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

2020-09-24 13:31:28 GMT (Economies.com)
European stocks fall near 3-month low on global economic worries

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%.

 
 
 
  Symbol Last Change Chg.%
1.1860
0.0081
0.6868%
1.3045
0.0058
0.4481%
Tadawul
8505.18
18.45
0.22%
24.606
-0.168
0.676%
39.735
-1.208
2.949%
41.65
-0.81
1.91%
1902.820
-9.195
0.481%
 
 
US
 
Europe
 
Asia