Latest News
UK News
Click Here to read UK News
Forex News
Click Here to read Forex News
Market News
Click Here to read Market News
UK News
-
Earnings lifts European shares, German DAX outperforms
Published at 26/01/2021 at 17:28 -
London stocks climb as AstraZeneca, Indivior jumps
Published at 26/01/2021 at 17:14 -
London stocks gain as AstraZeneca, Indivior jump
Published at 26/01/2021 at 08:31 -
European stocks inch higher as UBS profit surges
Published at 26/01/2021 at 08:18 -
UK Stocks-Factors to watch on Jan 26
Published at 26/01/2021 at 07:53 -
UK Stocks-Factors to watch on Jan 26
Published at 26/01/2021 at 06:35 -
Weak German business morale, vaccine delays push European stocks to 2-week low
Published at 25/01/2021 at 17:31 -
London's FTSE 100 drops to near three-week low as virus risks weigh
Published at 25/01/2021 at 17:00 -
London stocks gain on M&A activity, virus risks weigh
Published at 25/01/2021 at 08:20 -
Tech shares, corporate earnings lift European stocks
Published at 25/01/2021 at 08:18
Forex News
-
FOREX-Dollar retreats as riskier currencies recover
Published at 26/01/2021 at 21:13 -
FOREX-Dollar retreats as riskier currencies rebound
Published at 26/01/2021 at 15:30 -
FOREX-Dollar holds at one-week highs as yuan outperforms
Published at 26/01/2021 at 11:50 -
FOREX-Dollar at one-week highs on safety bid, euro struggles
Published at 26/01/2021 at 08:52 -
FOREX-Dollar gains as stimulus nerves nudge investors to safety
Published at 26/01/2021 at 07:01 -
FOREX-Dollar firm as traders look to Fed to hold the line
Published at 26/01/2021 at 04:29 -
FOREX-Dollar firm as jittery markets look to Fed for catalysts
Published at 26/01/2021 at 00:46 -
FOREX-Dollar advances as investors shy away from risk
Published at 25/01/2021 at 20:43 -
FOREX-Dollar rises as investors shy away from risk
Published at 25/01/2021 at 17:28 -
FOREX-Dollar steadies; euro hurt by vaccine delays and German business morale slump
Published at 25/01/2021 at 12:27
Market News
-
Oil prices steady as virus deaths rise, demand worries persist
Published at 26/01/2021 at 21:49 -
PRECIOUS-Gold edges down on U.S. stimulus worries, softer dollar limits losses
Published at 26/01/2021 at 19:01 -
PRECIOUS-Gold eases on firm dollar ahead of U.S. Fed meeting
Published at 26/01/2021 at 12:11 -
PRECIOUS-Gold falls on firmer dollar, U.S. stimulus concerns
Published at 26/01/2021 at 08:29 -
CORRECTED-Oil prices edge lower amid doubts over U.S. stimulus, rising coronavirus cases
Published at 26/01/2021 at 04:44 -
PRECIOUS-Gold inches lower on firmer dollar, U.S. stimulus worries
Published at 26/01/2021 at 01:13 -
Oil rises 1% on U.S. stimulus hopes, supply concerns
Published at 25/01/2021 at 20:28 -
PRECIOUS-Gold pares gains as the dollar edges higher
Published at 25/01/2021 at 19:33 -
PRECIOUS-Gold firms as dollar, yields ease; Biden stimulus plan in focus
Published at 25/01/2021 at 12:26 -
PRECIOUS-Gold eases on doubts over U.S. stimulus passage
Published at 25/01/2021 at 08:40
UPDATE 2-European shares end 4-day winning streak as vaccine rally cools
Published at
25/11/2020 at 17:27
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)
* Virgin Money UK shares fall on FY profit slump
* France to start easing COVID-19 lockdown
* British domestic stocks drop on Brexit uncertainty
(Updates to close)
By Shriya Ramakrishnan and Shashank Nayar
Nov 25 (Reuters) - European shares ended lower on Wednesday as traders booked profits following sharp gains earlier this month, with surging coronavirus cases also capping demand for risky assets.
The pan-European STOXX 600 index dropped 0.1%, with
energy and automobile stocks leading declines.
Energy stocks dropped 1.2% after gaining nearly 10% in the past three trading sessions on the back of gains in crude prices, which benefited from vaccine hopes and favourable political scenarios in the United States.
But markets retreated from recent gains as coronavirus cases in the bloc grew, and economic ructions from recent lockdowns continued to be felt. Still, European equities were set for their best month on record.
"The market has pulled a bit of risk off the table having two contrasting effects at play, one with bets of improved corporate earnings in contrast to expectations of central banks pulling back stimulus measures as economic situations begin to start getting better," said Andrea Cicione, head of strategy at TS Lombard.
A Reuters poll expects the STOXX 600 to climb to 430 points by the end of 2021, just a whisker below February's record highs, as economic activity eventually returns to normal following the coronavirus-induced downturn.
British mid-caps lost 1.1% and were the worst performers among European indices after the EU's chief executive said the European Commission cannot guarantee there will be a trade pact with Britain after its departure from the EU, and the coming days will be crucial.
UK's finance minister Rishi Sunak announced borrowings amounting to around 400 billion pounds this year to pay for the massive coronavirus hit to its economy, with the worlds sixth-biggest economy set to shrink by 11.3% in 2020: its worst performance in more than 300 years.
Germany and the United Kingdom unveiled plans to allow gatherings with limitations for Christmas, while France will start easing its lockdown this weekend after a sharp drop in new infections and hospitalizations.
French President Emmanuel Macron said on Tuesday a vaccine could start being administered as soon as the end of the year if approved by regulators.
German stocks ended flat while France's CAC 40
gained 0.2%.
In company news, Virgin Money UK dropped 4.8% after the lender reported a slump in annual profit as it took an impairment charge against an expected surge in bad loans.
German media group Bertelsmann gained 0.6% after it agreed to purchase publisher Simon & Schuster for $2.175 billion in cash from ViacomCBS, strengthening its presence in the United States.
($1 = 0.7483 pounds)
(Reporting by Shriya Ramakrishnan in Bengaluru; Editing by Subhranshu Sahu, Shounak Dasgupta and Jonathan Oatis)
((Shriya.Ramakrishnan@thomsonreuters.com; +91 8061822842))