Bulletin
Investor Alert

Europe Markets Archives | Email alerts

Jan. 27, 2021, 10:27 a.m. EST

European stocks track Wall Street lower with investors focused on Fed and big tech earnings

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

European stocks struggled on Wednesday, as losses for Wall Street weighed on sentiment, and investors waited for the outcome of a Federal Reserve meeting and technology company results.

The Stoxx Europe 600 index /zigman2/quotes/210599654/delayed XX:SXXP +0.89% slid 1.4% to 401.59, after a 0.6% gain on Tuesday. Elsewhere, the German DAX /zigman2/quotes/210597999/delayed DX:DAX +1.34% slumped 2.2%, the French CAC 40 /zigman2/quotes/210597958/delayed FR:PX1 +0.45% lost 1.7%, and the FTSE 100 index /zigman2/quotes/210598409/delayed UK:UKX +0.76% fell 1.6%.

After a slightly weaker close for Wall Street on Tuesday , U.S. stocks /zigman2/quotes/210599714/realtime SPX +0.74% /zigman2/quotes/210598065/realtime DJIA +0.66% /zigman2/quotes/210598365/realtime COMP +0.88% fell as trading began Wednesday . That is as computer software giant Microsoft /zigman2/quotes/207732364/composite MSFT +1.09% reported record earnings , hitting $40 billion in quarterly sales for the first time.

Investors are waiting on results from technology giants Apple /zigman2/quotes/202934861/composite AAPL +0.53% and Facebook /zigman2/quotes/205064656/composite FB -0.29% , along with electric-car maker Tesla /zigman2/quotes/203558040/composite TSLA +1.33% after the close of trading on Wednesday.

Investors will also get a decision from the Federal Reserve, followed by a news conference with Chair Jerome Powell, with hopes the central bank will continue with a supportive stance for markets amid the COVID-19 pandemic.

Global coronavirus virus infections topped the 100 million mark on Tuesday, according to a tally from Johns Hopkins University

The U.K. also reached a milestone on Tuesday, surpassing 100,000 COVID-19 deaths, the first European country to do so. Home Secretary Priti Patel is expected to announce new rules on Wednesday to limit the influx of visitors to the U.K.

Shares of Royal KPN /zigman2/quotes/200683801/delayed NL:KPN -1.06% jumped 2.6%, after the Dutch telecommunications company said fourth-quarter net profit more than doubled , boosted by one-off items. It also raised its cash-flow guidance for 2021.

Shares of Sanofi /zigman2/quotes/201967021/composite SNY +1.59% /zigman2/quotes/206928357/delayed FR:SAN +1.35% fell 1.6%. The pharmaceutical group said it would help BioNTech /zigman2/quotes/214419716/composite BNTX +9.35% produce the COVID-19 vaccine it is codeveloping with U.S. drug company Pfizer /zigman2/quotes/202877789/composite PFE +1.00% .

Sanofi said that it will continue to develop its two candidates against COVID-19. Sanofi and U.K. pharmaceutical group GlaxoSmithKline /zigman2/quotes/209463850/composite GSK +1.16% /zigman2/quotes/200381158/delayed UK:GSK +0.85% announced in December a delay of their joint COVID-19 vaccine, after the first trials showed an insufficient response in older patients.

Read: Tensions rise in Europe on AstraZeneca COVID-19 vaccine woes

EDF /zigman2/quotes/201783867/delayed FR:EDF +0.55% shares fell 2.8%, after the French utility released an updated schedule and cost estimates for the Hinkley Point C nuclear power station, saying it sees a delay and higher costs due to the pandemic.

Shares of technology firm ASML /zigman2/quotes/210293876/composite ASML +2.21% /zigman2/quotes/206208657/delayed NL:ASML +2.66% were down 1.6%.

Another big decliner was Danish shipping giant A.P. Moller-Maersk /zigman2/quotes/208739220/delayed DK:MAERSK.A -0.98% , whose shares fell 6%.

There were outsized gainers, which some attributed to big gains seen recently for U.S.-based videogames retailer GameStop /zigman2/quotes/203755179/composite GME +0.06% and movie-theater chain AMC Entertainment /zigman2/quotes/200235402/composite AMC +5.67% . The moves come as retail investors, organizing via forums such as Reddit’s WallStreetBets, have sought to boost a group of heavily shorted stocks.

A number of short positions on European stocks were under attack, with shares in French real-estate investment trust Klépierre /zigman2/quotes/205805944/delayed FR:LI +0.22% climbing nearly 20%, leading the Stoxx Europe 600’s best performers on Wednesday.

Read: GameStop inspired? Some of Europe’s most heavily shorted stocks are soaring

/zigman2/quotes/210599654/delayed
XX : STOXX
444.93
+3.91 +0.89%
Volume: 0.00
May 7, 2021 11:03p
loading...
/zigman2/quotes/210597999/delayed
DAX
DX : Xetra Indices
15,399.65
+202.91 +1.34%
Volume: 74,562
May 7, 2021 6:30p
loading...
/zigman2/quotes/210597958/delayed
FR : France: Euronext Paris
6,385.51
+28.42 +0.45%
Volume: 78,606
May 7, 2021 6:05p
loading...
/zigman2/quotes/210598409/delayed
UK : FTSE UK
7,129.71
+53.54 +0.76%
Volume: 0.00
May 7, 2021 4:59p
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,232.60
+30.98 +0.74%
Volume: 2.05B
May 7, 2021 5:15p
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,777.76
+229.23 +0.66%
Volume: 311.63M
May 7, 2021 5:15p
loading...
/zigman2/quotes/210598365/realtime
US : Nasdaq
13,752.24
+119.39 +0.88%
Volume: 3.97M
May 7, 2021 5:16p
loading...
/zigman2/quotes/207732364/composite
US : U.S.: Nasdaq
$ 252.46
+2.73 +1.09%
Volume: 27.03M
May 7, 2021 4:00p
P/E Ratio
34.36
Dividend Yield
0.89%
Market Cap
$1880.86 billion
Rev. per Employee
$877,393
loading...
/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 130.21
+0.69 +0.53%
Volume: 78.97M
May 7, 2021 4:00p
P/E Ratio
29.22
Dividend Yield
0.68%
Market Cap
$2165.05 billion
Rev. per Employee
$1.86M
loading...
/zigman2/quotes/205064656/composite
US : U.S.: Nasdaq
$ 319.08
-0.94 -0.29%
Volume: 15.92M
May 7, 2021 4:00p
P/E Ratio
27.30
Dividend Yield
N/A
Market Cap
$907.41 billion
Rev. per Employee
$1.47M
loading...
/zigman2/quotes/203558040/composite
US : U.S.: Nasdaq
$ 672.37
+8.83 +1.33%
Volume: 23.47M
May 7, 2021 4:00p
P/E Ratio
672.98
Dividend Yield
N/A
Market Cap
$639.21 billion
Rev. per Employee
$445,694
loading...
/zigman2/quotes/200683801/delayed
NL : Netherlands: Euronext Amsterdam
2.80
-0.03 -1.06%
Volume: 17.24M
May 7, 2021 5:38p
P/E Ratio
21.00
Dividend Yield
4.64%
Market Cap
€11.89 billion
Rev. per Employee
€522,966
loading...
/zigman2/quotes/201967021/composite
US : U.S.: Nasdaq
$ 51.82
+0.81 +1.59%
Volume: 2.16M
May 7, 2021 4:00p
P/E Ratio
9.46
Dividend Yield
2.61%
Market Cap
$127.32 billion
Rev. per Employee
$413,288
loading...
/zigman2/quotes/206928357/delayed
FR : France: Euronext Paris
85.44
+1.14 +1.35%
Volume: 1.46M
May 7, 2021 5:36p
P/E Ratio
8.74
Dividend Yield
3.75%
Market Cap
€105.58 billion
Rev. per Employee
€362,542
loading...
/zigman2/quotes/214419716/composite
US : U.S.: Nasdaq
$ 183.71
+15.71 +9.35%
Volume: 4.46M
May 7, 2021 4:00p
P/E Ratio
1,753
Dividend Yield
N/A
Market Cap
$40.58 billion
Rev. per Employee
$283,276
loading...
/zigman2/quotes/202877789/composite
US : U.S.: NYSE
$ 39.58
+0.39 +1.00%
Volume: 33.81M
May 7, 2021 4:02p
P/E Ratio
23.15
Dividend Yield
3.94%
Market Cap
$218.61 billion
Rev. per Employee
$533,860
loading...
/zigman2/quotes/209463850/composite
US : U.S.: NYSE
$ 38.35
+0.44 +1.16%
Volume: 3.00M
May 7, 2021 4:00p
P/E Ratio
14.21
Dividend Yield
5.21%
Market Cap
$93.25 billion
Rev. per Employee
$464,855
loading...
/zigman2/quotes/200381158/delayed
UK : U.K.: London
1,355.60 p
+11.40 +0.85%
Volume: 3.73M
May 7, 2021 4:35p
P/E Ratio
12.98
Dividend Yield
5.90%
Market Cap
£67.14 billion
Rev. per Employee
£362,501
loading...
/zigman2/quotes/201783867/delayed
FR : France: Euronext Paris
11.80
+0.07 +0.55%
Volume: 1.96M
May 7, 2021 5:35p
P/E Ratio
236.00
Dividend Yield
1.78%
Market Cap
€36.32 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/210293876/composite
US : U.S.: Nasdaq
$ 658.57
+14.23 +2.21%
Volume: 573,866
May 7, 2021 4:00p
P/E Ratio
52.11
Dividend Yield
0.42%
Market Cap
$266.10 billion
Rev. per Employee
$567,632
loading...
/zigman2/quotes/206208657/delayed
NL : Netherlands: Euronext Amsterdam
543.90
+14.10 +2.66%
Volume: 674,120
May 7, 2021 5:35p
P/E Ratio
50.57
Dividend Yield
0.51%
Market Cap
€220.67 billion
Rev. per Employee
€497,934
loading...
/zigman2/quotes/208739220/delayed
add Add to watchlist DK:MAERSK.A
DK : Denmark: OMX
kr. 15,200.00
-150.00 -0.98%
Volume: 6,975
May 7, 2021 4:59p
P/E Ratio
16.23
Dividend Yield
2.17%
Market Cap
kr.305.63 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/203755179/composite
US : U.S.: NYSE
$ 161.11
+0.10 +0.06%
Volume: 2.93M
May 7, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$11.39 billion
Rev. per Employee
$424,150
loading...
/zigman2/quotes/200235402/composite
US : U.S.: NYSE
$ 9.51
+0.51 +5.67%
Volume: 38.24M
May 7, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$4.05 billion
Rev. per Employee
$43,642
loading...
/zigman2/quotes/205805944/delayed
FR : France: Euronext Paris
22.28
+0.05 +0.22%
Volume: 1.15M
May 7, 2021 5:35p
P/E Ratio
N/A
Dividend Yield
6.07%
Market Cap
€6.23 billion
Rev. per Employee
€1.32M
loading...

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.