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Home»News»European stocks fell from record highs after gaining eight sessions
European stocks fell from record highs after gaining eight sessions
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European stocks fell from record highs after gaining eight sessions

Nadia BarnettBy Nadia BarnettNovember 10, 2021No Comments2 Mins Read
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European stocks fell from record highs after gaining eight sessions© Reuters. Screen showing the movement of the German DAX index on the Frankfurt Stock Exchange on November 5, 2021. Image: Reuters.

(Reuters) – European stock markets fell from record highs on Tuesday, despite strong corporate profits and limited losses in hopes of an economic recovery, with investors expecting new signals from economic data this week.

The European index closed 0.2 percent lower at 482.71 points, close to its record high last week.

Insurance companies were the biggest losers as the index fell 0.8 percent.

Shares of banking stocks fell 0.9 percent, while shares of basic resource companies fell 1.1 percent as bond yields observed a decline.

In the first week of this month, the Stoxx 600 recorded gains in eight consecutive sessions and the French index and German index set new records, supported by strong corporate earnings and the European Central Bank’s compliance policy.

Investors are now waiting for inflation data in Germany and industrial output data in the region.

Retail stocks gained more in Tuesday’s session, with its index rising 1.2 percent, while the decline in bond yields helped real estate stocks rise 0.6 percent.

(Produced by Waqti Al-Alfi for the Arabic Bulletin)

Explanation of risks: Fusion Media I would like to remind you that the data on this website is not real-time or accurate. All CFDs (stocks, indices, futures) and forex prices are not provided by exchanges but by market makers, so prices may be inaccurate and may differ from the actual market price, i.e. prices may not be indicative and applicable for trading purposes. Therefore Fusion Media will not be liable for any business losses incurred by you for using this data.

Fusion Media Or anyone associated with Fusion Media will not be liable for any loss or damage resulting from reliance on the information contained in this website, including data, quotes, charts and buy / sell signals. Be fully informed about the risks and costs associated with trading financial markets, which is one of the most potentially risky investment forms.

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Nadia Barnett

"Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator."

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