Brief Respite Ends for European Stocks Amid Renewed Retreat

Live Quote: On

RSS

My Page | Contact Us

RSS

RSS

Company A-Z | Stock Screener | My Portfolios | Streaming Quotes | Technical Analysis

Investing Tools

Useful Links

Friday, April 26, 2024 8:51:41 PM - Markets open

VN-INDEX

1,209.52

+4.55/+0.38%

HNX-INDEX

226.82

-0.75/-0.33%

UPCOM-INDEX

88.76

+0.43/+0.49%

Brief Respite Ends for European Stocks Amid Renewed Retreat

Bloomberg - 8/26/2015 3:05:17 PM

(0 ratings. You must sign in to rate.)

Print |

Add To Favorites |

Email |

RSS

Even the best day since 2011 wasn’t enough to reverse fortunes for European stocks, which resumed declines on Wednesday.

Investors have dealt with zigzags this week, as European stocks first slid the most since the financial crisis, before rallying yesterday after China cut interest rates. A global selloff triggered by China’s currency devaluation on Aug. 11 accelerated early this week, deepening a correction for the Stoxx Europe 600 Index and sending Germany’s DAX Index into a bear market.

The Stoxx 600 fell 2.1 percent at 8:10 a.m. in London. The gauge has tumbled 12 percent in August, on course for its worst monthly decline since 2008. Seventeen out of 18 western-European markets fell 10 percent or more from their highs through Monday’s close.

All 19 industry groups declined, with health-care shares and miners leading losses. Novartis AG and Roche Holding AG, among stocks with the heaviest weighting on the Stoxx 600, slipped 3 percent or more.

Transocean Ltd. plunged 12 percent after the Swiss offshore rig operator said it plans to halt investor payouts and book 2 billion Swiss francs ($2.1 billion) in asset impairments after an oil price crash.

Volkswagen AG lost 2.3 percent after the carmaker said sales in China, its biggest market, declined about 5 percent in the first seven months of the year.

Newer News
09/12	Measures needed to help SMEs tap ASEAN market: seminar
24/08	Upstream oil businesses profit from higher rents and limited supplies
06/03	Taxing second homes must be studied carefully: experts
21/09	Central banks set to hit peak rates at faster pace
23/03	Policymakers fear high inflation and unemployment
17/03	Current global inflation a worrisome situation
26/01	ASEAN+3 economic prospects positive in 2022
30/12	Cryptocurrency continues to be attractive investment channel next year
13/08	Biden, Harris vow to 'rebuild' America post-Trump
05/01	Game-changing strategy for smart manufacturers

Older News
26/08	Japan Rebounds While China Caution Scuttles Copper, Ringgit Again
26/08	Wall Street's rally goes up in smoke, indexes end lower
26/08	Gold falls as China rate cut boosts stocks, palladium sinks
26/08	US oil settles up $1.07, or 2.80%, at $39.31 a barrel
25/08	European stocks work to recover after worst session since 2008
25/08	China growth panic is way overdone, experts warn
25/08	Global Stock Rout Continues in Asia as Futures Bounce Sidelined Emma O'Brien Adam Haigh
25/08	U.S. stocks end harrowing session with biggest drop in 4 years
25/08	Gold falls as dollar pares losses; platinum sinks on stocks rout
25/08	US oil ends down at $38.24 a barrel; lowest since February 2009

Newsletter Signup

Top Stories

	Businesses concerned about rising exchange rate pressure
	Gold bar auction to be resumed after 11 years of suspension
	PM Chính requires strengthened gold market management
	Bank shareholders to receive high dividends, stock bonuses
	Shares sustain gains on strong investor confidence