🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

REFILE-Inflation nerves hit European stocks; Evolution Gaming tumbles

Published 11/05/2021, 08:26
Updated 11/05/2021, 08:36
© Reuters.
UK100
-
FCHI
-
STOXX
-
SX8P
-
SXPP
-
SXTP
-
EVOG
-
DAX
-

(Corrects to Tuesday in first paragraph)
May 11 (Reuters) - European stocks retreated from all-time
highs on Tuesday, with shares of technology, travel and mining
companies among the top losers after worries about rising U.S.
inflation knocked back U.S. indexes.
The pan-European STOXX 600 index .STOXX fell 1.6% after it
hit a record closing high on Monday. The main bourses in
Frankfurt .DAX , Paris .FCHI and London .FTSE all lost more
than 1.5%.
Global sentiment soured after inflation jitters drove
investors away from Wall Street's market-leading growth stocks
on Monday ahead of the latest reading on U.S. consumer prices,
which many fear could prompt the Federal Reserve to rethink its
monetary policy stance.
European tech shares .SX8P tumbled 2.2% to their lowest
level since late March, while miners .SXPP handed back some of
their strong gains in the previous session.
Travel and leisure stocks .SXTP slumped 3.7% as Sweden's
Evolution Gaming Group EVOG.ST tumbled 9.6% after the
bookrunner announced the pricing of block trades.

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.