👀 Copy Legendary Investors' Portfolios in One ClickCopy For Free

Host of global worries drive European shares lower

Published 13/08/2019, 08:28
© Reuters.  Host of global worries drive European shares lower
ES35
-
IT40
-
HNKG_p
-
STOXX
-
SX7P
-
SXDP
-
SX86P
-
HFGG
-

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
Aug 13 (Reuters) - European shares fell on Tuesday, as a
slew of economic and geopolitical worries including Italy and
Argentina's political uncertainty and unrest in Hong Kong,
compelled investors to take refuge in safe harbors like bonds
and gold.
The pan-European STOXX 600 index .STOXX fell 0.3% by 0715
GMT, with the bank-heavy Milan .FTMIB and Madrid .IBEX
indexes leading losses.
Markets, already reeling from fears that the United States
and China may not end their bitter trade-war anytime soon, were
distressed further as Argentina's currency crashed, unrest in
Hong Kong intensified and Italy's political worries deepened.
The dour mood in general has seen bond yields dive and banks
take a beating, with European lenders .SX7P leading sector
declines.
Corporate news was light as the second-quarter earnings
season draws to a close.
Henkel HNKG_p.DE shares slid 4% after the German consumer
goods company lowered its full-year outlook for sales and
earnings, but German meal-kit delivery firm HelloFresh HFGG.DE
jumped 12% on breaking-even for the first time since its trading
debut.
Defensive plays such as real estate .SX86P and healthcare
.SXDP were among the few sectors in the black.

Latest comments

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.