European stocks fall as investors wait for US employment data

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European stocks fell as Covid-19’s concerns continued in a cautious deal on Friday, and investors were waiting for a very important US employment report in search of clues to the pace of US rate hikes.

WHO Chief Tedros Adhanom Ghebreyesus argued that the Omicron variant of Covid-19 kills people around the world and should not be dismissed as mild.

Germany’s industrial output fell 0.2% month-on-month in November and increased 2.4% in October, according to Destatis. Economists predicted that production would increase by 1%.

On an annual basis, industrial production fell 2.4% after a 0.9% decline last month.

Inflation in UK home prices accelerated sharply at the end of 2021, but Lloyds Banking subsidiaries Halifax and IHS Markit are expected to raise interest rates further and put more pressure on households this year. Meanwhile, the pace will slow down.

The house price index rose 9.8% year-on-year after rising 8.2% in November. The latest home price inflation rate was the highest since July 2007.
The Pan-European STOXX 600 fell 0.3% to 486.89 after falling 1.3% in the previous session.

Germany’s DAX fell 0.3% and France’s CAC 40 index fell 0.2%, while the UK’s FTSE 100 remained largely unchanged with a positive bias.

Travel stocks were under selling pressure as Air France-KLM, Lufthansa and easyJet fell between 0.5% and 1%.

Elekta fell 2.7%. The Swedish company has announced that it will appoint Tobias Hägglöv as Chief Financial Officer on February 1, 2022.

Franco Italian chip maker STMicroelectronics surged 5.8% after reporting higher-than-expected sales in the fourth quarter.

Shipping company Clarkson surged 4.1% in London after announcing that December trading was stronger than expected.

Aston Martin Lagonda rose 3%. Luxury car companies have said they have begun shipping more than £ 2 million of Valkyrie hypercars to their customers late as they renewed their financial wealth.

Escentra, a supplier of plastics and textiles, rose about 1 percent after saying it plans to report results.

Deutsche Bank, a German lender, rose slightly after saying it was confident that it could meet its key earnings targets this year.

MorphoSys AG fell nearly 4%. Biotechnology companies reported that Monjubi’s interim net product sales in the United States were $ 23.6 million in the fourth quarter and $ 79.1 million for the full year 2021.

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European stocks fall as investors wait for US employment data

Source link European stocks fall as investors wait for US employment data

The post European stocks fall as investors wait for US employment data appeared first on Eminetra.

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