European stocks continue losses on fears of economic slowdown in Eurozone

European shares fell on Friday morning in the last session of the week, extending losses for the third session in a row, with a one-week low as market selling continued, as European Central Bank decisions raised fears of a slowdown in the euro zone.

Dow Jones Stoxx Europe 600 fell by 0.5% by 08:45 GMT, the index ended yesterday's session down by 0.4%, the second daily loss in a row, on the acceleration of corrections and profit taking from the highest level in five months, and after the shocking decisions Of the European Central.

Stoxx Europe Index also fell on Friday morning to continue its third straight session, as the market continues selling, with most major stock exchanges and sectors in the red zone.

The banking sector led the list of losing sectors in Europe for the second straight session, with the mining and car industries also declining after data far worse than forecasted for China's exports in February.

European Bank's governor Mario Draghi on Thursday, announced a new round of "cheap" long-term loans to boost lending to the eurozone's banks to stimulate the economy. He also said interest rates will remain at current levels at least until the end of this year.

The ECB also trimmed its eurozone economic growth forecast from 1.7% to 1.1% in 2019, and inflation expectations from 1.6% to 1.2%.

Standard & Poor's 500 futures fell more than 0.4%, hitting a three-week low just before the opening of Wall Street's trading session. The index ended yesterday's session down 0.8%, the fourth consecutive daily loss.

Euro Stoxx 50 fell 0.5%, whilst In France, the CAC 40 fell by 0.4%. with Germany's  DAX index fall by 0.6%.

In London, FTSE 100 lost 0.7% to top the list of losing markets in Europe, amid uncertainty over UK talks about the brexit.