The U.K.’s FTSE 100 index and Germany’s DAX were in the red
European markets lose earlier gains as U.S. shutdown ends
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European stocks ended lower on Thursday, paring earlier gains as the U.S. government shutdown came to an end.
The pan-European Stoxx 600 finished down 0.6% with most sectors and bourses in negative territory.
The U.K.’s FTSE 100 index and Germany’s DAX were in the red at the end of Thursday’s session, decreasing 1.05% and 1.39%, respectively. France’s CAC 40 fell 0.11% and Italy’s FTSE MIB was almost 0.1% lower at the end of the day. Spain’s Ibex 35 ended 0.23% lower.
Looking at individual stocks, pharmaceuticals made gains, with Denmark’s ALK and Zealand Pharma rising 11.5% and 5.2%, respectively.
ALK upped its guidance on Wednesday. The firm is now expected to grow by 13-15% in local currencies, representing a slight increase from its previous 12-14%. The firm said it saw growth in all sales regions and product lines.
Burberry’s shares jumped as high as 7% after the luxury brand reported comparable store sales growth for the first time in two years, but quickly pared gains before closing the day down more than 2%.
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