European equities hold at record highs, with Shell leading earnings

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European stocks were slowly moving towards a new high on Wednesday, with Royal Dutch Shell shares rising after a trade update, and banks also higher. US stock futures were slightly higher. The Stoxx Europe 600 SXXP Index, + 0.00% rose less than 0.1% to 435.45, following a 0.7% gain on Tuesday, which took it to a record close of 435.26.

The German DAX DAX, + 0.07% was up 0.1% to 15,229.57, immediately after its own record of 15212.68, a gain of 0.7%. The French CAC PX1, + 0.22% gained 0.2% and the FTSE 100 UKX index, + 0.75% rose 0.7%. US stock futures ES00, + 0.06% YM00, + 0.05% NQ00, + 0.11% pointed to a slightly higher open as investors awaited the minutes of the most recent meeting of the Federal Open Market Committee. On Tuesday, the S&P 500 SPX, -0.10% closed 0.1% lower after setting a record intraday high, while the Dow Jones Industrial Average DJIA, -0.29% closed 0.3% lower and the Nasdaq Composite COMP, -0.05% finished modestly weaker. Royal Dutch Shell RDSA shares, + 0.45% RDS.A, + 0.13% rose 1.4%. The energy giant warned that a fierce winter storm that hit Texas in February would hit its adjusted first-quarter earnings by $ 200 million. However, Shell said adjusted earnings for its upstream unit, which deals with oil exploration and production, are expected to be positive in the first quarter, “capturing the advantage of the current commodity price environment.” . Shares of rival BP BP, + 2.38% BP, + 3.46% rose more than 2% and Total FP, + 0.57% TOT, -0.02% gained 1%. Ryanair Holdings RYA shares, + 1.10% fell 2%, after the discount carrier cut its expectations of a fiscal 2021 loss, but also lowered its forecast for fiscal 2022 traffic, in part due to slow implementation of COVID-19 vaccines in Europe. . Société Générale GLE, + 1.19% said it has entered into talks with French asset manager Amundi to sell the asset management activities operated by its Lyxor unit for 825 million euros ($ 979.6 million). The French bank’s shares rose 2%. The banking sector as a whole led the sector earnings for the Stoxx 600, with shares of BNP Paribas BNP, + 0.54% and Banco Santander SAN, + 0.29% SAN, + 0.75% + 1% each. . Shares of Shop Apotheke Europe SAE, + 0.86%, rose 1%, after sales of the Netherlands-based online pharmacy group increased during the first quarter as the number of active customers increased sharply y-o-y. Carnival CCL shares, + 4.23% CUK, + 1.73% rose 4%, after a spokeswoman for the Centers for Disease Control and Prevention, Jade Fulce, told Bloomberg on Tuesday that cruises could resume at mid-summer in a restricted manner. That was after America’s Carnival arm threatened to take its ships to ports outside of the United States. Deliveroo ROO, + 2.93% shares are up 3% as unrestricted trading began with investors ignoring the food delivery company’s grim initial public offering in late March.