If you are a beginner, read this news to get an overview of the current market. Most European stock markets fell slightly in early trading Thursday, fears that the reinstatement of health restrictions would slow the pace of the economic recovery, prompting investors to be cautious.
In Paris, the CAC 40 index lost 0.25% to 5,932.7 points around 09:00 GMT. In Frankfurt, the Dax lost 0.19% and in London, the FTSE gained 0.23%. The Eurozone EuroStoxx 50 Index fell 0.25%, the FTSEurofirst 300 was stable (+ 0.02%) and the Stoxx 600 fell 0.11%. The main concern of investors continues to be the continuous deterioration of the health situation after the tightening of the restrictions decided by several European countries to stop the spread of the coronavirus. Prime Minister Boris Johnson announced Wednesday that Britain could impose further tougher measures on arrivals from France, especially road carriers. Concerns about disruptions in the distribution of coronavirus vaccines also weigh on investor sentiment.
The European Commission presented on Wednesday a project to tighten the export conditions of vaccines produced in the EU that will be debated this Thursday by the leaders of the 27. The energy sector recorded the largest drop in early trading in Europe, its Stoxx index fell 1.36%, ahead of core resources (-0.89%). In Paris, TechnipFMC is the ACC red lantern with a decrease of 2.71%. Scor’s participation varies little (-0.13%) despite the complaint filed by Covéa before the National Financial Prosecutor’s Office against the general director of the French reinsurer, Denis Kessler, for price manipulation and abuse of corporate assets you may also visit bitcoin champion official site 2021.
H&M is down 1.11% as the Swedish clothing giant appears to be the target of a boycott of Chinese shopping sites after expressing concern over forced labor charges in Xinjiang. Adidas, which is also under fire in China, fell 3.98%. In London, Cineworld falls 10.66% after announcing that it will ask shareholders to approve an increase in its debt ceiling to allow it to borrow more to balance its finances after a loss of 3 billion dollars (2.5 billion euros) in 2020. Compass, world number one in collective catering, takes 1.33% after commenting that it foresees an improvement in its margins in the second quarter thanks to a reduction in costs.
Bureau Veritas gained 1.43% after the board of J.P. Morgan went up to “overweight.” Futures on major Wall Street indices are so far targeting 0.2-0.4% on Thursday after a lower close the day before despite upbeat comments from Federal Reserve Chairman Jerome. Powell, and the Secretary of the Treasury of the United States, Janet Yellen, on the economic recovery. The Dow Jones index closed almost unchanged (-0.01%) at 32,420.06 points and the S & P-500 lost 0.55% to 3,889.14 points. The Nasdaq Composite fell 2.01% to 12,961.89 points. Investors turned their backs on top tech stocks for the second day in a row amid shifts in the energy and financial sectors amid prospects for higher growth. The US securities police on Wednesday took steps to exclude foreign companies from the US Stock Exchange if they do not comply with US accounting standards. Chinese companies are a special target and double-listed tech groups in Hong Kong and New York are falling sharply.
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