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E.U. markets are not spared by global effect after a dark day in Wall Street

  • Regular
  • Economy
  • 3 months ago
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The global sentiment is certainly dropping if the markets were to be taken as an indicator.

Showing just that feeling, along with the winds of a recession in the horizon and feeling very real, E.U. shares sank further following a 3% drop in Wall Street in yesterday’s session.

The pan-European STOXX 600 was down 1.2% its lowest level since Nov 23, with Germany's DAX , France's CAC 40 , and Britain's FTSE 100 all falling 1.3%.

Europe's bank index followed suit by falling 1.7%.

German carmakers too we’re not spared as Daimler, Volkswagen, and BMW fell 0.5% to 0.8%, this is following an executives meeting in Washington where Trump pushed for an increased commitment in the U.S. however the concern was as to whether there would be any tariffs imposed.

Something that White House adviser Larry Kudlow did not think was necessary, for the time being that is.

 

 

 

 

Source: Smart Trend Team