European stocks pull back off record highs on profit-taking

2020-01-20 13:13:38 GMT (Economies.com)
European stocks pull back off record highs on profit-taking

European stocks fell on Monday, to head for the first daily loss in five days, on profit-taking from all-time highs hit in the previous session.

 

Stoxx Europe 600 fell 0.1% as of 11:55 GMT, after it closed higher by 1% on Friday, to post its fourth straight daily gain and its all-time high of 424.90 points.

 

During the past week, Stoxx Europe 600 added 1.4%, its second weekly gain in a row, following the signing of the US-China trade pact, and positive remarks about the trade talks between Brussels and Washington.

 

The index opened today's session lower, to head for the first daily loss in five days on profit-taking, as most of the major European exchanges and sectors fell today.

 

The household goods sector saw the largest losses in Europe today, with a drop by more than 0.8%, while the energy sector saw gains by 0.3% as oil prices surget due to disruption of the Libyan output.

 

S&P 500 futures fell 0.1% today, after closing higher by 0.4% on Friday at Wall Street, at the record of 3,329.88 points.

 

Back to Europe, the Euro Stoxx 50 index lost 0.1%, France's CAC 40 fell by 0.2%, and In London, the FTSE 100 index fell by 0.2%, while Germany's DAX rose by 0.1%.

 
 
 
  Symbol Last Change Chg.%
1.0972
0.0157
1.4498%
1.2873
-0.0075
0.5792%
Tadawul
7628.34
-82.78
1.07%
17.813
-0.680
3.677%
47.348
-5.985
11.222%
51.65
-1.92
3.58%
1647.535
3.890
0.237%
 
 
US
 
Europe
 
Asia