It looks like your browser is not up to date.
This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Skip to main content
  • Register
  • Help
  • Contact us

Europe open: Lockdowns, vaccine export spat hit shares

Wed 24 March 2021 08:21 | A A A

No recommendation

No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.

Market latest

FTSE 100 | FTSE 250 | Paris CAC 40 | Dow Jones | NASDAQ

6997.85 | Positive 34.52 (0.50%)
Graph

Prices delayed by at least 15 minutes

(Sharecast News) - New lockdowns in Europe and a dispute over the Covid-19 supplies between the European Union and AstraZeneca hit stocks at the opening on Wednesday.

The benchmark pan-European Stoxx 600 index fell 0.34% by 0840 GMT after investors on Wall Street were unsettled by the possibility of tax rises to fund the large US stimulus package agreed this month.

As Germany, France and Italy extended lockdown measures to fend off the third wave of the coronavirus, the EU was preparing to extend vaccine export curbs to Britain and other areas with much higher vaccination rates.

Investors were also eyeing IHS Markit's March business surveys for the euro zone and the UK.

"The extended lockdown in Germany, and (UK Prime Minister) Boris Johnson's claim he has 'no doubt' that the third wave will hit British shores, has kept the markets, if not panicked, then in a state of quiet concern," said Spreadex analyst Connor Campbell.

In equity news, shares in Italian defence and aerospace group Leonardo fell 7.54% after the company postponed the initial public offering of its U.S. electronics unit DRS , saying adverse market conditions did not allow for an adequate valuation.

Cineworld shares continued to fall on worries that movie lovers may have become accustomed to streaming movies at home. The stock was down 5.85%.

Chipmakers, including ASM International, ASML and BE Semiconductor, were the top gainers, after US firm Intel announced a $20bn plan to expand its advanced chip manufacturing capacity.

    Daily market update emails

    • FTSE 100 riser and faller updates
    • Breaking market news, plus the latest share research, tips and broker comments

    Register now for free market updates

    The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.