financetom
World
financetom
/
World
/
European shares open lower as tech losses weigh
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
European shares open lower as tech losses weigh
Jun 21, 2024 1:05 AM

(For a Reuters live blog on U.S., UK and European stock

markets, click or type LIVE/ in a news window)

June 21 (Reuters) - European shares opened lower on

Friday, with technology shares at the helm of the selloff, while

Danish brewer Carlsberg Group slumped after British soft drinks

maker Britvic ( BTVCF ) rejected its $3.9 billion revised takeover

proposal.

The pan-European STOXX 600 was down 0.2%, as of

0715 GMT, with the technology sub-index losing 0.6%

after rising nearly 2% in the previous session.

The construction and materials sector slipped 0.7%,

while retail shed 0.5% as British discount chain B&M

fell 1.8% after Morgan Stanley lowered its rating to

"underweight" from "equal-weight".

The European benchmark was still on track for modest weekly

gains, following a more than 2% drop last week when markets were

rattled after French President Emmanuel Macron had called for a

snap parliamentary election.

Among other stocks, Denmark's Zealand Pharma,

jumped 23.1% after an early-stage study showed a high dose of

its drug helped reduce weight by an average 8.6% after 16 weekly

doses.

Carlsberg Group dropped nearly 6% after Britvic ( BTVCF )

rejected its takeover bid, citing that the proposal

"significantly undervalued" the group and its prospects. Shares

of Britvic ( BTVCF ) jumped 14.4%.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Ukraine's GDP warrants, Ukrenergo bonds rally to pre-Russia invasion levels
Ukraine's GDP warrants, Ukrenergo bonds rally to pre-Russia invasion levels
Jul 23, 2024
LONDON, July 23 (Reuters) - Two fixed income instruments issued by Ukraine's government and its state power firm that were not included in a restructuring proposal this week surged for a second day on Tuesday to reach pre-invasion levels, according to Tradeweb data Ukraine's GDP warrants gained 2 cents on the dollar to bid at 57.78 cents, the data showed,...
Asian Equities Traded in the US as American Depositary Receipts Trend Lower in Tuesday Trading
Asian Equities Traded in the US as American Depositary Receipts Trend Lower in Tuesday Trading
Jul 23, 2024
10:48 AM EDT, 07/23/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were trending lower Tuesday morning, declining 0.32% to 1,979.89 on the S&P Asia 50 ADR Index. From North Asia, the gainers were led by ad agency iClick Interactive Asia Group ( ICLK ) and automotive ecommerce platform TuanChe ( TC ) , which...
CANADA STOCKS-TSX opens lower as energy shares weigh
CANADA STOCKS-TSX opens lower as energy shares weigh
Jul 23, 2024
July 23 (Reuters) - Canada's main stock index opened lower on Tuesday as a dip in crude prices hurt energy stocks, while investors also awaited the Bank of Canada's monetary policy decision later in the week. At 9:32 a.m. ET (1332 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 42.42 points, or 0.18%, at 22,834.56 at open. ...
CEE MARKETS-Forint eases as Hungarian rate setters cut further
CEE MARKETS-Forint eases as Hungarian rate setters cut further
Jul 23, 2024
(Updates with latest figures) WARSAW, July 23 (Reuters) - The forint eased on Tuesday, backing further away from a 1-1/2 month high as the Hungarian central bank lowered rates extended a long-running rate easing cycle. Hungary's central bank cut its base rate by 25 basis points to 6.75% on Tuesday, as expected by a slim majority of economists who had...
Copyright 2023-2025 - www.financetom.com All Rights Reserved