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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 +0.13% 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 -3.71% 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 -0.90% , Deutsche Lufthansa /zigman2/quotes/201210530/delayed XE:LHA -6.04% and Wizz Air Holdings /zigman2/quotes/210449062/delayed UK:WIZZ -3.54% losing ground.

Of the major regional indexes, the German DAX /zigman2/quotes/210597999/delayed DX:DAX -0.14% declined 0.5%, the French CAC 40 /zigman2/quotes/210597958/delayed FR:PX1 +0.09% declined 0.4%, and the U.K. FTSE 100 /zigman2/quotes/210598409/delayed UK:UKX -0.15% declined 0.2%.

Marks & Spencer /zigman2/quotes/206225481/delayed UK:MKS -1.52% 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
469.19
+0.61 +0.13%
Volume: 0.00
Oct. 20, 2021 3:20p
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/zigman2/quotes/203434344/delayed
XE : Germany: Xetra
182.96
-7.04 -3.71%
Volume: 1.14M
Oct. 20, 2021 3:20p
P/E Ratio
5.20
Dividend Yield
2.66%
Market Cap
€118.69 billion
Rev. per Employee
€336,391
loading...
/zigman2/quotes/206578865/delayed
XE : Germany: Xetra
66.38
-0.60 -0.90%
Volume: 53,863
Oct. 20, 2021 3:18p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
€6.38 billion
Rev. per Employee
€106,617
loading...
/zigman2/quotes/201210530/delayed
XE : Germany: Xetra
5.41
-0.35 -6.04%
Volume: 17.47M
Oct. 20, 2021 3:20p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
€7.05 billion
Rev. per Employee
€123,463
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/zigman2/quotes/210449062/delayed
UK : U.K.: London
4,303.00 p
-158.00 -3.54%
Volume: 140,464
Oct. 20, 2021 2:19p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
£4.66 billion
Rev. per Employee
£166,524
loading...
/zigman2/quotes/210597999/delayed
DAX
DX : Xetra Indices
15,493.94
-21.89 -0.14%
Volume: 25,490
Oct. 20, 2021 3:20p
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/zigman2/quotes/210597958/delayed
FR : France: Euronext Paris
6,675.86
+6.01 +0.09%
Volume: 27,112
Oct. 20, 2021 3:20p
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/zigman2/quotes/210598409/delayed
UK : FTSE UK
7,206.59
-10.94 -0.15%
Volume: 232,445
Oct. 20, 2021 2:20p
loading...
/zigman2/quotes/206225481/delayed
UK : U.K.: London
180.90 p
-2.80 -1.52%
Volume: 1.14M
Oct. 20, 2021 2:19p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£3.56 billion
Rev. per Employee
£131,430
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