Business News

The STOXX 600 and DAX down 1%

Stock indexes suffered significant losses

Equity markets in Europe on 23 October dropped to lowest in nearly 2 years against the backdrop of corporate reports for the third quarter, which failed to dispel growing concerns among investors about the UK’s exit from the European Union, the Italian budget, insulation Saudi Arabia, trade wars, China’s economy and interest rates the United States.

According to Reuters, the pan-European STOXX 600 fell 0.8% after falling 1.1%, the lowest since Dec 2016. The German DAX fell by 1.2%. Sector technology companies of Europe decreased by 2.55% from-for falling of securities of AMS.

  • European stocks October 11 fell to their lowest levels in more than a year and a half after the fall of the U.S. stock market amid concern about rising us yields, povolnovatsya massive sell-off of risky assets.
  • The tech sector fell 1.8%, despite the growth of Ingenico shares (a French company whose activity is to provide technologies related to secure electronic transactions) is 11.3%, after the French banking group Natixis announced that it is considering the possibility of merging its assets with assets of Ingenico. The pan-European STOXX 600 dropped 1.7 percent, reaching its lowest level since the end of January 2017.

 

About the author

credit

Leave a Comment