Markets

Europe falls for first session in eight on profit-taking

2019-02-07 12:46:22 GMT (Economies.com)

European stocks fell on Thursday for the first session in eight off 12-week highs on active profit-taking, with the advertisement sector leading the decline after weak earnings. 

 

Dow Jones Stoxx Europe 600 fell 0.7% as of 11:17 GMT, after closing up 0.2% yesterday, the seventh profit in a row with 12-week highs. 

 

Stoxx is thss heading for the first loss in eight session on profit-taking as most sectors bleed. 

 

The advertisement sector lead the decline with a 1.7% drop, with the Publicis Group slumping 11% after disappointing earnings, nudging ratings agencies to cut their calls for the share.  

 

On Wall Street, Standard and Poor's 500 futures slid 0.6%, after closing down 0.2% yesterday, the first loss in six sessions. 

 

Euro Stoxx 50 dropped 0.7%, while the French CAC 50 fell 0.65%, and Germany's DAX down 1.1% after weak industrial data. 

 

London's Financial Times 100 shed 0.3% ahead of Bank of England's policy decisions. 

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