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FTSE 100 snaps 3-day winning streak as high yields weigh
Published at 04/03/2021 at 17:10 -
European shares end lower as miners and tech are pressured by firmer yields
Published at 04/03/2021 at 17:04 -
Rising U.S. yields knock European stocks, miners slump
Published at 04/03/2021 at 08:30 -
FTSE 100 falls as high yields, inflation worries return to fore
Published at 04/03/2021 at 08:28 -
UK Stocks-Factors to watch on March 4
Published at 04/03/2021 at 07:43 -
UK Stocks-Factors to watch on March 4
Published at 04/03/2021 at 05:39 -
European stocks muted as rise in yields, inflation bets curb initial gains
Published at 03/03/2021 at 17:15 -
Banks, homebuilders shine as British shares rally on budget boost
Published at 03/03/2021 at 17:06 -
European stocks rally, FTSE jumps 1% ahead of budget
Published at 03/03/2021 at 08:21 -
Commodity, bank stocks lift UK shares higher ahead of budget
Published at 03/03/2021 at 08:20
Forex News
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FOREX-Dollar ascendant as Powell stays dovish course; risk currencies slide
Published at 05/03/2021 at 01:24 -
FOREX-Dollar hits three-month highs as Fed's Powell sticks to script
Published at 04/03/2021 at 20:26 -
FOREX-Dollar pares gains before Fed's Powell speaks
Published at 04/03/2021 at 15:11 -
FOREX-Dollar holds before Powell speaks, Swiss franc falls to five-month low
Published at 04/03/2021 at 12:33 -
FOREX-Dollar holds gains ahead of Powell, Swiss franc falls to 5-month low
Published at 04/03/2021 at 08:53 -
FOREX-Dollar holds nerve before Powell, Aussie and kiwi rise again
Published at 04/03/2021 at 05:54 -
FOREX-Dollar bides time, looks to Powell for inspiration
Published at 04/03/2021 at 02:38 -
FOREX-Dollar on the front foot as focus shifts to Powell
Published at 04/03/2021 at 00:46 -
FOREX-Dollar gains with yields, U.S. growth seen likely to outperform
Published at 03/03/2021 at 20:41 -
FOREX-Dollar gains as U.S. growth seen likely to outperform
Published at 03/03/2021 at 15:08
Market News
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PRECIOUS-Gold sinks to 9-month low as Fed remarks boost dollar, bond yields
Published at 05/03/2021 at 01:26 -
Oil scales 1-year peak as OPEC+ rolls over output for April
Published at 04/03/2021 at 20:15 -
PRECIOUS-Gold crumbles under rising yields, dollar; hits 9-month low
Published at 04/03/2021 at 19:46 -
PRECIOUS-Gold rises as easing bond yields offset firm dollar
Published at 04/03/2021 at 12:42 -
PRECIOUS-Gold prices off 9-month low, but pressured by rising bond yields
Published at 04/03/2021 at 07:48 -
REFILE-Oil prices firm on prospect of OPEC+ maintaining supply cuts, drop in U.S. inventories
Published at 04/03/2021 at 03:40 -
PRECIOUS-Gold recovers from 9-month low, but higher yields weigh
Published at 04/03/2021 at 01:23 -
Oil gains as U.S. fuel stocks drop, OPEC+ considers deal rollover
Published at 03/03/2021 at 20:03 -
PRECIOUS-Gold slides to 9-month low as rising bond yields, dollar dim appeal
Published at 03/03/2021 at 18:59 -
PRECIOUS-Gold slips as U.S. bond yields and equities dull its appeal
Published at 03/03/2021 at 13:04
UPDATE 2-European stocks sapped by weak economic data, travel curbs
Published at
22/01/2021 at 17:21
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)
* STOXX up 0.2% on the week after Friday's slide
* Travel stocks slump as EU proposes travel curbs
* Euro zone business activity shrinks in Jan
(Updates to market close)
By Sruthi Shankar and Amal S
Jan 22 (Reuters) - European stocks ended lower on Friday, closing out another lacklustre week as business activity in the euro zone shrank in January after stringent lockdowns to control the coronavirus pandemic shuttered many businesses.
The pan-European STOXX 600 index fell 0.6%, but clung to a small 0.2% rise for a week, dominated by hopes for massive U.S. stimulus under President Joe Biden.
Travel and leisure stocks fell 2.5%, leading declines among sectors amid concerns over fresh travel restrictions in Europe. Other economically sensitive sectors like banks , oil & gas and mining shed more than 1%.
IHS Markit's flash composite Purchasing Mangers' Index (PMI) for the euro zone fell further below the 50 mark separating growth from contraction, hitting 47.5 in January from December's 49.1.
The bloc's dominant service industry was hit hard with hospitality and entertainment venues forced to remain closed, but manufacturing remained strong as factories largely stayed open.
The auto-heavy German DAX fell 0.2%, France's CAC 40 dropped 0.6%, and euro zone stocks were down 0.6%.
The sealing of a post-Brexit trade deal, unprecedented stimulus measures from central banks and governments, and hopes that COVID-19 vaccines will spur a faster economic rebound drove the STOXX 600 to a near 11-month high this week.
"There is quite a big discussion in the market on whether the consensus is too bullish, or if we need to have a pullback," said Graham Secker, chief European equity strategist at Morgan Stanley.
"I think this is more about the fact the markets had a strong run over the past few months. Maybe it gives people an excuse for some profit-taking.
"While the long-term narrative is intact, the market tends to give the benefit of doubt."
A European Central Bank survey showed the euro zone economy is likely to rebound this year - but at a slower pace than expected only a few months ago - before making up the lost ground in 2022.
Germany's Lufthansa , Air France and British Airways-owner IAG fell between 2.5% and 3.4%, while holiday group TUI tumbled 17.2% after the European Union proposed to label hotspots of COVID-19 infections as "dark red" zones.
Travellers from those areas will have to take a test before departure and undergo quarantine.
The UK's FTSE 100 fell 0.3% and midcap stocks
slid 1.0% after Britain's retail sales marked a weak end to their worst year on record in December, while business activity contracted sharply in the latest month.
Italian stocks fell 1.5% after the country's main ruling parties flagged snap elections as the only way out of its political impasse if Prime Minister Giuseppe Conte fails to drum up a parliamentary majority after scraping through a confidence vote this week.
Helping limit losses in Germany's DAX, engineering group Siemens AG jumped 7.3% on stronger-than-expected preliminary results for its first quarter.
The world's largest carmaker Volkswagen rose 1.9% as a rebound in premium car sales in China and stronger fourth-quarter deliveries helped keep it in the black last year, though its profit almost halved due to the impact of the pandemic.
(Reporting by Sruthi Shankar and Amal S in Bengaluru; Editing by Arun Koyyur and Jan Harvey)
((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780; outside U.S. +91 80 6749 3677;))