{"id":7245,"date":"2021-02-05T18:57:10","date_gmt":"2021-02-05T18:57:10","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/02\/05\/european-stocks-fail-to-hold-gains-close-on-mixed-note\/"},"modified":"2021-02-05T18:57:10","modified_gmt":"2021-02-05T18:57:10","slug":"european-stocks-fail-to-hold-gains-close-on-mixed-note","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/02\/05\/european-stocks-fail-to-hold-gains-close-on-mixed-note\/","title":{"rendered":"European Stocks Fail To Hold Gains, Close On Mixed Note"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European <span class=\"landLinks\">markets<\/span> ended on a mixed note on Friday despite spending much of the day&#8217;s session in positive territory, with investors reacting to a slew of corporate earnings reports, economic data and updates on vaccination drive.<\/p>\n<p>Optimism about additional U.S. fiscal stimulus, momentum in vaccination and reports showing a drop in new <span class=\"landLinks\">coronavirus<\/span> cases lifted stock prices, while profit taking wiped off gains towards the closing minutes.<\/p>\n<p>The pan European Stoxx 600 ended flat. The U.K.&#8217;s FTSE 100 ended down 0.22%, Germany&#8217;s DAX edged down 0.03% and France&#8217;s CAC 40 surged up 0.9%, while Switzerland&#8217;s SMI tumbled 0.97%.<\/p>\n<p>The CAC 40 gained about 4.65% in the week, the FTSE 100 advanced 1.4% and the DAX posted a gain of 4.6%.<\/p>\n<p>Among other markets in Europe, Austria, Belgium, Czech Republic, Denmark, Greece, Iceland, Poland, Portugal, Russia and Spain moved higher.<\/p>\n<p>Finland, Netherlands, Norway, Sweden and Turkey ended weak. Ireland closed flat.<\/p>\n<p>In the UK market, Whitbread, Glencore, Natwest Group, British Land, Pershing Square, Fresnillo, Barratt Developments, Royal Dutch Shell, Burberry Group, Lloyds Banking, IAG and JD Sports Fashion ended stronger by 2 to 5.3%.<\/p>\n<p>On the other hand, Johnson Matthey, Experian, DCC, National Grid, Aviva, Ashtead Group, Pennon Group and Unilever ended lower by 2 to 4.3%.<\/p>\n<p>In the French market, Vinci gained nearly 6% after the company said it expects contracting <span class=\"landLinks\">business<\/span> to achieve growth in business levels and earnings.<\/p>\n<p>Renault, Accor, Societe Generale, LOreal, Essilor, Carrefour, Michelin, Publicis Groupe, ArcelorMittal, Technip and Credit Agricole ended sharply higher.<\/p>\n<p>BNP Paribas climbed 2.6% after the company reported upbeat earnings and announced a dividend of pay out of 1.11 euros per share.<\/p>\n<p>Sanofi shares moved up sharply after the company said it expects higher earnings in the current year.<\/p>\n<p>In the German market, Bayer, Deutsche Post, Beiersdorf, Daimler, Infineon Technologies, Adidas, Fresenius and Linde posted strong gains, while Siemens, SAP, Volkswagen, Deutsche Telekom, Deutsche Bank and Deutsche Wohnen slid 1 to 2%.<\/p>\n<p>In economic news, German factory orders were down 1.9% month-on-month in December, reversing a 2.7% rise in November, data from Destatis revealed.<\/p>\n<p>In the U.K., house prices fell 0.3% in January from a month earlier as the market appeared to lose momentum following a stimulus-fueled surge last year, according to mortgage lender Halifax.<\/p>\n<p>France&#8217;s current account deficit narrowed in the fourth quarter, thanks to a smaller shortfall in non-energy goods, the Bank of France said Friday. The current account deficit halved to EUR 7.5 billion from EUR 13.2 billion in the third quarter.<\/p>\n<p>French payroll employment declined only moderately in the fourth quarter despite the <span class=\"landLinks\">health<\/span> crisis and second lockdown after a sharp rebound in the summer, flash data from the statistical office Insee showed.<\/p>\n<p>Private payroll employment dropped 0.2%, or 39,600 in the fourth quarter. Payroll employment remained below its pre-crisis level. Over the whole year of 2020, payroll employment decreased 1.8 percent, or 360,500, after five years of successive increases. <\/p>\n<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>European Stocks Fail To Hold Gains, Close On Mixed Note<\/a><br \/>\n<br \/>2021-02-05 18:57:10<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European markets ended on a mixed note on Friday despite spending much of the day&#8217;s session in positive territory, with investors reacting to a slew of corporate earnings reports, economic&#8230;<\/p>\n","protected":false},"author":2,"featured_media":7246,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-7245","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/7245","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=7245"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/7245\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/7246"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=7245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=7245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=7245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}