European shares retreated in early trading, under pressure from a continued rise in bond yields, with pan-European STOXX 600 index
In Europe, I expect profit-taking in the Euro Stoxx 600 index
to test 384.
The pan-European STOXX 600 index
was flat in percentage terms by 0817 GMT, while euro zone blue chips were also steady.
8% increase in the pan-European STOXX 600 index
along with a similar increase in the pan-European FTSEurofirst 300 index.
This is the reason the DAX Index trades at a lower valuation multiple at 12 times earnings, while the Europe Stoxx 600 index
trades at 13.
Its shares are also included in the Dow Jones STOXX 600 index
According to Thomson Reuters data, financial companies on the European benchmark DJ STOXX 600 index
have so far reported earnings that are 8.
The financial sector of the Stoxx 600 index
of European shares was up 3 percent around midday, against the broader index, which added just 0.
Consequently, Societe Generale analysts identified 16 European shares that have historically outperformed or at least been in line with the DJ Stoxx 600 Index
during a World Cup.
This might be one reason why the combined market capitalisation of companies in the Dow Jones Stoxx 600 index
(which comprises only European firms) is still significantly below its 2007 peak.
Referring to the relative undervaluation of company shares, TEO currently trades at about eight times estimated earnings, compared with about 16 for the Dow Jones Stoxx 600 Index
, an index of leading European companies.
ones so far, albeit with only about 5 percent of the STOXX 600 index