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Europe Markets: European stocks drift after rally, awaiting Wall Street restart

Europe Markets

EasyJet planes standing behind a car park at Stansted Airport on June 30, 2020 in Stansted, United Kingdom.

Dan Kitwood/Getty Images

European stocks clung onto most of the previous day’s rally, as traders waited for Wall Street’s return after a three-day break.

Up 1.7% while U.S. markets were shut for Labor Day, the Stoxx Europe 600

slipped 0.1%.

The German DAX

and French CAC 40

also slipped, while the FTSE 100

rose, with the U.K. index that’s loaded up on exporters continuing to be bolstered by the weakness of the British pound

on concerns over trade negotiations with the European Union.

A mixed session looked in the cards for the U.S. after a three-day break, with the Nasdaq 100

set for a weaker open amid the continued worries about the tech stock rally, as well as the surprise decision by S&P Dow Jones Indices not to allow Tesla into the S&P 500.


dropped 5% as the airline said additional quarantine restrictions to seven Greek Islands will mean it will fly “slightly less than 40%” of its planned schedule over the current quarter.

JD Sports Fashion

jumped 7% as the sporting-goods retailer said it was “generally encouraged by our performance since the stores re-opened and with our performance in the first few weeks of the second half” that started Aug. 1.

Royal Mail

rallied as the group’s statement ahead of its annual shareholder meeting highlighted the continuing shift to delivering parcels rather than mail.


rose over 3% as the credit checker revised upwards its estimate of revenue growth, citing U.S. mortgage demand, though it also revised cost estimates higher.

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