European shares inch higher as oil, retail stocks jump

  • Reuters
  • Stock Market News
European shares inch higher as oil, retail stocks jump
Credit: © Reuters.

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

Jan 5 (Reuters) - European shares edged up on Tuesday, lifted by oil and retail stocks, while investors looked past a new national lockdown in Britain to contain a surge in coronavirus cases.

The pan-European STOXX 600 index .STOXX was up 0.1% by 0814 GMT, after opening slightly lower following losses in Asia and on Wall Street over worries about the runoff Senate elections in the U.S. state of Georgia.

UK's FTSE 100 .FTSE rose 0.6%, boosted by oil majors Royal Dutch Shell RDSa.L and BP BP.L providing the biggest support.

British fashion retailer Next NXT.L jumped 8.2% after it said its Christmas sales were much better than it had expected. domestically focussed midcap index .FTMC inched 0.2% higher, even as a new, more contagious variant of the coronavirus first identified in the United Kingdom prompted a fresh shutdown of schools and businesses. DAX index .GDAXI was flat with the government also looking to extend a lockdown. chipmaker Dialog Semiconductor PLC DLGS.DE gained 4.7% after it gave an upbeat fourth-quarter revenue forecast due to strong demand for 5G phones and tablets.

Add Chart to Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
Please try another search