{"id":119795,"date":"2021-08-12T16:41:36","date_gmt":"2021-08-12T16:41:36","guid":{"rendered":"https:\/\/fin2me.com\/?p=119795"},"modified":"2021-08-12T16:41:36","modified_gmt":"2021-08-12T16:41:36","slug":"insurers-keep-european-stocks-near-record-high-miners-drag","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/insurers-keep-european-stocks-near-record-high-miners-drag\/","title":{"rendered":"Insurers keep European stocks near record high; miners drag"},"content":{"rendered":"

(Reuters) -European shares held steady on Thursday, trading just below record highs as strong earnings from insurers and M&A activity in the UK helped offset a fall in mining stocks.<\/p>

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany August 9, 2021. REUTERS\/Staff<\/figcaption>

The pan-European STOXX 600 index inched up 0.1% in morning trade after eight consecutive days of record gains.<\/p>\n

British insurer Aviva rose 3.3% after saying it would return at least 4 billion pounds ($5.5 billion) to shareholders, while Zurich Insurance Group AG added 3.1% on reporting a 60% jump in first-half business operating profit.<\/p>\n

Dutch insurer Aegon NV jumped 6.4% on posting a much better than expected second-quarter earnings.<\/p>\n

Deutsche Telekom rose 2% after raising its profit outlook for the second time this year.<\/p>\n

The benchmark STOXX 600 saw its longest winning streak since June on Wednesday, as earnings reports and optimism related to the pace of vaccination across Europe reinforced investor confidence of an economic recovery.<\/p>\n

\u201cThe outperformance of Europe and some of the value sectors has coincided with a brief uptick in bond yields,\u201d said Dhaval Joshi, chief strategist at BCA Research.<\/p>\n

\u201cThis trend we\u2019ve seen in the past few weeks could carry on for a little while longer, but maybe not for the next six months.\u201d<\/p>\n

Data showed Britain\u2019s economy grew by a faster-than expected 1% in June, after many hospitality firms restarted indoor service in mid-May and as more people visited doctors following the pandemic, lifting healthcare.<\/p>\n

Cineworld Group rose 8.2% after it said it was considering a listing of itself or a partial listing of its movie chain Regal on Wall Street.<\/p>\n

Meanwhile, holiday company TUI Group gained 1.8% after it said summer bookings had jumped by 1.5 million since May.<\/p>\n

Stock Spirits Group soared 43.1% funds as funds affiliated with private-equity firm CVC agreed to take over the London-listed vodka maker in a deal valuing it at 767 million pounds ($1.1 billion).<\/p>\n

Dragging down miners, UK-listed shares of global miner Rio Tinto tumbled 5.6% on trading ex-dividend.<\/p>\n

Banks also came under pressure, with government bond yields pulling back after data on Wednesday showed U.S. consumer price rises cooled in July. [GVD\/EUR]<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

(Reuters) -European shares held steady on Thursday, trading just below record highs as strong earnings from insurers and M&A activity in the UK helped offset […]<\/p>\n","protected":false},"author":3,"featured_media":119794,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nInsurers keep European stocks near record high; miners drag - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/insurers-keep-european-stocks-near-record-high-miners-drag\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Insurers keep European stocks near record high; miners drag - Fin2me\" \/>\n<meta property=\"og:description\" content=\"(Reuters) -European shares held steady on Thursday, trading just below record highs as strong earnings from insurers and M&A activity in the UK helped offset [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/markets\/insurers-keep-european-stocks-near-record-high-miners-drag\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-12T16:41:36+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/08\/Insurers-keep-European-stocks-near-record-high-miners-drag.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/markets\/insurers-keep-european-stocks-near-record-high-miners-drag\/\",\"url\":\"https:\/\/fin2me.com\/markets\/insurers-keep-european-stocks-near-record-high-miners-drag\/\",\"name\":\"Insurers keep European stocks near record high; 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