Berliner Boersenzeitung - European stocks retreat after positive start, oil surges

EUR -
AED 3.979144
AFN 78.548246
ALL 103.840919
AMD 439.949015
ANG 1.952867
AOA 900.821845
ARS 907.316044
AUD 1.65273
AWG 1.950056
AZN 1.846021
BAM 1.957389
BBD 2.187906
BDT 118.928189
BGN 1.957868
BHD 0.408173
BIF 3104.922486
BMD 1.083364
BND 1.457003
BOB 7.487078
BRL 5.411952
BSD 1.083595
BTN 90.06458
BWP 14.956348
BYN 3.546128
BYR 21233.943033
BZD 2.184203
CAD 1.46108
CDF 2995.50307
CHF 0.954
CLF 0.038485
CLP 1061.918063
CNY 7.795245
COP 4293.719954
CRC 557.547453
CUC 1.083364
CUP 28.709158
CVE 110.774441
CZK 25.381175
DJF 192.535955
DKK 7.463136
DOP 63.706039
DZD 145.709719
EGP 33.418191
ERN 16.250467
ETB 61.416355
FJD 2.421541
FKP 0.85668
GBP 0.854456
GEL 2.871339
GGP 0.85668
GHS 13.406678
GIP 0.85668
GMD 72.883386
GNF 9311.517751
GTQ 8.467796
GYD 226.704031
HKD 8.474131
HNL 26.894565
HRK 7.616155
HTG 143.708648
HUF 389.502437
IDR 16894.14759
ILS 3.933859
IMP 0.85668
INR 89.791466
IQD 1419.207417
IRR 45536.519981
ISK 149.291754
JEP 0.85668
JMD 169.479925
JOD 0.768148
JPY 163.030141
KES 158.171589
KGS 96.885698
KHR 4420.127297
KMF 492.877068
KPW 975.01648
KRW 1441.958449
KWD 0.333464
KYD 0.903046
KZT 488.713489
LAK 22631.48354
LBP 97123.622467
LKR 336.908156
LRD 206.543844
LSL 20.790177
LTL 3.198894
LVL 0.655317
LYD 5.243896
MAD 10.894859
MDL 19.40157
MGA 4913.058113
MKD 61.670062
MMK 2275.505174
MNT 3688.132938
MOP 8.731708
MRU 43.064147
MUR 49.425405
MVR 16.687865
MWK 1823.302727
MXN 18.543087
MYR 5.175778
MZN 68.797685
NAD 20.790172
NGN 1740.967029
NIO 39.894937
NOK 11.48421
NPR 144.103649
NZD 1.748208
OMR 0.417043
PAB 1.083595
PEN 4.129248
PGK 4.035574
PHP 60.598032
PKR 303.04416
PLN 4.310957
PYG 7888.33068
QAR 3.943992
RON 4.981206
RSD 117.369578
RUB 100.81252
RWF 1381.289662
SAR 4.063217
SBD 9.209101
SCR 14.617878
SDG 651.102397
SEK 11.150978
SGD 1.455
SHP 1.371811
SLE 24.346941
SLL 21396.448066
SOS 619.146748
SRD 38.677235
STD 22423.456614
SVC 9.481828
SYP 14085.780506
SZL 20.790164
THB 38.925684
TJS 11.865232
TMT 3.802609
TND 3.383893
TOP 2.557069
TRY 33.387867
TTD 7.365115
TWD 34.252774
TZS 2762.579687
UAH 41.474585
UGX 4263.52002
USD 1.083364
UYU 42.384406
UZS 13582.685596
VEF 3923766.120604
VES 39.202867
VND 26694.099813
VUV 130.164436
WST 2.972175
XAF 656.499015
XAG 0.047222
XAU 0.000532
XCD 2.927847
XDR 0.817975
XOF 654.897702
XPF 119.331742
YER 271.220681
ZAR 20.863476
ZMK 9751.58389
ZMW 24.895209
ZWL 348.842908
  • SCS

    0.1000

    12.8

    +0.78%

  • BCC

    2.8800

    129.42

    +2.23%

  • AZN

    1.7000

    65.83

    +2.58%

  • BTI

    0.0300

    30.5

    +0.1%

  • BP

    -0.1100

    35.38

    -0.31%

  • GSK

    0.0600

    42.22

    +0.14%

  • RBGPF

    0.3360

    72.822

    +0.46%

  • RIO

    0.2900

    65.98

    +0.44%

  • CMSC

    0.0200

    24.8

    +0.08%

  • SLAC

    -0.0050

    10.305

    -0.05%

  • NGG

    0.6100

    66.64

    +0.92%

  • RELX

    0.0900

    44.44

    +0.2%

  • BCE

    -0.0100

    37.6

    -0.03%

  • VOD

    0.0700

    8.47

    +0.83%

  • JRI

    0.0425

    11.53

    +0.37%

  • CMSD

    0.0500

    24.81

    +0.2%

  • RYCEF

    -0.0300

    4.45

    -0.67%

European stocks retreat after positive start, oil surges
European stocks retreat after positive start, oil surges

European stocks retreat after positive start, oil surges

European equities retreated from a positive start Friday as investors await key US jobs data after being spooked by a possible eurozone interest rate hike and the crash of Facebook owner Meta's shares.

Text size:

Asian stock markets closed higher as a surge in Hong Kong on its first day back from a holiday break helped overcome a sharp drop on Wall Street Thursday, while forecast-beating earnings from Amazon helped to offset worries elsewhere.

Oil prices struck seven year highs close to $93 per barrel as traders bet on continued improvement in demand thanks to the economic reopening, and with the United States hit by a cold snap.

Lingering worries over Ukraine-Russia tensions were also playing a key role in the spike, with analysts predicting $100 could be breached soon.

All eyes were on US jobs data due Friday -- likely to be seen as a guide for future Federal Reserve rate hike decisions as central banks battle decades-high inflation.

"The non-farm payrolls report... is a keenly watched snapshot of the US labour market, and its likely to show Omicron caused jobs growth to slow," noted Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown.

Commentators said a strong reading on the jobs front would revive talk of a 50-basis-point US rate hike in March.

The European Central Bank's apparent shift in its outlook towards lifting rates this year itself stunned investors Thursday.

ECB chief Christine Lagarde had for months said inflationary pressures would be temporary and dissipate as the world economy reopens and supply chains resume -- allowing the bank to keep rates ultra-low this year.

But a record jump in eurozone prices last month and no sign of them easing has forced her to re-evaluate, saying the "situation had indeed changed".

The news boosted the euro -- the single currency recording a weekly gain of nearly three percent against the dollar.

It also came as the Bank of England announced successive rate increases Thursday.

The ECB news jolted US markets, which were already down owing to a rout in tech stocks, which came after Meta's sobering earnings report that caused it to lose more than a quarter of its value.

Hong Kong led the way in Asia, rising more than three percent as investors in the city returned from a three-day Lunar New Year break.

"It's clearly a rebound to catch up with the world, but we need to see how Hong Kong can navigate global volatility from here on," said Joshua Crabb at Robeco Hong Kong.

- Key figures around 1200 GMT -

London - FTSE 100: DOWN 0.2 percent at 7,511.39 points

Frankfurt - DAX: DOWN 1.7 percent at 15,108.58

Paris - CAC 40: DOWN 1.1 percent at 6,930.30

EURO STOXX 50: DOWN 1.6 percent at 4,074.32

Tokyo - Nikkei 225: UP 0.7 percent at 27,439.99 (close)

Hong Kong - Hang Seng Index: UP 3.2 percent at 24,573.29 (close)

Shanghai - Composite: Closed for a holiday

New York - Dow: DOWN 1.5 percent at 35,111.16 (close)

Euro/dollar: UP at $1.1477 from $1.1438 late Thursday

Pound/dollar: DOWN at $1.3571 from $1.3601

Euro/pound: UP at 84.53 pence from 84.06 pence

Dollar/yen: DOWN at 114.85 yen from 114.95 yen

Brent North Sea crude: UP 2.0 percent at $92.94 per barrel

West Texas Intermediate: UP 2.1 percent at $92.19 per barrel

(S.G.Stein--BBZ)