Bulletin
Investor Alert

Europe Markets Archives | Email alerts

Sept. 13, 2021, 7:49 a.m. EDT

Energy stocks lead European markets higher as crude and electricity prices rise

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
    Daimler AG (DAI)
  • X
    National Grid PLC (NG)

or Cancel Already have a watchlist? Log In

By Steve Goldstein

Oil and gas producers gained ground on Monday to lead European stocks higher.

The Stoxx Europe 600 /zigman2/quotes/210599654/delayed XX:SXXP +0.74% rose 0.7% to 469.75, with advancers including automaker Daimler /zigman2/quotes/201850364/delayed XE:DAI +0.52% , electricity operator National Grid /zigman2/quotes/208805676/delayed UK:NG -0.47% and oil producer TotalEnergies /zigman2/quotes/206172043/delayed FR:TTE +1.50% .

Crude futures /zigman2/quotes/211629951/delayed CL.1 +1.66% gained ground, and analysts at Bank of America said $100 prices could be reached depending on how cold the next winter will be . Wholesale power prices jumped in the U.K., as wind power has been weak.

Cyclical stocks more broadly enjoyed strong demand, with the construction and materials sector and financials also advancing.

Of the major regional indexes, the German DAX /zigman2/quotes/210597999/delayed DX:DAX +0.81% surged 1.1%, the French CAC 40 /zigman2/quotes/210597958/delayed FR:PX1 +0.63% increased 0.8% and the U.K. FTSE 100 /zigman2/quotes/210598409/delayed UK:UKX +0.37% increased 0.8%.

Valneva /zigman2/quotes/202377434/delayed FR:VLA 0.00% was an exception, slumping over 30% as the U.K. ended its €1.4 billion order for its coronavirus vaccine candidate.

/zigman2/quotes/210599654/delayed
XX : STOXX
469.39
+3.47 +0.74%
Volume: 0.00
Oct. 15, 2021 11:03p
loading...
/zigman2/quotes/201850364/delayed
XE : Germany: Xetra
83.65
+0.43 +0.52%
Volume: 2.68M
Oct. 15, 2021 6:30p
P/E Ratio
6.67
Dividend Yield
1.61%
Market Cap
€89.49 billion
Rev. per Employee
€534,902
loading...
/zigman2/quotes/208805676/delayed
UK : U.K.: London
897.20 p
-4.20 -0.47%
Volume: 8.00M
Oct. 15, 2021 4:35p
P/E Ratio
19.37
Dividend Yield
5.48%
Market Cap
£32.45 billion
Rev. per Employee
£624,034
loading...
/zigman2/quotes/206172043/delayed
FR : France: Euronext Paris
44.46
+0.66 +1.50%
Volume: 8.02M
Oct. 15, 2021 5:39p
P/E Ratio
21.28
Dividend Yield
5.94%
Market Cap
€117.37 billion
Rev. per Employee
€995,543
loading...
/zigman2/quotes/211629951/delayed
US : U.S.: Nymex
$ 82.66
+1.35 +1.66%
Volume: 244,384
Oct. 15, 2021 4:59p
loading...
/zigman2/quotes/210597999/delayed
DAX
DX : Xetra Indices
15,587.36
+124.64 +0.81%
Volume: 73,666
Oct. 15, 2021 6:30p
loading...
/zigman2/quotes/210597958/delayed
FR : France: Euronext Paris
6,727.52
+42.31 +0.63%
Volume: 84,105
Oct. 15, 2021 6:05p
loading...
/zigman2/quotes/210598409/delayed
UK : FTSE UK
7,234.03
+26.32 +0.37%
Volume: 695,483
Oct. 15, 2021 4:56p
loading...
/zigman2/quotes/202377434/delayed
FR : France: Euronext Paris
12.00
0.00 0.00%
Volume: 451,027
Oct. 15, 2021 5:35p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
€1.20 billion
Rev. per Employee
N/A
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.