European stocks fall on profit-taking

2020-11-25 14:53:35 GMT (Economies.com)
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%
 
 
US
 
Europe
 
Asia