European shares slip as miners, travel stocks weigh

By MG News | March 10, 2021 at 02:00 PM GMT+05:00

0:00

March 10, 2021: European stocks pulled back on Wednesday after surging close to pre-pandemic levels a day earlier, as worries about rising inflation kept investors on edge, with mining and travel stocks leading the retreat.

The pan-European STOXX 600 index fell 0.3% by 0810 GMT, after hitting its highest level since late February 2020 on Tuesday.

Economically sensitive sectors such as miners, travel & leisure, and industrial companies led the declines in Europe, while telecoms and real estate stocks edged higher.

Meanwhile, data showed China's factory-gate prices rose at the fastest pace since November 2018 in February.

Among individual stocks, Zara-owner Inditex slipped 1.2% after it reported a 70% fall in 2020 net profit as a year of global lockdowns kept many of its shops shut.

Just Eat Takeaway.com rose 2.9% after the food-ordering company said it expected further growth in 2021.

Reuters

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BITCOIN FUTURES	106,345.00	106,945.00 105,955.00	600.00 0.57%
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ROTTERDAM COAL MONTHLY	103.45	103.45 103.45	-1.00 -0.96%
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CRUDE OIL - WTI	65.31	65.41 65.00	0.94 1.46%
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