Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

European stocks fall near 3-month low on global economic worries

Economies.com
2020-09-24 12:02PM UTC

European stocks fell on Thursday, resuming losses after 2 days of gains, to fall once again near the 3-month low hit earlier this week, due to investors' risk aversion amid fears about about the global economy and a second wave of the coronavirus.

 

Stoxx Europe 600 fell 0.3% as of 11:15 GMT, after it closed higher by 0.4% yesterday, in its second straight daily gain, within recovery attempts from a 3-month low of 355.87 points.

 

The index opened today's session lower, resuming losses after 2 days of gains, to fall once again near the 3-month low, as most of the major European exchanges and sectors fell today.

 

The retail sector saw the largest losses in Europe today, dropping by more than 1.5%, as most of its shares fell.

 

The coronavirus crisis continues to deter investors sentiment, as signs on a second wave of the pandemic increased, which renewed concerns about the global economic recovery.

 

S&P 500 futures fell 0.4% today, after it closed lower by 2.4% yesterday at Wall Street, posting the fifth daily loss in 6 days as sell-off was renewed.

 

Back to Europe, the Euro Stoxx 50 index fell 0.4%, Germany's DAX lost 0.5%, France's CAC 40 fell by 0.1%, and In London, the FTSE 100 index fell by 0.6%.

European Market News

Americas News

Markets

Wall Street loses ground amid mounting tariff war
2025-07-11 15:29PM UTC
U.S. stock indices declined during Friday trading as the global trade war between the United States ...
Americas News

Markets

Wall Street maintains gains, NASDAQ marks another record close
2025-07-09 20:30PM UTC
US stock indices climbed during Wednesday’s session and held onto their gains following the ...
Americas News

Markets

Wall Street gains ground ahead of Fed's minutes
2025-07-09 15:20PM UTC
U.S. stock indexes rose at the start of trading on Wednesday as markets assessed developments in ...