.342%
67.08
0.63
0.95%
1338.400
17.065
1.292%
 
 
US
 
Europe
 
Asia