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Aug. 20, 2021, 8:12 a.m. EDT

European stocks limping toward second-worst weekly performance of the year

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By Steve Goldstein

European stocks on Friday were limping toward their second-worst weekly finish in the year.

The Stoxx Europe 600 /zigman2/quotes/210599654/delayed XX:SXXP -0.97% fell 0.3% to 466.08.

The 2% weekly fall, as of midday, is the worst since the 2.4% retreat in the week ending Feb. 26.

The automotive sector paced Friday’s retreat, as Volkswagen /zigman2/quotes/203434344/delayed XE:VOW3 -1.07% said it would cut production at its main plant in Wolfsburg due to a shortage of microchips, an issue hitting the entire industry.

Travel and leisure sector companies also struggled, with CTS Eventim /zigman2/quotes/206578865/delayed XE:EVD -2.89% , Deutsche Lufthansa /zigman2/quotes/201210530/delayed XE:LHA -1.55% and Wizz Air Holdings /zigman2/quotes/210449062/delayed UK:WIZZ -2.95% losing ground.

Of the major regional indexes, the German DAX /zigman2/quotes/210597999/delayed DX:DAX -1.01% declined 0.5%, the French CAC 40 /zigman2/quotes/210597958/delayed FR:PX1 -0.94% declined 0.4%, and the U.K. FTSE 100 /zigman2/quotes/210598409/delayed UK:UKX -0.63% declined 0.2%.

Marks & Spencer /zigman2/quotes/206225481/delayed UK:MKS -0.63% was the top-performing Stoxx 600 company, surging 11%, after saying full-year profit would come in above the top end of analyst forecasts.

/zigman2/quotes/210599654/delayed
XX : STOXX
479.79
-4.72 -0.97%
Volume: 0.00
Jan. 18, 2022 5:50p
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/zigman2/quotes/203434344/delayed
XE : Germany: Xetra
190.52
-2.06 -1.07%
Volume: 789,729
Jan. 18, 2022 6:30p
P/E Ratio
5.36
Dividend Yield
2.55%
Market Cap
€120.57 billion
Rev. per Employee
€383,350
loading...
/zigman2/quotes/206578865/delayed
XE : Germany: Xetra
67.32
-2.00 -2.89%
Volume: 66,847
Jan. 18, 2022 6:30p
P/E Ratio
583.87
Dividend Yield
0.00%
Market Cap
€6.65 billion
Rev. per Employee
€86,393
loading...
/zigman2/quotes/201210530/delayed
XE : Germany: Xetra
7.13
-0.11 -1.55%
Volume: 6.80M
Jan. 18, 2022 6:30p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
€8.66 billion
Rev. per Employee
€123,309
loading...
/zigman2/quotes/210449062/delayed
UK : U.K.: London
4,508.00 p
-137.00 -2.95%
Volume: 175,424
Jan. 18, 2022 4:35p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
£4.79 billion
Rev. per Employee
£250,991
loading...
/zigman2/quotes/210597999/delayed
DAX
DX : Xetra Indices
15,772.56
-161.16 -1.01%
Volume: 70,557
Jan. 18, 2022 6:30p
loading...
/zigman2/quotes/210597958/delayed
FR : France: Euronext Paris
7,133.83
-67.81 -0.94%
Volume: 78,561
Jan. 18, 2022 6:05p
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/zigman2/quotes/210598409/delayed
UK : FTSE UK
7,563.55
-47.68 -0.63%
Volume: 747,547
Jan. 18, 2022 4:58p
loading...
/zigman2/quotes/206225481/delayed
UK : U.K.: London
222.10 p
-1.40 -0.63%
Volume: 5.61M
Jan. 18, 2022 4:35p
P/E Ratio
174.88
Dividend Yield
0.00%
Market Cap
£4.38 billion
Rev. per Employee
£146,170
loading...

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