Investing.com - Financial Markets Worldwide
🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

European shares tumble as pandemic fears grip Europe

Published 16/03/2020, 09:11
© Reuters.
FCHI
-
ES35
-
EZJ
-
AIRF
-
ICAG
-
STOXX
-
SXEP
-

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
March 16 (Reuters) - European shares plunged on Monday as
the coronavirus pandemic raged through much of Europe, with
dramatic monetary easing by global central banks failing to
reassure investors about its growing economic damage.
The pan-European STOXX 600 .STOXX fell 4.5% to its lowest
since 2013, with bourses in France .FCHI and Spain .IBEX
leading losses as the two countries joined Italy in enforcing a
national lockdown.
The U.S. Federal Reserve slashed interest rates to near zero
in another emergency move on Sunday and pledged hundreds of
billions of dollars in asset purchases, saying the epidemic was
having a "profound" impact on the economy. Central banks in Japan, Australia and New Zealand followed
with their own measures, but could not stem a slide in global
stocks. S&P 500 futures ESCv1 tumbled 4.77% to their daily
down limit shortly after resuming trading on Sunday night.
MKTS/GLOB
Energy stocks .SXEP tracked a dive in oil prices, while
airlines EasyJet EZJ.L , British-Airways owner IAG ICAG.L and
Air France - KLM AIRF.PA were among the biggest decliners on
the STOXX 600.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.