👀 Copy Legendary Investors' Portfolios in One ClickCopy For Free

European shares drop on inflation risk concerns; Lagarde speech eyed

Published 02/22/2021, 04:24 PM
Updated 02/22/2021, 04:40 PM
© Reuters.
DE40
-
FRVIA
-
STOXX
-
SX8P
-
SX3P
-

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
Feb 22 (Reuters) - European shares fell on Monday as
concerns over the risk of higher inflation due to a jump in
commodity prices tempered optimism around a vaccine-led economic
recovery.
The pan-European STOXX 600 index .STOXX was down 0.7% by
0810 GMT, led by declines in technology companies .SX8P and
food and beverage .SX3P stocks.
Germany's benchmark stock index .GDAXI dropped the most
among its European peers, down 1.1%.
Europe will decide whether to extend the suspension of its
rules limiting budget deficits and debt, known as the Stability
and Growth Pact (SGP), in coming weeks, the Commissioner for
Economy Paolo Gentiloni said. Britain's FTSE 100 dropped 0.4%, as Prime Minister Boris
Johnson plots a path out of COVID-19 lockdowns in an effort to
gradually reopen the battered economy. All eyes will be on European Central Bank President
Christine Lagarde's speech on stability, economic co-ordination
and governance in the EU later in the day.
In company news, French car parts maker Faurecia EPED.PA
lost 1.5% even after it targeted its sales close to 25 billion
euros ($30.29 billion) and an operating margin above 8% of sales
by 2025.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.