👀 Copy Legendary Investors' Portfolios in One ClickCopy For Free

Tech stocks nudge European shares higher, virus woes limit gains

Published 26/11/2020, 09:21
© Reuters.
ULVR
-
FTMC
-
STOXX
-
SX8P
-
SXDP
-

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
Nov 26 (Reuters) - European shares inched higher in early
trade on Thursday, but gains were limited as an extension of
coronavirus restrictions in Germany and grim economic growth
forecasts for the United Kingdom dented sentiment.
The pan-European STOXX 600 .STOXX rose 0.1%, with tech
.SX8P and healthcare .SXDP sectors leading gains. The
benchmark index ended a four-day winning streak in the previous
session as investors cashed in on gains after a vaccine-fuelled
rally.
Chancellor Angela Merkel said on Wednesday Germany will
extend restrictive measures imposed early this month to rein in
a second wave that is sweeping much of Europe, until at least
Dec. 20, as COVID-19 infection numbers remained
high. UK's domestically exposed stocks .FTMC stabilised after a
sell off in the previous day, as Finance Minister Rishi Sunak
warned the economy was on course to shrink by 11.3% this year
and unveiled plans to borrow amounts not seen before in
Britain's peacetime. Trading volumes are expected to be thin in light of the
Thanksgiving holiday in the United States.
In company news, consumer goods group Unilever ULVR.L rose
1.5% on agreeing to buy U.S.-based vitamin company SmartyPants
Vitamins.

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.