Bulletin
Investor Alert

Europe Markets Archives | Email alerts

June 28, 2021, 5:02 a.m. EDT

Nokia climbs and Burberry slumps as European stocks slip after strong run

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
    E-Mini S&P 500 Future Continuous Contract (ES00)
  • X
    E-Mini Nasdaq 100 Index Continuous Contract (NQ00)

or Cancel Already have a watchlist? Log In

By Steve Goldstein

European stocks held to a tight range on Monday, pausing after a rally which has seen equities rise five of the last six weeks.

After rising 1.2% last week, the Stoxx Europe 600 /zigman2/quotes/210599654/delayed XX:SXXP +0.16% slipped 0.4%.

Asian markets edged lower on the latest coronavirus case rise, as Thailand banned dine-in services for a month, Malaysia extended a lockdown and control orders were imposed in Sydney, Australia.

U.S. stock futures /zigman2/quotes/209948968/delayed ES00 -0.0058% /zigman2/quotes/210219788/delayed NQ00 +0.02% were mixed, after the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.73% finished at a record high for the 31st time in 2021. Moves may be limited ahead of the release of Friday’s nonfarm payrolls data, which will further set expectations on Federal Reserve policy. Eric Rosengren, the president of the Boston Fed, told the Financial Times the U.S. cannot afford a boom-and-bust cycle in real estate.

The yield on the 10-year Treasury /zigman2/quotes/211347051/realtime BX:TMUBMUSD10Y 0.00% rose to 1.53%, as Republican senators welcomed remarks by President Joe Biden that he would not veto an infrastructure bill if a separate spending bill was not passed.

Nokia /zigman2/quotes/203672305/delayed FI:NOKIA -0.20% /zigman2/quotes/207421390/composite NOK 0.00% shares jumped 6.4%, catching up to a rally to its U.S.-listed stock after Goldman Sachs lifted its rating on the telecom equipment maker to buy from neutral.

Shares of U.K. luxury goods group Burberry /zigman2/quotes/205386705/delayed UK:BRBY -0.08% slumped 7% after Marco Gobbetti said he would be leaving the company at the end of the year to take the same role at leather goods maker Salvatore Ferragamo /zigman2/quotes/204256900/delayed IT:SFER -0.78% in his native Italy. Burberry said it has begun a search for his successor.

U.K. bakery Greggs /zigman2/quotes/205743109/delayed UK:GRG -0.19% rose 3% in early trading before losing some of those gains, after saying the sales recovery since its May 10 update was stronger than anticipated.

/zigman2/quotes/210599654/delayed
XX : STOXX
440.87
+0.71 +0.16%
Volume: 0.00
Aug. 12, 2022 11:03p
loading...
/zigman2/quotes/209948968/delayed
US : U.S.: CME
$ 4,280.75
-0.25 -0.0058%
Volume: 1.23M
Aug. 12, 2022 4:00p
loading...
/zigman2/quotes/210219788/delayed
US : U.S.: CME
$ 13,580.00
+2.25 +0.02%
Volume: 494,488
Aug. 12, 2022 4:00p
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,280.15
+72.88 +1.73%
Volume: 2.22B
Aug. 12, 2022 6:27p
loading...
/zigman2/quotes/211347051/realtime
add Add to watchlist BX:TMUBMUSD10Y
BX : Tullett Prebon
2.89
0.00 0.00%
Volume: 0.00
Aug. 12, 2022 5:10p
loading...
/zigman2/quotes/203672305/delayed
FI : Finland: Helsinki
5.06
-0.01 -0.20%
Volume: 7.46M
Aug. 12, 2022 6:29p
P/E Ratio
17.09
Dividend Yield
1.58%
Market Cap
€28.62 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/207421390/composite
US : U.S.: NYSE
$ 5.21
0.00 0.00%
Volume: 16.52M
Aug. 12, 2022 4:00p
P/E Ratio
15.63
Dividend Yield
0.56%
Market Cap
$29.32 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/205386705/delayed
UK : U.K.: London
1,796.00 p
-1.50 -0.08%
Volume: 599,341
Aug. 12, 2022 4:35p
P/E Ratio
18.38
Dividend Yield
2.62%
Market Cap
£7.08 billion
Rev. per Employee
£294,191
loading...
/zigman2/quotes/204256900/delayed
IT : Italy: Milan
17.73
-0.14 -0.78%
Volume: 164,917
Aug. 12, 2022 5:35p
P/E Ratio
31.91
Dividend Yield
1.92%
Market Cap
€2.99 billion
Rev. per Employee
€303,656
loading...
/zigman2/quotes/205743109/delayed
UK : U.K.: London
2,080.00 p
-4.00 -0.19%
Volume: 94,507
Aug. 12, 2022 4:35p
P/E Ratio
17.95
Dividend Yield
2.74%
Market Cap
£2.11 billion
Rev. per Employee
£54,739
loading...

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

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.