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European shares retreat as commodity stocks, virus concerns weigh

Published 01/11/2021, 04:21 PM
Updated 01/11/2021, 04:30 PM
© Reuters.

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
Jan 11 (Reuters) - European stocks slipped from over
10-month highs on Monday as investors booked profits after a
strong week, while surging coronavirus cases across the
continent and mainland China dragged down energy and mining
stocks.
The pan-European STOXX 600 index .STOXX fell 0.1% by 0810
GMT, with Germany's DAX index .GDAXI shedding 0.4% and
France's CAC 40 .FCHI down 0.2%.
Stock exchange operator Euronext ENX.PA said it had
resolved a technical issue that affected trading on futures
contracts tied to the CAC 40 FCEc1 . Germany reported an increase in coronavirus cases even as
most of Europe was under the strictest restrictions, while China
saw its biggest daily increase in infections in more than five
months. Oil majors BP BP.L , Royal Dutch Shell RDSa.L and Total
TOTF.PA fell as oil prices retreated on renewed fears around
global fuel demand amid rising cases. O/R
Mining stocks .SXPP shed 0.4% as a stronger dollar weighed
on commodity prices. MET/L
London's blue-chip index .FTSE was almost flat, with
shares in Britain's biggest sportswear retailer JD Sports JD.L
jumping 5​% after it forecast fiscal 2021 profit to be
"significantly ahead" of current market
expectations.

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