Bulletin
Investor Alert

London Markets Close in:

Europe Markets Archives | Email alerts

April 19, 2021, 5:43 a.m. EDT

Stocks struggle for direction and bond rally continues with coronavirus situation worsening

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Johnson & Johnson (JNJ)
  • X
    AstraZeneca PLC (AZN)
  • X
    STOXX Europe 600 Index (SXXP)

or Cancel Already have a watchlist? Log In

By Steve Goldstein

European stocks inched higher while investors retreated into bonds, with the global coronavirus situation worsening and the vaccine rollout being hampered by safety concerns.

The global coronavirus tally reached a weekly record of 5.2 million infections, Bloomberg News reported, citing Johns Hopkins University data. The U.S. has halted use of pharmaceutical Johnson & Johnson’s /zigman2/quotes/201724570/composite JNJ +0.09% vaccine while investigating how it leads to blood-clot deaths, as many countries have limited drug company AstraZeneca’s /zigman2/quotes/203048482/delayed UK:AZN +1.91% shot over similar fears.

The virus concerns come as the U.S. reached the milestone of having more than half its adult population receiving at least one dose. The European vaccination campaign also is ramping higher after a slow start.

The Stoxx Europe 600 index /zigman2/quotes/210599654/delayed XX:SXXP +0.47% was fractionally higher, while U.S. stock futures /zigman2/quotes/209948968/delayed ES00 -1.31% edged lower after ending at a record on Friday. The yield on the 10-year U.S. Treasury /zigman2/quotes/211347051/realtime BX:TMUBMUSD10Y +3.27% fell to 1.56%. Yields move in the opposite direction to prices.

“The further decrease in U.S. yields last week shows that the bar for a continued selloff has been raised,” said analysts at Generali Investments, the fund management arm of the Italian insurer. U.S. economic data released last week showed a strong recovery, with retail sales rising nearly 10% in March.

The biggest market move was in the cryptocurrency space, with bitcoin /zigman2/quotes/31322028/realtime BTCUSD -1.55% sliding over the weekend.

Juventus Football Club /zigman2/quotes/200971889/delayed IT:JUVE +1.23% jumped 10% on a proposal for European soccer clubs to create a Super League. Manchester United /zigman2/quotes/205140601/composite MANU -1.75% rose in premarket trade on the proposal. Borussia Dortmund /zigman2/quotes/203440469/delayed XE:BVB -0.42% , which has yet to sign up, added 7%.

ABN Amro /zigman2/quotes/209088556/delayed NL:ABN -5.46% rose 1%, as the Dutch bank agreed to pay a €480 million fine after the Dutch Public Prosecution Service found serious shortcomings in its anti-money-laundering procedures.

The same investigation led Danske Bank Chief Executive Chris Vogelzang to resign, sending the Danish bank’s /zigman2/quotes/209678580/delayed DK:DANSKE 0.00% stock down 1%. Vogelzang held roles at ABN Amro including global retail and private banking activities. Vogelzang said Danske Bank is under “intense scrutiny,” particularly in relation to anti-money-laundering as a consequence of the still unresolved Estonian matter.

/zigman2/quotes/201724570/composite
US : U.S.: NYSE
$ 169.03
+0.15 +0.09%
Volume: 1.15M
May 12, 2021 11:07a
P/E Ratio
29.84
Dividend Yield
2.51%
Market Cap
$444.73 billion
Rev. per Employee
$613,918
loading...
/zigman2/quotes/203048482/delayed
UK : U.K.: London
7,778.00 p
+146.00 +1.91%
Volume: 1.27M
May 12, 2021 3:52p
P/E Ratio
34.00
Dividend Yield
2.66%
Market Cap
£100.19 billion
Rev. per Employee
£282,763
loading...
/zigman2/quotes/210599654/delayed
XX : STOXX
438.66
+2.05 +0.47%
Volume: 0.00
May 12, 2021 4:52p
loading...
/zigman2/quotes/209948968/delayed
US : U.S.: CME
$ 4,092.00
-54.20 -1.31%
Volume: 1.10M
May 12, 2021 9:57a
loading...
/zigman2/quotes/211347051/realtime
add Add to watchlist BX:TMUBMUSD10Y
BX : Tullett Prebon
1.67
+0.05 +3.27%
Volume: 0.00
May 12, 2021 11:06a
loading...
/zigman2/quotes/31322028/realtime
US : CoinDesk
56,059.95
-882.00 -1.55%
Volume: 0.00
May 12, 2021 11:06a
loading...
/zigman2/quotes/200971889/delayed
IT : Italy: Milan
0.70
+0.0085 +1.23%
Volume: 3.87M
May 12, 2021 4:45p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
€915.88 million
Rev. per Employee
€438,692
loading...
/zigman2/quotes/205140601/composite
US : U.S.: NYSE
$ 15.70
-0.28 -1.75%
Volume: 61,239
May 12, 2021 11:03a
P/E Ratio
N/A
Dividend Yield
1.15%
Market Cap
$2.60 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/203440469/delayed
XE : Germany: Xetra
5.88
-0.03 -0.42%
Volume: 170,060
May 12, 2021 4:52p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
€542.69 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/209088556/delayed
NL : Netherlands: Euronext Amsterdam
10.39
-0.60 -5.46%
Volume: 11.38M
May 12, 2021 4:52p
loading...
/zigman2/quotes/209678580/delayed
DK : Denmark: OMX
kr. 116.35
0.00 0.00%
Volume: 1.71M
May 12, 2021 4:52p
P/E Ratio
11.65
Dividend Yield
1.72%
Market Cap
kr.99.32 billion
Rev. per Employee
kr.6.11M
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.