قالب وردپرس درنا توس
Home / Business / European equities on the run for the worst six-week decline in China

European equities on the run for the worst six-week decline in China



European equities were on track for their worst one-off result in six weeks after concerns over US-China trade talks.

Stoxx Europe 600

SXXP, -0.78%

fell 0.54% to 403.32, the worst day since October 8.

The German DAX

DAX, -0.84% ​​

fell 0.68% to 1

3131.87, French CAC 40

PX1, -0.63%

decreased 0.63% to 5871.98. and the UK FTSE 100

UKX, -1.36%

decreased 0.64% to 7276.84.

The U.S. Senate readily approved a bill on Tuesday to support human rights in Hong Kong, prompting China to threaten "strong countermeasures." In addition, President Trump threatened to raise tariffs with China further if no agreement is reached. The editor of China's Global Times, which is closely followed by markets for its perceived links with the Chinese government, tweeted that "few Chinese believe that China and the United States can come to an agreement soon."

U.S. equity futures

ES00, -0.33%

also weakened.

Of stocks on the go, Kingfisher

KGF, -6.85%

shares fell 5.7% when the home improvement store operator reported a 3.7% decrease in comparable store sales in the quarter ended October 31. The retailer blamed continued disruption from new assortment of implementations, lower promotional activity and ongoing operational challenges in France, as well as softer market conditions in the main markets, for the decline.

Fevertree Drinks

FEVR, + 12.83%

shares went up 5.5% despite a warning from the tonic water manufacturer, which said revenue for the financial year would be between £ 266 million and £ 268 million . This was below the FactSet compiled analyst consensus of £ 271.6 million. Fevertree said growth accelerated in the most important emerging markets in the US and Europe. However, British developments in so-called off-trade businesses such as supermarkets were behind expectations, which the company attributed to a decline in consumer spending.

Swedbank

SWED.A, -4.03%

shares fell 3.3%. The bank said that a news program for Swedish public service has claimed that the bank violated US sanctions. The bank said an internal investigation is being led by law firm Clifford Chance and that it is not aware of any breach of the Office of Foreign Assets Control rules.


Source link