European stocks fall for first time in 4 days on weak data

Economies.com
2019-10-01 11:27AM UTC

European stocks opened lower today, falling for the first time in the last 4 days, on weak European data that dampened market sentiment, while losses were curbed after the White House denied the news limiting the investment flows from US companies to China or blocking Chinese companies from US stock exchanges.

 

As of 10:50 GMT, Stoxx Europe 600 fell by 0.2%, as it closed on yesterday higher by 0.4%, on the rise of the export companies shares after the Euro fell to 2-year lows against dollar. 

 

The index fell today to head for its first loss in the last 4 sessions, as most of the European markets and sectors fell.

 

The final reading of the European manufacturing PMI for September showed a drop to the lowest level in several years, and the CPI fell to the lowest level in 3 years, which renewed the recession fears and increases pressure on the ECB.

 

White House trade adviser Peter Navarro denied the news reports that Trump's administration is considering limits on investment flows from US companies to China or the blocking of Chinese companies from US stock exchanges, and labeled them as fake news.

 

S&P 500 futures rose by 0.3%, after it closed higher by 0.5% yesterday at Wall Street.

 

Euro Stoxx 50 fell by 0.2%, in France the CAC 40 also fell by 0.25%, and Germany's DAX shed 0.2%, while in London the FTSE 100 declined by 0.5%.

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