European stocks retreat from record highs on profit taking

2021-04-20 12:10:22 GMT (Economies.com)
European stocks retreat from record highs on profit taking

European stocks fell on Tuesday, and pulled back further from all-time highs as profit-taking continued, in addition to investors' risk aversion, after the US stocks fell.

 

The Stoxx Europe 600 index fell 1.2% as of 11:25 GMT, after closing lower by 0.1% yesterday on profit-taking from its all-time high of 443.6 points.

 

The travel and entertainment sector saw the largest losses in Europe today, falling 2.4%, due to a broad sell-off wave in the sector.

 

S&P 500 futures fell 0.5% ahead of Wall Street opening after the index closed lower by more than 0.5% yesterday, after hitting its record high of 4,191.31 points.

 

Back to Europe, the Euro Stoxx 50 index fell 1.1% after it hit the highest level since January 2008 at 4,040.9 points yesterday, France's CAC 40 fell 1.5% after it hit the highest level since November 2000 at 6,319.1 points.

 

Germany's DAX index fell 0.9% hit a new record high of 15,501.8 points, while the UK's FTSE 100 fell 1.1%.

 
 
 
  Symbol Last Change Chg.%
1.2164
-0.0009
0.0723%
1.4166
0.0030
0.2090%
Tadawul
10322.68
86.96
0.85%
27.564
-0.240
0.865%
65.228
-0.164
0.251%
68.35
0.03
0.04%
1835.640
-8.585
0.466%
 
 
US
 
Europe
 
Asia