Investing.com - Financial Markets Worldwide
🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Defensives drag down European shares from 4-month highs

Published 22/07/2020, 08:31
© Reuters.
ABBN
-
VLOF
-
STOXX
-
SX6P
-
SX3P
-
SXDP
-
SXMP
-

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
July 22 (Reuters) - European shares slipped on Wednesday as
investors turned their focus back to earnings reports and a
surge in coronavirus cases, after an EU-wide debt deal sent the
region's markets to four-month highs in the previous session.
The pan-European STOXX 600 .STOXX was down 0.3% by 0722
GMT, easing from its strongest close since March 5.
Defensive sectors led Europe lower, with healthcare .SXDP ,
utilities .SX6P and consumer companies .SX3P among the
biggest drags, with media .SXMP , down 1.0%, falling the most.
Investors took cheer from European Union members reaching a
deal on Tuesday over a 750-billion-euro ($864.68 billion)
coronavirus recovery fund, while hopes are also high that
Washington will deliver a new round of stimulus.
Swiss engineering firm ABB Ltd ABBN.S rose 2.4% after
saying its order situation could improve in the coming months.
French car parts maker Valeo SA VLOF.PA fell about 5%
after it swung to a 1.2 billion euro loss in the first half of
2020, after production was hit due to the pandemic.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.