The pan-European STOXX 600 index fell on Tuesday in cautious trading, as declines in technology and chemicals stocks offset a rise in commodity-linked stocks spurred by hopes Beijing can ease restrictions. against Covid-19 after recent protests.
The STOXX 600 ended a volatile session down 0.13% to 437.29 points after rising as much as 0.53%.
China issued a warning to increase Covid-19 vaccinations for the elderly, while a senior health official said public grievances stemmed from overzealous implementation rather than the measures themselves.
European miners and oil majors gained 2.7% and 1.8%, respectively, and tracked metals and crude oil prices, while technology and chemicals shares fell 1.2% and 1.7%.
“(There is) reason for optimism because there has not been an immediate crackdown (in China),” said Danni Hewson, financial analyst at AJ Bell.
Investors were also wary of a slew of economic data due this week, including euro zone inflation on Wednesday and a US jobs report on Friday.
Preliminary Eurozone inflation figures for November are expected to show a slowdown in year-on-year price increases to 10.4% from a record 10.6%.
- In LONDON, the Financial Times index advanced 0.51%, to 7,512.00 points.
- In FRANKFURT, the DAX index fell 0.19% to 14,355.45 points.
- In PARIS, the CAC-40 index gained 0.06% to 6,668.97 points.
- In MILAN, the Ftse/Mib index appreciated by 0.10%, at 24,465.95 points.
- In MADRID, the Ibex-35 index remained stable at 8,322.10 points.
- In LISBON, the PSI20 index appreciated by 0.20%, to 5,830.42 points.
Source: CNN Brasil
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