Trading
European shares flat after Christmas break; set for modest weekly gains
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(Reuters) – Europe’s main stock index opened flat on Friday after a two-day holiday, but its modest gains earlier in the week have kept it on course to snap a two-week losing streak.
(Reuters) – Europe’s main stock index opened flat on Friday after a two-day holiday, but its modest gains earlier in the week have kept it on course to snap a two-week losing streak.
The pan-European STOXX 600 was flat at 504.56 by 0811 GMT, leaving it with a 0.3% gain in the holiday-disrupted week.
Across the region, Germany’s DAX shed 0.2%, as did Britain’s FTSE 100, while France’s CAC 40 was flat.
On the day, the energy sector led sectoral gains with a 0.3% increase, in tandem with oil prices. [O/R]
Among stocks, Deliver Hero fell nearly 7% after Taiwan Fair Trade Commission blocked the German online takeaway food company’s sale of its Foodpanda business in the country to Uber, arguing it would decrease competition.
(Reporting by Pranav Kashyap in Bengaluru; Editing by Savio D’Souza)
The STOXX 600 is a stock index that represents large, mid, and small capitalization companies across 17 European countries, providing a comprehensive view of the European equity market.
The DAX is a stock market index that represents 30 of the largest and most liquid German companies traded on the Frankfurt Stock Exchange.
The FTSE 100 is a stock market index that represents the 100 largest companies listed on the London Stock Exchange, reflecting the performance of the UK stock market.
The CAC 40 is a benchmark French stock market index that tracks the 40 largest companies listed on the Euronext Paris stock exchange.
The energy sector encompasses companies involved in the production and distribution of energy, including oil, gas, and renewable energy sources.
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