European shares are falling from record levels… and “Carrefour” is flying

European shares retreated from record highs, Thursday, after indicators from the minutes of the US Federal Reserve’s meeting in December cast a shadow over technology stocks amid the prospect of an interest rate hike.
The European Stoxx 600 index closed down 1.3 percent, giving up all the gains made in a series of rises that pushed it to record levels in the first three sessions of the year.
Shares of French retailer Carrefour jumped 6.3 percent, topping the Stoxx 600 index, after a report of a new offer to buy it from rival Auchan.
Banking and insurance shares were the only gainers on the day, rising 1.1 percent and 0.2 percent, respectively. Both sectors are expected to benefit from improved margins due to higher lending rates.
Societe Generale’s car rental unit (ALD) rose 8.4% after agreeing to buy rival Lesplan for 4.9 billion euros ($5.5 billion).
European technology stocks were among the region’s biggest losers, falling 2.4 percent, as the prospect of higher interest rates made future earnings look less attractive.

These were the details of the news European shares are falling from record levels… and “Carrefour” is flying for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV GACA bolsters global aviation hub ambitions at Changi Summit in Singapore
NEXT Saudi small businesses granted 3-year extended time to pay financial fees

Author Information

I am Joshua Kelly and I focus on breaking news stories and ensuring we (“Al-KhaleejToday.NET”) offer timely reporting on some of the most recent stories released through market wires about “Services” sector. I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for Al-KhaleejToday.NET specializing in quicker moving active shares with a short term view on investment opportunities and trends. Address: 838 Emily Drive Hampton, SC 29924, USA Phone: (+1) 803-887-5567 Email: [email protected]