European stocks give up record highs on profit taking

2021-04-07 12:48:23 GMT (Economies.com)
European stocks give up record highs on profit taking

European stocks fell in early trading on Wednesday, and pulled back from all-time highs on profit-taking as Wall Street's rally paused ahead of the Federal Reserve meeting minutes.

 

The Stoxx Europe 600 index fell 0.2% as of 11:45 GMT, after closing higher by 0.7% yesterday and hit an all-time high at 436.5 points.

 

The tech sector saw the largest losses in Europe today, falling 1.5%, after a wave of strong gains.

 

S&P 500 futures fell more than 0.1%, after the index closed lower by 0.1% yesterday on profit-taking from its new record high of 4,086.23 points.

 

At 18:00 GMT, The Federal Reserve will release minutes of the last policy meeting, at which policymakers voted to maintain current interest rates near zero and the bonds purchases program at over $120 billion.

 

Back to Europe, the Euro Stoxx 50 index fell 0.25, France's CAC 40 fell 0.1%, and Germany's DAX index fell 0.2% on profit-taking from its record high of 15,311.9 points.

 

While the UK's FTSE 100 rose 0.6%, after the British pound fell, which benefits exporting companies.

 
 
 
  Symbol Last Change Chg.%
1.2052
0.0026
0.2191%
1.3884
-0.0069
0.4949%
Tadawul
10127.90
18.31
0.18%
26.084
0.293
1.136%
61.910
-1.268
2.007%
65.83
0.43
0.66%
1783.640
12.190
0.688%
 
 
US
 
Europe
 
Asia