European stocks fall for third straight day as Airbus sheds 4%

2021-02-18 12:15:04 GMT (Economies.com)
European stocks fall for third straight day as Airbus sheds 4%

European stocks fell on Thursday, to deepen losses for the third day and pulled back further from a 1-year high, on profit-taking and disappointing earnings results by major European companies, led by the giant aircraft manufacturer Airbus, as its shares lost nearly 4% after reporting an operating loss in 2020.

 

The Stoxx Europe 600 index fell 0.3% as of 11:25 GMT, after closing lower by 0.75% yesterday on profit taking from a 1-year high of 420.6 points, in the second straight daily gain.

 

The banking sector saw the largest losses in Europe today, falling around 1%, after disappointing earnings reports by Credit Suisse and Barclays Bank.

 

Airbus stock fell nearly 4% after the French aircraft manufacturer reported €510 million operating loss in 2020, and its core operating profit fell 75% due to the Covid-19 pandemic.

 

S&P 500 futures fell 0.5%, and jumped to all-time record high after the index closed lower by 0.1% yesterday at Wall Street on profit-taking from a record high of 3,950.43 points.

 

Back to Europe, the Euro Stoxx 50 index fell 0.4%, France's CAC 40 fell 0.5%, the UK's FTSE 100 fell 0.9%, and Germany DAX index fell 0.2%.

 
 
 
  Symbol Last Change Chg.%
1.1911
-0.0143
1.1851%
1.3838
-0.0097
0.6972%
Tadawul
9242.28
-68.88
0.74%
25.247
-1.621
6.035%
66.283
4.812
7.828%
69.56
2.85
4.27%
1700.790
-39.040
2.244%
 
 
US
 
Europe
 
Asia