European shares at two-month low on inflation fears By Alborsanews

European shares at two-month low on inflation fears By Alborsanews
European shares at two-month low on inflation fears By Alborsanews

© Reuters. European shares at two-month low on inflation fears

European shares fell to their lowest level in two months on Friday, continuing a global sell-off as investor sentiment was negatively affected by growing concerns about slowing economic growth and rising inflation.

The pan-European STOXX 600 index fell 1.3 percent, while the travel and leisure, banking and auto industry sectors led the decline, down more than two percent.

British online retailer AO World plunged 20.4 percent after it said revenue growth in the first half of the year was hit by a shortage of UK delivery drivers and other disruptions in global supply chains.

Daimler (DE:) (DE:) shares fell 2.1 percent even after it said its shareholders had voted to separate and list its trucking unit by the end of 2021.

BMW (DE:) (DE:) shares fell 0.9 percent despite the company raising its annual profit margin forecast.

Data released earlier revealed that manufacturing activities in Asia cooled in September, as signs of slowing Chinese growth and factory closures due to the Corona virus pandemic pressure the economies of the region.

Source: Reuters

Explanation of the risks: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn’t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


European shares twomonth inflation fears Alborsanews

For Latest Updates Follow us on Google News

PREV Cuts in Tesla? Elon Musk closes its California offices
NEXT The head of the division clarifies the date of the rise in gold prices.. an opportunity to buy