European Stocks Largely Lower; Deliveroo Disappoints After IPO
- Date: 31-Mar-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
European Stocks Largely Lower; Deliveroo Disappoints After IPO
© Reuters.
By Peter Nurse
Investing.com - European stock markets edged lower Wednesday, handing back some of the gains from the previous session after food delivery company Deliveroo's float disappointed.
At 4 AM ET (0900 GMT), the in Germany traded flat, the in France fell 0.1% and the U.K.'s index dropped 0.3%.
European stocks posted strong gains Tuesday, with the CAC 40 and Amsterdam's hitting a new 52-week high and the DAX topping 15,000 points for the first time.
However, this positive tone hasn't lasted long as the region struggles to cope with a surge of new coronavirus cases, which has caused many countries to tighten restrictive measures, mindful of their lack of progress in vaccinating their populations.
French President Emmanuel Macron will deliver a televised address to the nation on Wednesday evening, after the country's health ministry said on Tuesday that the number of people in intensive care units with COVID-19 had reached the highest level this year. The number
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