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: US spending plan overshadows France lockdown

Thu 01 April 2021 08:19 | 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

7043.61 | Positive 80.28 (1.15%)

Prices delayed by at least 15 minutes

(Sharecast News) - European shares continued to rally on the last day of trading before the Easter break, as new US plans for massive infrastructure spending offset worries about a third Covid lockdown in France.

The pan-European Stoxx 600 index rose 0.44% in early trading with most major bourses higher. Wall Street stocks were on the rise overnight as US President Joe Biden unveiled a $2.3trn spending plan on roads, railways, broadband, clean energy and semiconductor manufacture.

This spurred a rise in European chip companies including ASML, ASMI and Infineon Technologies. The sector was also boosted by an upbeat revenue forecast from US chipmaker Micron Technology.

News that France was back in full lockdown hit retailers and travel stocks with catering companies Sodexo and Elior dropped almost 2%.

Shares in UK fashion retailer Next rose 3% after the company lifted annual profits guidance on the back of soaring online sales in the first eight weeks of the current fiscal year while 2020/21 profits were halved due to the pandemic.

    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.