{"id":112272,"date":"2021-02-11T04:58:47","date_gmt":"2021-02-11T04:58:47","guid":{"rendered":"https:\/\/precoinnews.com\/?p=112272"},"modified":"2021-02-11T04:58:47","modified_gmt":"2021-02-11T04:58:47","slug":"european-shares-dip-after-strong-rally-total-rises","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/european-shares-dip-after-strong-rally-total-rises\/","title":{"rendered":"European shares dip after strong rally, Total rises"},"content":{"rendered":"

(Reuters) – European shares dipped on Tuesday as a recent rally powered by hopes of a swifter global economic recovery and vaccine roll-outs showed signs of cooling, while shares in French oil major Total rose after its earnings recovered in the fourth quarter.<\/p>

FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, February 8, 2021. REUTERS\/Staff<\/figcaption>

Total SE rose 1.9% after the company said its earnings recovered in the fourth quarter as oil prices stabilised, although a hit from writedowns on assets due to the COVID-19 pandemic plunged it to a $7.2 billion net loss for 2020 as a whole.<\/p>\n

The STOXX 600 index fell 0.1%, after gaining nearly 4% so far this month against the backdrop of steady vaccine roll-outs globally and expectations that a massive stimulus package will soon be passed by U.S. lawmakers.<\/p>\n

Early trading showed European defensive sectors including food & beverage, personal & household and healthcare among top gainers.<\/p>\n

However, analysts say international investors are looking towards European equities as an attractive investment with corporate earnings showing signs of improvement and on multi-billion dollar deal-making activity recently.<\/p>\n

\u201cThere is this view that Europe is getting a bump in business investment which I think is right, because when that consumer spending is unleashed, it will lift corporate profits, which have so far been the field indicators of business investments,\u201d said Mike Bell, global market strategist at J.P. Morgan Asset Management.<\/p>\n

Germany\u2019s DAX index was down 0.2% even as data showed German exports rose in December as robust trade with China and the United States helped.<\/p>\n

HeidelbergCement gained 0.4% after the world\u2019s No.2 cement maker identified five assets to sell in a review of its business and had a good start to 2021, its chief executive officer told Reuters.<\/p>\n

Nestle rose 0.5% after the company said its Gerber baby cereal products made and sold in China are safe and it had reported to authorities an association that advised its members, in a post on social media, to stop selling the products.<\/p>\n

French reinsurer Scor rose 2.8% on reporting a rise in its renewals of contracts and premiums, and added it was sticking to its earlier financial targets for growth and profits.<\/p>\n

TUI Group shed 0.6% after the world\u2019s biggest holiday company sunk to a 699 million euros ($844 million) loss in its first quarter.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

(Reuters) – European shares dipped on Tuesday<\/p>\n","protected":false},"author":3,"featured_media":112271,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23054],"tags":[],"yoast_head":"\nEuropean shares dip after strong rally, Total rises - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/markets\/european-shares-dip-after-strong-rally-total-rises\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"European shares dip after strong rally, Total rises - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"(Reuters) – European shares dipped on Tuesday\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/markets\/european-shares-dip-after-strong-rally-total-rises\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-11T04:58:47+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/02\/cnewsfotor169.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/markets\/european-shares-dip-after-strong-rally-total-rises\/\",\"url\":\"https:\/\/precoinnews.com\/markets\/european-shares-dip-after-strong-rally-total-rises\/\",\"name\":\"European shares dip after strong rally, Total rises - 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