Europe Stocks Inch Higher, Shrugging Off Fresh Vaccine Jitters
This content was published on April 13, 2021 - 16:14
April 13, 2021 - 16:14
(Bloomberg) -- European shares ended slightly up, after briefly declining intraday following a U.S. recommendation to pause the use of Johnson & Johnson’s Covid-19 vaccine.
The Stoxx Europe 600 Index closed 0.1% higher as gains for retail and travel shares tempered declines in defensives such as utilities. Tech outperformed as semiconductor stocks benefited from a positive read-across from U.S. specialist chip firm Nvidia Corp. Miners climbed after China’s copper concentrate imports hit a record last month.
Among individual stocks, Just Eat Takeaway.com NV gained 6.7% after the food-delivery firm announced a 79% rise in first-quarter orders. JD Sports Fashion Plc added 3% after the retailer’s full-year earnings beat analyst estimates.