European stocks almost fall

European stocks fell almost on Wednesday, mainly as investors made cautious moves amid concerns about a surge. Coronavirus Cases in some countries and vaccinations in parts of the continent are rather slow.

Investors responded to the latest economic data in the euro area and were looking forward to the minutes of the Fed’s latest policy meeting.

The European STOXX 600 in the pot slipped 0.22%. Germany’s DAX fell 0.24%, France’s CAC 40 fell 0.01%, Switzerland’s SMI fell 0.49%, and the UK’s FTSE 100 rose 0.91%.

Above all market Sales were sluggish in Europe, Belgium, the Czech Republic, Denmark, Ireland, the Netherlands, Norway, Poland, Spain and Turkey.

Austria and Sweden fell slightly, but Finland, Greece, Iceland, Portugal and Russia ended at highs.

In the UK market, just eat takeout has risen by more than 5%. Smith DS, Informa, Pershing Square Holdings, Persimmon, BT Group, Smurfit Kappa Group, M & G, Land Securities, Bunzl, Aveva Group, Legal & General, CRH, BHP Group, Rio Tinto and BP increased by 1.8-3%.

Meanwhile, Flutter Entertainment, Renishaw, Weir Group, and Avast finished weakly.

AstraZeneca’s share price fell after Oxford University announced that it would stop testing its Covid vaccine for children and teenagers. The European Medicines Agency reportedly stated that there may be a link between AstraZeneca’s coronavirus vaccine and the rare blood clotting problem in adults who received injections.

In the French market, Accor, ArcelorMittal, Hermes International, Renault, Essilor and Technip plummeted, while Air France-KLM, Atos, Unibail-Rodamco, Worldline and Danone soared.

Societe Generale ended flat. The bank said it has begun talks with asset management firm Amundi to dispose of its asset management activities run by Rixer.

In Germany, Volkswagen has fallen by more than 2%. Adidas, Covestro, ThyssenKrupp and Merck were also significantly sluggish.

Meanwhile, Lufthansa, Beiersdorf, Deutsche Wohnen, Munich Re, Deutsche Bank and Henkel increased by 1-3%.

In economic news, the eurozone private sector returned to growth in March, supported by record increases in manufacturing production, IHS Markit’s final survey data show. According to the data, the final combined output index rose from 48.8 in February to 53.2 in March. The score also exceeded the flash estimate of 52.5.

The second fastest increase in private sector production in two and a half years was due to a surge in manufacturing production, the strongest of nearly 24 years of data collection.

Meanwhile, service production declined again, but at the slowest rate in the current seven-month shrinking sequence. The final service, Purchasing Managers’ Index, rose from 45.7 a month ago to 49.6. The flash reading was 48.8.

According to final data from IHS Markit, the UK services sector recorded a strong recovery in March due to increased activity, new orders and jobs since February.

The Service Purchasing Manager index rose from 49.5 in February to 56.3. The flash reading was 56.8.

The score exceeded the unchanged level of 50.0 for the first time since October 2020. The latest measurements also showed the fastest power magnification in 7 months.

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European stocks almost fall

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