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Eurozone indices take a hit as a global sell-off seems imminent

  • Regular
  • Economy
  • 3 weeks ago
  • 17

Fears of a global sell-off did not fare well for the Eurozone as markets lost the early leads gained in the morning session.

The Euro Stoxx 600 was lower by 2% and headed in to correction zone, a total of 17% off its 52-week high.

London’s FTSE 100 slipped by 1.1% while Germany’s DAX entered bear territory as it too was off its 52-week high by 22%, as it lost 2%.

Two notable names from the aforementioned indices suffred notabe losses, BP PLC by 2% and Siemens AG by over 3%.

Meanwhile Italy’s FTSEMIB fell by 1.4% and France’s CAC 40 retreated by 0.3%.

 

 

Source: Smart Trend Team