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EU markets take a hit following weak Chinese data

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  • Economy
  • 3 months ago
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The Eurozone markets have not fared well in today’s exchanges due to China’s weak data.

As mirrored by the pan-European STOXX 600 which fell by 0.7%, halting a 4-day win streak.

Frankfurt’s DAX shed 0.6% while the French CAC 40 also saw the same decline as household brands such as Hermes also fell by 2%, while Gucci’s owners Kering retreated by 2.8%.

Italian borsa the FTSE MIB was the Eurozone’s biggest loser with a decline of 1% with Moncler taking a loss of 2.24%.

In the UK the FTSE 100 fell by 0.6% as PM Theresa May addresses Parliament on the upcoming vote on Brexit.

 

 

Source: Smart Trend Team