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    European shares retreat as commodity stocks, virus concerns weigh

    Synopsis

    The pan-European STOXX 600 index fell 0.1% by 0810 GMT, with Germany's DAX index shedding 0.4% and France's CAC 40 down 0.2%.

    European stock-marketAgencies
    Stock exchange operator Euronext said it had resolved a technical issue that affected trading on futures contracts tied to the CAC 40.
    European stocks slipped from over 10-month highs on Monday as investors booked profits after a strong week, while surging coronavirus cases across the continent and mainland China dragged down energy and mining stocks.

    The pan-European STOXX 600 index fell 0.1% by 0810 GMT, with Germany's DAX index shedding 0.4% and France's CAC 40 down 0.2%.

    Stock exchange operator Euronext said it had resolved a technical issue that affected trading on futures contracts tied to the CAC 40.

    Germany reported an increase in coronavirus cases even as most of Europe was under the strictest restrictions, while China saw its biggest daily increase in infections in more than five months.

    Oil majors BP, Royal Dutch Shell and Total fell as oil prices retreated on renewed fears around global fuel demand amid rising cases.

    Mining stocks shed 0.4% as a stronger dollar weighed on commodity prices.

    London's blue-chip index was almost flat, with shares in Britain's biggest sportswear retailer JD Sports jumping 5% after it forecast fiscal 2021 profit to be "significantly ahead" of current market expectations.



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    (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2024 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 .)

    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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