Markets

European stocks fall for 3rd session on global political tensions

2019-08-13 12:19:52 GMT (Economies.com)

European stocks opened lower today, extending losses for the third straight session, due to risk aversion on concerns over the global political tensions.

 

As of 11:05 GMT, Stoxx Europe 600 fell more than 0.4%, as it closed yesterday lower by 0.3%, its second daily loss on global economic slowdown concerns.

 

The index fell today, to deepen its losses for the third straight session, with most of the european markets and sectors falling.

 

The auto industry is the biggest loser in Europe today, as it fell more than 1.5%, on the US-China trade war concerns.

 

The Italian Senate of the Republic is scheduled to meet today with its full members to determine the date for widrawing confidence from the government as the motion was presented by Matteo Salvini.

 

Hong Kong's protests strikes and protests, which led to the cancellation of more than 150 flights, in one of the world's largest airports for air cargo.

 

Argentine President Mauricio Macri lost in the primary elections unexpectedly, which has pushed the peso and the Argentine stocks market lower.

 

S&P 500 futures fell more than 0.4%, after it closed yesterday at Wall Street  lower by 1.2%, its second daily loss in a row.

 

In Europe, Euro Stoxx 50 fell by 0.5%, while in France the CAC 40 fell by 0.4%, with Germany's DAX shedding 0.75%, and in London FTSE 100 fell 0.4%.

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