European shares dip; UK vaccine approval limits losses on FTSE 100

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MG News | December 02, 2020 at 01:32 PM GMT+05:00

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December 2, 2020: European shares slipped on Wednesday as investors took stock following a near 14% rally last month, while shares in BioNTech surged after UK became the first country to approve its COVID-19 vaccine developed with Pfizer.

London's blue-chip index outperformed regional peers, losing just 0.1% after Britain said the vaccine will be rolled out from next week.

BioNtech's Frankfurt-listed shares jumped 8.4%, while Germany's benchmark DAX index fell 0.5% despite data showing a higher-than-expected rebound in retail sales in Europe's largest economy in October.

The pan-European STOXX 600 index was down 0.4% with oil stocks leading declines, as crude prices were hit by a surprise build up in oil inventories in the U.S. and as OPEC and its allies left markets in limbo about production in January.

Reuters

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0.52M
0.07%
97.54
ALLSHR 86,353.14
2.56M
0.11%
92.18
KSE30 42,653.96
0.21M
0.08%
35.35
KMI30 196,987.53
0.18M
0.04%
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KMIALLSHR 57,346.80
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OGTi 28,265.35
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0.18%
50.71
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 116,035.00 117,125.00
114,800.00
-1400.00
-1.19%
BRENT CRUDE 71.84 71.86
71.57
0.14
0.20%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
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USD RBD PALM OLEIN 998.50 998.50
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CRUDE OIL - WTI 69.37 69.46
69.13
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SUGAR #11 WORLD 16.35 16.61
16.28
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