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Stock market: Europe improves but remains in the red, energy slips

2021-02-26T10:52:18.223Z


Tlc and pharmaceuticals rise, euro weak against dollar (ANSA) European stock exchanges are improving after a sharply lower start, in the wake of the Asian markets and the negative closing of Wall Street where futures are now rising. There is nervousness among investors following the rise in the US bond market, with yields at their highest in a year. Fears about the trend in US inflation triggered a sell-off that particularly involved the sector of technology


European stock exchanges are improving after a sharply lower start, in the wake of the Asian markets and the negative closing of Wall Street where futures are now rising.

There is nervousness among investors following the rise in the US bond market, with yields at their highest in a year.

Fears about the trend in US inflation triggered a sell-off that particularly involved the sector of technology stocks.

On the currency side, the euro against the dollar at 1.2149 in London.

Asian stock exchanges closed lower in the wake of Wall Street and investors who fear a rise in inflation in the United States.

Tokyo closes heavily (-4%).

Hong Kong (-3.64%), Shanghai (-2%), Shenzhen (-1.8%), Seoul (-2.8%), Mumbai (-3.2%) are also in the red.


In the red Paris (-0.3%), London and Frankfurt (-0.1%) while Madrid is in contrast (+ 0.3%).

The stoxx 600 area index lost 0.4% weighed down by energy (-1.4%), with the price of oil falling by 1% to $ 62.8 a barrel.

Technology (-0.9%) and automotive (-0.7%) were also negative.


    In the Old Continent, utilities are proceeding positively (+ 0.7%), with Suez (+ 0.7%) rejecting the Veolia bid (-0.6%).


    Pharmaceuticals also performed well (+ 0.7%), with Astrazeneca (+ 1.7%) and Sanofi (+ 1.9%), Roche and Novartis (+ 0.5%).

Tlc also rose (+ 0.2%) where Cellnex (+ 5.1%) and Deutsche Telekom are showing off, after the accounts. 


Source: ansa

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