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Weak PMI data drags EU markets down

  • Regular
  • Economy
  • 1 month ago
  • 27

EU indices traded negatively in today’s session as investors digested weak PMI data from France and Germany.

The Eurozone’s largest economy posted the first contraction in private sector activity since April 2013, as PMI retreated to its worst levels since the financial crisis a decade ago.

Meanwhile, US-China trade uncertainty and the collapse of British tour operator Thomas Cook also weighed.

The German DAX 30 fell by 1.1% while the French CAC 40 lost 0.8%.

London’s FTSE 100 declined by 0.2% while the Madrid based index, the IBEX 35 slid by 0.8% and the Italian borsa, the FTSE MIB shed 1%.

 

 

Source: Smart Trend Team