👀 Ones to watch: The MOST undervalued stocks to buy right nowSee Undervalued Stocks

Weak commodity prices weigh on European shares

Published 02/03/2021, 09:16
Updated 02/03/2021, 09:18
© Reuters.
BP
-
TTEF
-
RDSa
-
STOXX
-
SXEP
-
SXPP
-
HFGG
-

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
March 2 (Reuters) - European stocks benchmark fell on
Tuesday after recording its strongest session in four months a
day earlier as heavyweight mining and energy stocks retreated on
weaker commodity prices.
The pan-regional STOXX 600 index .STOXX fell 0.2% in early
trading, following Asian markets into the red after China's top
banking and insurance regulator expressed caution over the risk
of bubbles bursting in foreign markets. Oil majors Royal Dutch Shell RDSa.L , BP BP.L and Total
TOTF.PA fell between 1% and 2% as crude prices dropped on
worries about slowing demand in China. O/R
Oil and gas sector .SXEP fell 1.4%, while miners .SXPP
declined 0.6%.
German meal-kit delivery company HelloFresh HFGG.DE
shares, which have more than doubled in the past year, fell 4.6%
even as the company reported fourth-quarter sales above market
expectations.

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.