2023-10-12 16:45:38

European Stocks Close Lower For 6th Straight Session On Growth Concerns

Logo Nasdaq
Nasdaq
By Rtt News

(RTTNews) - European stocks closed lower on Wednesday, extending recent losses, as global growth concerns, rising interest rates and geopolitical tensions continued to weigh.

Investors, digesting some earnings news and the latest batch of economic data from the region, and looking ahead to U.S. consumer price inflation data, due on Thursday, chose to stay cautious and largely refrained from making significant moves.

The pan European Stoxx 600 ended 0.53% down. The U.K.'s FTSE 100 drifted down 0.86%, Germany's DAX declined 0.39% and France's CAC 40 shed 0.25%, while Switzerland's SMI edged down 0.15%.

AD
AD

Among other markets in Europe, Austria, Belgium, Finland, Iceland, Ireland, Netherlands, Norway, Poland, Portugal, Spain and Turkiye closed weak.

Czech Republic, Denmark, Greece and Russia ended higher, while Sweden settled flat.

In the UK market, JD Sports Fashion plunged more than 10%. Persimmon ended lower by about 6.2%. Lloyds Banking Group, Harbour Energy, B&M European Value Retail, Ocado Group, Hargreaves Lansdown, Rolls-Royce Holdings and Natwest Group lost 4 to 6%.

Continue read on nasdaq.com

AD
Logo RTTNews
EconomyBy Rtt News Staff Writer2023-10-12 16:45:38
European stocks closed lower on Wednesday, extending recent losses, as global growth concerns, rising interest rates and geopolitical tensions continued to...

Logo Nasdaq
Business / FinanceBy Rtt News2023-10-07 17:04:26
(RTTNews) - European stocks closed notably lower on Friday after data from U.S. Labor Department showing a stronger than expected growth in U.S. non-farm...

Logo RTTNews
EconomyBy Rtt News Staff Writer2023-10-07 17:04:26
European stocks closed notably lower on Friday after data from U.S. Labor Department showing a stronger than expected growth in U.S. non-farm payroll in the...

Logo RTTNews
EconomyBy Rtt News Staff Writer2024-09-15 17:22:38
European stocks closed lower on Thursday as concerns about slowing growth, tighter monetary policy, and the energy crisis weighed on investor sentiment. The...

Logo RTTNews
MarketsBy Rtt News Staff Writer2023-09-28 17:20:55
The major European stocks closed higher on Wednesday, as investors reacted positively to the Bank of England's announcement that it would suspend its U.K....

Logo RTTNews
MarketsBy Rtt News Staff Writer2023-09-30 17:21:18
European markets closed on a firm note on Friday, as stocks saw some spirited buying, tracking a recovery in the U.S. market on hopes the Fed is monitoring...

Logo Nasdaq
MarketsBy Rtt News2024-09-15 17:22:38
(RTTNews) - European stocks closed lower on Thursday as concerns about slowing growth, tighter monetary policy, and the energy crisis weighed on investor...

Logo Nasdaq
MarketsBy Rtt News2024-09-20 17:09:16
(RTTNews) - European stocks closed notably lower on Tuesday amid rising concerns that aggressive monetary tightening by central banks to fight inflation...

Logo RTTNews
EconomyBy Rtt News Staff Writer2024-09-20 17:09:16
European stocks closed notably lower on Tuesday amid rising concerns that aggressive monetary tightening by central banks to fight inflation might result in...

Logo Nasdaq
Business / FinanceBy Rtt News2023-09-30 17:21:18
(RTTNews) - European markets closed on a firm note on Friday, as stocks saw some spirited buying, tracking a recovery in the U.S. market on hopes the Fed is...

Logo RTTNews
EconomyBy Rtt News Staff Writer2023-10-04 16:57:31
European markets closed on an upbeat note on Tuesday as stocks kept surging higher and higher after opening on a firm note, amid rising hopes the Fed and...

Logo Nasdaq
MarketsBy Rtt News2023-10-04 16:57:31
(RTTNews) - European markets closed on an upbeat note on Tuesday as stocks kept surging higher and higher after opening on a firm note, amid rising hopes the...

Logo Nasdaq
MarketsBy Rtt News2024-09-23 17:09:00
(RTTNews) - European stocks tumbled on Friday, and several markets in the region plunged to multi-month lows, as mounting fears about a global recession...

Logo RTTNews
MarketsBy Rtt News Staff Writer2024-09-14 17:12:08
European stocks closed notably lower on Wednesday as investors continued to react to Wednesday's report from the U.S. Labor Department showing...

Logo Nasdaq
MarketsBy Rtt News2024-09-14 17:12:08
(RTTNews) - European stocks closed notably lower on Wednesday as investors continued to react to Wednesday's report from the U.S. Labor Department showing...

Logo RTTNews
EconomyBy Rtt News Staff Writer2023-10-06 17:10:49
European markets failed to hold early gains and ended weak on Thursday as worries about slowing growth and rising inflation weighed on sentiment. Hopes about...

Logo Nasdaq
MarketsBy Rtt News2023-10-06 17:10:49
(RTTNews) - European markets failed to hold early gains and ended weak on Thursday as worries about slowing growth and rising inflation weighed on sentiment....

Logo RTTNews
EconomyBy Rtt News Staff Writer2024-09-16 16:51:02
European stocks closed sharply lower on Friday, extending recent losses, as mounting fears about a global recession rendered the mood extremely bearish. The...

Logo Nasdaq
Business / FinanceBy Rtt News2024-09-16 16:51:02
(RTTNews) - European stocks closed sharply lower on Friday, extending recent losses, as mounting fears about a global recession rendered the mood extremely...

Logo RTTNews
MarketsBy Rtt News Staff Writer2024-09-23 17:09:00
European stocks tumbled on Friday, and several markets in the region plunged to multi-month lows, as mounting fears about a global recession triggered...