Bulletin
Investor Alert

New York Markets After Hours

Europe Markets Archives | Email alerts

Dec. 27, 2019, 7:56 a.m. EST

European markets poised for another record session, inspired by Wall Street gains

Qiagen tumbles after company rejected potential suitors

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    STOXX Europe 600 Index (SXXP)
  • X
    DAX (DAX)
  • X
    CAC 40 Index (PX1)

or Cancel Already have a watchlist? Log In

By Barbara Kollmeyer, MarketWatch


AFP via Getty Images
A man looks on in front of a booth at a Christmas market and fair in the Tuileries Gardens Paris on November 22, 2019.

European stock markets climbed upon returning from an extended holiday break on Friday, with the main index poised to set a fresh high on the heels of a strong session for Wall Street.

The Stoxx Europe 600 index /zigman2/quotes/210599654/delayed XX:SXXP +0.83%  rose 0.4% to 420.55, which will mark new closing high if the gains last through the day. That would take out the record high of 418.86 reached on Tuesday, when the index gained 0.1%. With just a handful of trading sessions to go, the Stoxx 600 is poised for a 24% gain in 2019 — the biggest rise in a decade.

The German DAX 30 index /zigman2/quotes/210597999/delayed DX:DAX +0.79%  rose 0.5% to 13,374.76, the French CAC 40 index /zigman2/quotes/210597958/delayed FR:PX1 +0.90%  rose 0.5% to 6,057.08, and the FTSE 100 index /zigman2/quotes/210598409/delayed UK:UKX +1.02%  gained 0.3% to 7,657.58.

Reports of blockbuster holiday sales from Amazon.com Inc. /zigman2/quotes/210331248/composite AMZN +0.67%  helped drive all three main U.S. indexes to record closes on Thursday, with the Nasdaq Composite /zigman2/quotes/210598365/realtime COMP +0.87%  closing above 9,000 for the first time.

Separately, data from China revealed industrial profits improved in November and U.S. stock futures pointed to potentially more records for Friday.

Retailers in Europe rose, with HUGO BOSS AG /zigman2/quotes/205761551/delayed DE:BOSS +0.92% up 0.7% and Marks & Spencer Group PLC /zigman2/quotes/206225481/delayed UK:MKS +0.22%   gaining 1%.

Drug, mining and energy companies stood out. Shares of BP PLC /zigman2/quotes/207305210/composite BP +0.44% /zigman2/quotes/202286639/delayed UK:BP +1.16%  rose 0.9% after oil prices closed at a three-month high on Thursday as a report showed falling U.S. crude inventories. The Energy Information Administration will release its report on U.S. crude stocks Friday.

Miners Rio Tinto PLC /zigman2/quotes/208934945/delayed UK:RIO +0.71%   /zigman2/quotes/202627887/composite RIO -0.15%  and BHP Group PLC /zigman2/quotes/203323256/delayed UK:BHP +1.44%   /zigman2/quotes/208108397/composite BHP -0.25%  rose 1.1% and 2%, respectively.

On the downside, shares of Qiagen NV /zigman2/quotes/208965936/delayed DE:QIA +0.06%  slid 18%, after the Dutch biotechnology group earlier in the week rejected potential suitors and said it would focus on its stand-alone business strategy.

Volumes are expected to be thin on Friday, as many European traders may stretch the Christmas break into the weekend, and may not return until after the New Year holiday.

/zigman2/quotes/210599654/delayed
XX : STOXX
433.90
+3.57 +0.83%
Volume: 0.00
Feb. 19, 2020 5:50p
loading...
/zigman2/quotes/210597999/delayed
DAX
DX : Xetra Indices
13,789.00
+107.81 +0.79%
Volume: 90,192
Feb. 19, 2020 6:30p
loading...
/zigman2/quotes/210597958/delayed
FR : France: Euronext Paris
6,111.24
+54.42 +0.90%
Volume: 80,156
Feb. 19, 2020 6:05p
loading...
/zigman2/quotes/210598409/delayed
UK : FTSE UK
7,457.02
+75.01 +1.02%
Volume: 0.00
Feb. 19, 2020 4:59p
loading...
/zigman2/quotes/210331248/composite
US : U.S.: Nasdaq
$ 2,170.22
+14.55 +0.67%
Volume: 2.55M
Feb. 19, 2020 4:00p
P/E Ratio
94.28
Dividend Yield
N/A
Market Cap
$1073.11 billion
Rev. per Employee
$359,671
loading...
/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
9,817.18
+84.44 +0.87%
Volume: 2.29M
Feb. 19, 2020 5:16p
loading...
/zigman2/quotes/205761551/delayed
DE : Germany: Frankfurt
43.72
+0.40 +0.92%
Volume: 420.00
Feb. 19, 2020 8:59p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
N/A
Rev. per Employee
€190,396
loading...
/zigman2/quotes/206225481/delayed
UK : U.K.: London
181.30 p
+0.40 +0.22%
Volume: 3.99M
Feb. 19, 2020 4:35p
P/E Ratio
62.09
Dividend Yield
6.07%
Market Cap
£3.52 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/207305210/composite
US : U.S.: NYSE
$ 36.25
+0.16 +0.44%
Volume: 9.43M
Feb. 19, 2020 4:10p
P/E Ratio
30.31
Dividend Yield
6.90%
Market Cap
$120.85 billion
Rev. per Employee
$4.03M
loading...
/zigman2/quotes/202286639/delayed
UK : U.K.: London
462.80 p
+5.30 +1.16%
Volume: 28.97M
Feb. 19, 2020 4:35p
P/E Ratio
30.59
Dividend Yield
6.98%
Market Cap
£91.92 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/208934945/delayed
UK : U.K.: London
4,201.50 p
+29.50 +0.71%
Volume: 1.41M
Feb. 19, 2020 4:35p
P/E Ratio
6.90
Dividend Yield
7.36%
Market Cap
£67.74 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/202627887/composite
US : U.S.: NYSE
$ 54.34
-0.08 -0.15%
Volume: 904,808
Feb. 19, 2020 4:10p
P/E Ratio
6.90
Dividend Yield
6.09%
Market Cap
$68.55 billion
Rev. per Employee
$852,406
loading...
/zigman2/quotes/203323256/delayed
UK : U.K.: London
1,691.60 p
+24.00 +1.44%
Volume: 3.92M
Feb. 19, 2020 4:35p
P/E Ratio
12.90
Dividend Yield
6.50%
Market Cap
£84.33 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/208108397/composite
US : U.S.: NYSE
$ 51.43
-0.13 -0.25%
Volume: 2.03M
Feb. 19, 2020 4:10p
P/E Ratio
15.14
Dividend Yield
5.17%
Market Cap
$75.91 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/208965936/delayed
DE : Germany: Frankfurt
34.18
+0.02 +0.06%
Volume: 7,327
Feb. 19, 2020 8:59p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
N/A
Rev. per Employee
€257,072
loading...

Barbara Kollmeyer is an editor for MarketWatch in Madrid. Follow her on Twitter @bkollmeyer.

This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »

Partner Center

World News from MarketWatch

Link to MarketWatch's Slice.