EU markets take a hit following weak Chinese data
- 1 month ago
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