St Paul’s Community College has launched a new website – www.stpaulswaterford.ie – and school app. The website addresses common issues raised by parents and…
European Stocks Decline as Cyclical Shares Trim Stimulus Rally
This content was published on January 11, 2021 - 17:10
January 11, 2021 - 17:10
(Bloomberg) European stocks retreated as traders assessed valuations following a rally that pushed shares near a 10-month high, with cyclical sectors leading the drop.
The Stoxx Europe 600 Index slid 0.7% by the close in London, led by industries most sensitive to the economy, including travel and construction, while miners slumped after posting their best week since 2016. Cyclical sectors have benefited from forecasts for an economic rebound fueled by stimulus bets and Covid-19 vaccinations.
Meanwhile, health-care stocks outperformed on Monday as a stronger dollar boosted exporters. Bank of America Corp. strategists warned of signs of a bubble in renewable shares, and utilities retreated.