European stocks pullback from record highs

2021-04-13 12:21:21 GMT (Economies.com)
European stocks pullback from record highs

European stocks fell on Tuesday, and pulled back from all-time highs on profit-taking and investors' risk aversion, after the US Food and Drug Administration called for a pause on Johnson & Johnson vaccine.

 

The Stoxx Europe 600 index fell 0.2% as of 11:18 GMT, after closing lower by 0.5% yesterday on profit-taking from its all-time high of 437.4 points.

 

The healthcare sector saw the largest losses in Europe today, falling 1.5%, due to negative news in the US.

 

The US Food and Drug Administration called for a pause on Johnson & Johnson vaccine after six rare clotting cases were reported after taking the vaccine.

 

S&P 500 futures fell 0.5% ahead of Wall Street opening after the index closed lower by less than 0.1% yesterday, after hitting its record high of 4,131.76 points.

 

The 10-year US Treasury yields rose 1.5% today for the third straight session, marking week highs at 1.701%. 

 

Later at 12:30 GMT, US data might show an accelerated pace of inflation during March, underpinning long-term yields further. 

 

Back to Europe, the Euro Stoxx 50 index fell 0.2%, France's CAC 40 fell 0.1%, Germany DAX index fell 0.1%, and the UK's FTSE 100 fell 0.3%.

 
 
 
  Symbol Last Change Chg.%
1.2080
-0.0093
0.7636%
1.4031
-0.0105
0.7431%
Tadawul
10322.68
86.96
0.85%
26.957
-0.848
3.048%
64.720
-0.672
1.028%
67.79
-1.53
2.21%
1816.675
-27.550
1.494%
 
 
US
 
Europe
 
Asia