European stocks ease from record high ahead of earnings season

  • Reuters
  • Stock Market News
European stocks ease from record high ahead of earnings season

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

April 12 (Reuters) - European stocks eased from all-time highs on Monday as investors held off from making big bets ahead of the earnings season, while British retailers were set to reopen as the economy emerges from a strict winter lockdown.

The pan-European STOXX 600 index .STOXX slipped 0.1% by 0711 GMT, following Asian markets into the red as investors waited to see if U.S. earnings can justify sky-high valuations. There were some concerns as COVID-19 cases continued to surge globally. MKTS/GLOB

UK's domestically focussed FTSE mid 250 index .FTMC inched 0.2% lower, but hovered below a record high as shops, pubs, gyms and hairdressers reopened after three months of lockdown. EasyJet EZJ.L and Ryanair RYA.I fell close to 3% after HSBC downgraded their stocks to "hold" from "buy".

Italian diagnostics group DiaSorin SpA DIAS.MI jumped 7.5% after it said it will acquire U.S. based Luminex Corp LMNX.O for $1.8 billion in an all-cash deal.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100

Related Articles