European stocks fall to 6-month on US bonds drop

2019-08-15 12:37:00 GMT (Economies.com)
European stocks fall to 6-month on US bonds drop

European stocks opened lower today, to hit a 6-month low and extend losses for the second consecutive day, on investors' risk aversion in addition to sharp losses in the US bond market, which raised concerns over the US economy entering a recession .

 

As of 11:27 GMT, Stoxx Europe 600 fell by more than 0.9%, the lowest level since last February, after it closed yesterday lower by 1.7% on global recession concerns.

 

The index opened lower today to extend losses for the second straight day, hitting a six-month low, with most of Europe's markets and sectors falling.

 

China and Europe released several weak data on Wednesday that have renewed the slowdown fears over both of the economies in addition to the uncertainty surrounding the US-China trade talks.

 

Concerns also mounted over the US economy entering a recession after the two-year and 10-year bond yield curve inversion for the first time since 2007, which markets interpreted as a sign that the US economy is near a recession.

 

Standard & Poor's 500 futures shed more than 0.4%, after it closed yesterday in Wall Street lower by 2.9%, after US bond market sharo fall.

 

Euro Stoxx 50 index fell by more than 0.9%, the French CAC 40 lost 0.8%, with Germany's DAX dropping 1.2% and in London's FTSE 100 fell by 1.1%.

 
 
 
  Symbol Last Change Chg.%
1.1013
-0.0062
0.5639%
1.2414
-0.0069
0.5528%
17.854
0.403
2.309%
61.970
7.077
12.891%
69.02
8.80
14.61%
1499.570
10.590
0.711%
 
 
US
 
Europe
 
Asia