Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

European shares flat as weakness in autos negate mining gains

Published 26/04/2021, 08:20
Updated 26/04/2021, 08:24
© Reuters.

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
April 26 (Reuters) - European stocks were largely flat on
Monday as losses in automakers countered gains in miners, while
investors braced for a busy week of corporate earnings and
economic data.
The pan-European STOXX 600 index .STOXX inched up 0.02% in
early trading after it recorded its first weekly loss in eight
on Friday.
A 10-year high for Shanghai copper prices and a surge in
other metals boosted shares of European miners, with the basic
resources index .SXPP climbing 0.5% to lead sectoral gains.
MET/L
Auto stocks took a hit, with Volkswagen AG VOWG_p.DE
slipping 1.1% after the Financial Times reported the company had
warned managers to prepare for a bigger production hit in the
second quarter due to a global chip shortage. Austrian sensor maker AMS AMS.S fell 4.3% after Credit
Suisse double downgraded its stock to "underperform", citing
concerns around the company potentially losing product supply
deals at Apple AAPL.O .

Latest comments

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.