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    European stocks ease from record high ahead of earnings season

    Synopsis

    The pan-European STOXX 600 index slipped 0.1 per cent by 0711 GMT, following Asian markets into the red as investors waited to see if U.S. earnings can justify sky-high valuations.

    European stocksGetty Images
    UK's domestically focussed FTSE mid 250 index inched 0.2 per cent lower, but hovered below a record high as shops, pubs, gyms and hairdressers reopened after three months of lockdown.
    European stocks eased from all-time highs on Monday as investors held off from making big bets ahead of the earnings season, while British retailers were set to reopen as the economy emerges from a strict winter lockdown.

    The pan-European STOXX 600 index slipped 0.1 per cent by 0711 GMT, following Asian markets into the red as investors waited to see if U.S. earnings can justify sky-high valuations. There were some concerns as COVID-19 cases continued to surge globally.

    UK's domestically focussed FTSE mid 250 index inched 0.2 per cent lower, but hovered below a record high as shops, pubs, gyms and hairdressers reopened after three months of lockdown.

    Airlines EasyJet and Ryanair fell close to 3 per cent after HSBC downgraded their stocks to "hold" from "buy".

    Italian diagnostics group DiaSorin SpA jumped 7.5 per cent after it said it will acquire U.S. based Luminex Corp for $1.8 billion in an all-cash deal.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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