Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your experience. Save up to 40% More details

European Stocks Higher on Vaccination Hopes; Vivendi Soars

Stock Markets Feb 15, 2021 03:35AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
© Reuters.

By Peter Nurse - European stock markets traded higher Monday, boosted by optimism of an economic recovery as the region’s vaccination program increases in pace. 

At 3:35 AM ET (0835 GMT), the DAX in Germany traded 0.3% higher, the CAC 40 in France rose 0.8%, and the U.K.'s FTSE index climbed 1.1%.

The European Union will fast track approvals of coronavirus vaccines adapted to combat mutations, the bloc's Health Commissioner Stella Kyriakides said in a newspaper interview on Sunday. 

EU officials have faced criticism over the speed many of its constituent countries have received vaccines for their populations. The U.K., by contrast, announced on Sunday that 15 million had received their first doses, raising hopes of a relatively prompt relaxation of stringent lockdown measures.

In corporate news, Vivendi (OTC:VIVHY) stock soared over 20% after the French media conglomerate announced Monday plans to spin off its subsidiary Universal Music Group by the end of the year.

Rolls-Royce (OTC:RYCEY) stock rose 1.2% after the aero-engines maker named former Deloitte partner Panos Kakoullis as its next chief financial officer, to help steer its cost-cutting and simplification as it tries to ride out the pandemic.

Equinor (OTC:STOHF) stock rose 2.3%, helped by higher oil prices, even as the energy company warned of possible strike action in Norway.

Daimler (OTC:DDAIF) stock rose 0.6% despite the German car manufacturer planning to recall 1.29 million vehicles in the U.S., while stock market operator Euronext (PA:ENX) stock fell 0.7% after appointing Piero Novelli, a co-president at Swiss bank UBS, to become its new chairman.

European markets had also received a positive handover from Asia, after data showed Japan’s gross domestic product grew faster than expected in the fourth quarter. This prompted the country’s benchmark Nikkei index to rise above the psychologically-important 30,000 level for the first time since August 1990.

In economic news, Eurozone finance ministers will meet virtually later Monday to discuss the bloc’s economic recovery. The Deutsche Bundesbank will release its monthly report on the German economy.

Oil prices surged Monday in their highest levels in 13 months, boosted by fresh tensions in the Middle East as Saudi Arabia intercepted an explosive-laden drone from Yemen.

Additionally, cold, wintry weather in Texas is threatening supplies from that important oil-producing region in the U.S. given difficult transportation conditions and power outages. 

This comes just as Interfax reported  Russian Deputy Prime Minister Alexander Novak as saying oil markets have now balanced, following curbs to output from the top oil producers.

U.S. crude futures traded 1.9% higher at $60.59 a barrel, while the international benchmark Brent contract rose 1.4% to $63.28, both contracts climbing to their highest levels since January last year.

Elsewhere, gold futures fell 0.3% to $1,818.15/oz, while EUR/USD traded 0.2% higher at 1.2138.


European Stocks Higher on Vaccination Hopes; Vivendi Soars

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other 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, don’t trash it.

  •           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. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. 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’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
Sign up with Email