European stocks fell on Thursday, feeling the pressure of a wild day on Wall Street in which major funds withdrew positions from the table so as not to be burned by a flurry of retail investors punishing short-term sellers.
The Stoxx Europe 600 SXXP was down 1.2% on Wednesday,
1% lower is traded. Manufacturer of microchip equipment ASML Holding ASML,
a component of the Nasdaq-100, which fell on the Amsterdam trade, and the pharmaceutical company Roche ROG,
fell to the Zurich action.
US stock futures YM00,
NQ00,
they pointed to reopening the declines on Thursday, though not as strong as the 633-point DIA Jones Industrial Average DJIA,
Wednesday. U.S. markets also absorbed cautious comments from social media giant Facebook and worse-than-expected results from electric vehicle maker Tesla.
The backdrop of losses in the markets is the notable gains for a stock group that many hedge funds have bet on.
“There was no clear catalyst behind the falling stock, but market talks suggest it could have been due to hedging funds with short positions in GameStop and other meme stocks closing long positions in other stocks to cover their The slowdown in the deployment of COVID vaccines in Europe and the United States may also have weighed on market sentiment, and Wall Street accelerated the fall after the FOMC. [Federal Open Market Committee] decision, ”said Charalambos Pissouros, senior market analyst at JFD Group.
There was already an active premarketing trade for GameStop GME,
AMC Entertainment AMC,
and BlackBerry BB,
again Thursday.
Nokia NOKIA,
ENOUGH,
the only European company to defend the Reddit forum WallStreetBets, partly due to its double listing in the US, fell 2% in Helsinki, after a 14% increase the previous session. The telecommunications equipment maker issued a statement on Wednesday saying it had no material explanation for the sudden rise in its stock.
Conglomerate of alcoholic beverages Diageo DGE,
DEO,
increased 4%, which contributed to reporting a 1% increase in organic sales during the first fiscal half. Diageo also raised the interim dividend by 2% and said it expects a sequential improvement in the second half.
Actions of the insurer Prudential PRU,
PUK,
2378,
it fell 7% as it said it weighs in on a $ 2.5 billion to $ 3 billion equity offering to take advantage of Asian growth opportunities, while also saying it would separate its Jackson National arm in the U.S. in a New York Stock Exchange. listed company. Prudential previously weighed in an initial Jackson National public offering.