European stocks fall on profit-taking
European stocks fell on Wednesday, giving up the 9-month peak due to corrections and profit-taking, but today's losses are limited so far, especially as the US stocks indices on Wall Street jumped to new record highs.
The Stoxx Europe 600 index fell 0.3% as of 11:30 GMT, after it closed higher by 0.5% yesterday, and hit the highest since February of 392.39 points.
The pan European index opened lower today, on profit-taking from a 9-month high, with most of the major European markets and sectors seeing red.
The automotive sector saw the largest losses in Europe today, dropping more than 1.5%, followed by the banking sector, with a drop by 1.4%.
S&P 500 futures fell 0.3%, after the index closed higher by 1.6% yesterday, in the second straight daily gain, and Dow Jones jumped more than 450 points and breached the 30,000-point barrier for the first time in history.
Back to Europe, the Euro Stoxx 50 index fell 0.3%, France's CAC 40 fell 0.1%, Germany's DAX fell 0.4%, and the UK's FTSE 100 fell 0.5%.
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.2102
|
0.0037
|
0.3050%
|
|
|
|
|
1.3671
|
0.0122
|
0.8975%
|
|
|
|
Tadawul
|
8878.30
|
-29.61
|
0.33%
|
|
|
|
|
25.139
|
0.233
|
0.935%
|
|
|
|
|
53.478
|
1.178
|
2.252%
|
|
|
|
|
56.21
|
0.30
|
0.54%
|
|
|
|
|
1836.910
|
0.795
|
0.043%
|
|
