European stocks pare 2-week high as most global stocks fall

2021-03-04 12:48:42 GMT (Economies.com)
European stocks pare 2-week high as most global stocks fall

European stocks fell on Thursday, to head for the first loss in 4 sessions, on profit-taking from a 2-week high, due to a broad sell-off in most global stock markets and investors' risk aversion.

 

The Stoxx Europe 600 index fell 0.8% as of 11:45 GMT, after closing higher by 0.1% yesterday and hit a 2-week high at 416.7 points.

 

The mining and basic resources sector topped the list of losers in Europe, with a decline of about 5.0%, due to a drop in most of dollar-denominated metals and commodities prices

 

Most of the global stock markets fell today, especially in Japan and China, after a drop in Wall Street yesterday due to the US 10-year Treasury bonds yield jump near its 1-year high.

 

Investors are anticipating Federal Reserve Chairman Jerome Powell's  remarks about the US economy at an online event later today.

 

S&P 500 futures fell 0.5%, and hit a 4-week low after the index closed lower by 1.3% yesterday at Wall Street in the second straight daily loss.

 

Back to Europe, the Euro Stoxx 50 index fell 0.5%, France's CAC 40 fell 0.3%, Germany DAX index fell 0.5%, and the UK's FTSE 100 fell 0.4%.

 
 
 
  Symbol Last Change Chg.%
1.2056
0.0030
0.2474%
1.3878
-0.0076
0.5411%
Tadawul
10127.90
18.31
0.18%
26.047
0.256
0.991%
61.620
-1.558
2.466%
65.77
0.37
0.57%
1783.335
11.885
0.671%
 
 
US
 
Europe
 
Asia