European stocks partly reverse rally, awaiting Wall Street restart

EasyJet planes standing behind a car park at Stansted Airport on June 30, 2020 in Stansted, England.

Dan Kitwood/Getty Images

European stocks clung onto most of the previous day’s rally, as traders waited for Wall Street’s return after a three-day break.

Up 1.7% while U.S. markets were shut for the Labor Day holiday, the Stoxx Europe 600

slipped 0.9%.

The German DAX
French CAC 40

and U.K. FTSE 100


A mixed session looked in the cards for the U.S. after a three-day break, with the Nasdaq-100

set for a weaker open amid the continued worries about the technology stock rally, as well as the surprise decision by S&P Dow Jones Indices not to allow Tesla

into the S&P 500.

Renewed discussion by U.S. President Donald Trump of China “decoupling” added further concern for markets.


dropped 6%, as the airline said additional quarantine restrictions to seven Greek Islands will mean it will fly “slightly less than 40%” of its planned schedule over the current quarter.

JD Sports Fashion

jumped 8%, as the sporting-goods retailer said it was “generally encouraged by our performance since the stores reopened and with our performance in the first few weeks of the second half” that started Aug. 1.

Royal Mail

rallied 16%, as the group’s statement ahead of its annual shareholder meeting highlighted the continuing shift to delivering parcels rather than mail.


rose 2%, as the credit checker revised upwards its estimate of revenue growth, citing U.S. mortgage demand, though it also revised cost estimates higher.

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