Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

European stocks seek direction after Wall Street rally

Published 06/10/2020, 08:32
Updated 06/10/2020, 08:45
© Reuters. The German share price index DAX graph at the stock exchange in Frankfurt
UK100
-
FCHI
-
DE40
-
LOGN
-
ENGIE
-
VIE
-
PRTP
-
AAPL
-
SEVI
-
STOXX
-
PUMG
-

(Reuters) - European stocks were little changed on Tuesday as mixed corporate updates tempered optimism about fresh U.S. stimulus measures that bolstered Wall Street indexes overnight.

The pan-European STOXX 600 (STOXX) slipped 0.1% by 0716 GMT, with the German DAX (GDAXI) and France's CAC 40 (FCHI) trading flat, while London's FTSE 100 (FTSE) slipped 0.2%.

Global markets saw a relief rally as U.S. President Donald Trump was discharged from the hospital on Monday following treatment for COVID-19 and the prospects for a fresh U.S. stimulus package appeared to brighten. [MKTS/GLOB]

Puma (DE:PUMG) slid 3.6% after French luxury group Kering (PA:PRTP) said it had completed the sale of a 5.9% stake in the German sportswear group.

Swiss technology accessories make Logitech (S:LOGN) fell 3.8% after Bloomberg reported that Apple (O:AAPL) had stopped selling headphones and wireless speakers from rivals as it plans to launch its own products.

French waste and water firm Suez (PA:SEVI) jumped 4.9% after rival Veolia (PA:VIE) succeeded in buying 29.9% of the company owned by power group Engie (PA:ENGIE).

© Reuters. The German share price index DAX graph at the stock exchange in Frankfurt

Shares of Veolia and Engie rose nearly 1% each.

 

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.