(RTTNews) – European stocks crashed on Friday, prolonging losses from the previous session as investors pressed the panic button amid growing concerns over the economic impact of fast-spread coronavirus infection in several country.
Falling crude oil prices and Treasury yields also hurt.
According to reports, more than 100,000 infections have been confirmed worldwide and more than 3,300 people have been killed by the virus.
The number of virus infections has skyrocketed in Italy, France, Greece and Iran. A cruise ship was stationed off the coast of California to test passengers with symptoms of the disease.
The pan-European Stoxx 600 plunged 3.67%. Among the main indices, the FTSE of the United Kingdom fell by 3.62%, the German DAX lost 3.37% and the French CAC 40 lost 4.14%. The Swiss SMI ended down 4.01%.
Among other markets in Europe, Austria, Belgium, the Czech Republic, Denmark, Finland, Greece, Iceland, Ireland, Italy, the Netherlands, Norway, Poland , Portugal, Russia, Spain, Sweden and Turkey all finished in the red, losing 2 to 5.%.
The shares of miners, car makers and travel-related businesses have plummeted when it is feared that the virus epidemic will seriously damage these sectors.
On the French market, Renault is the only winner of the CAC 40 index. Technip and Airbus Group lost 8% and 7.6% respectively. Schneider Electric, Société Générale, Bouygues, Vini, Carrefour, Safran and ArcelorMittal lost 5 to 7%.
BNP Paribas, Sanofi, STMicroElectronics, Essilor Luxottica, Louis Vuitton, Credit Agricole, Peugeot and Dassault Systemes also fell sharply.
In Germany, Continental, the only winner of the DAX index, rose 1.4%.
RWE lost around 6.7%. Linde, Infineon, Deutsche Post, Merck, E.ON, Bayer, Deutsche Bank, Daimler, Siemens, Adidas and Allianz fell by 3 to 6%. Wirecard, HeidelbergCement, SAP, BMW and Volkswagen also finished sharply lower.
In the British market, Anglo American Pls finished down 8.7%. Smiths Group, Centrica, Carnival, Glencore, Experian, Everaz, Prudential, Ferguson, Kingfisher, Royal Dutch Shell, SMith & Nephew, BP and Scottish Mortgage lost 5 to 8%.
In the economic news, orders at the plant in Germany increased more than expected in January, driven by increased demand in aeronautics and mechanics, revealed data on Destatis on Friday. Factory orders rose 5.5% on a monthly basis, reversing a 2.1% drop in December.
Home prices in the UK rose at a slower pace in February, according to data from the Lloyds Bank affiliate, Halifax and IHS Markit. Housing prices rose 0.3% month-on-month in February, slightly slower than the 0.4% increase seen in January, but faster than the expected 0.2% increase.
In three months to February, house prices rose 2.8% compared to the same period last year, after increasing 4.1% in January.
On a quarterly basis, house prices rose 2.9% from December to February.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
(RTTNews) – European stocks crashed on Friday, prolonging losses from the previous session as investors pressed the panic button amid growing concerns over the economic impact of fast-spread coronavirus infection in several country.
Falling crude oil prices and Treasury yields also hurt.
According to reports, more than 100,000 infections have been confirmed worldwide and more than 3,300 people have been killed by the virus.
The number of virus infections has skyrocketed in Italy, France, Greece and Iran. A cruise ship was stationed off the coast of California to test passengers with symptoms of the disease.
The pan-European Stoxx 600 plunged 3.67%. Among the main indices, the FTSE of the United Kingdom fell by 3.62%, the German DAX lost 3.37% and the French CAC 40 lost 4.14%. The Swiss SMI ended down 4.01%.
Among other markets in Europe, Austria, Belgium, the Czech Republic, Denmark, Finland, Greece, Iceland, Ireland, Italy, the Netherlands, Norway, Poland , Portugal, Russia, Spain, Sweden and Turkey all finished in the red, losing 2 to 5.%.
The shares of miners, car makers and travel-related businesses have plummeted when it is feared that the virus epidemic will seriously damage these sectors.
On the French market, Renault is the only winner of the CAC 40 index. Technip and Airbus Group lost 8% and 7.6% respectively. Schneider Electric, Société Générale, Bouygues, Vini, Carrefour, Safran and ArcelorMittal lost 5 to 7%.
BNP Paribas, Sanofi, STMicroElectronics, Essilor Luxottica, Louis Vuitton, Credit Agricole, Peugeot and Dassault Systemes also fell sharply.
In Germany, Continental, the only winner of the DAX index, rose 1.4%.
RWE lost around 6.7%. Linde, Infineon, Deutsche Post, Merck, E.ON, Bayer, Deutsche Bank, Daimler, Siemens, Adidas and Allianz fell by 3 to 6%. Wirecard, HeidelbergCement, SAP, BMW and Volkswagen also finished sharply lower.
In the British market, Anglo American Pls finished down 8.7%. Smiths Group, Centrica, Carnival, Glencore, Experian, Everaz, Prudential, Ferguson, Kingfisher, Royal Dutch Shell, SMith & Nephew, BP and Scottish Mortgage lost 5 to 8%.
In the economic news, orders at the plant in Germany increased more than expected in January, driven by increased demand in aeronautics and mechanics, revealed data on Destatis on Friday. Factory orders rose 5.5% on a monthly basis, reversing a 2.1% drop in December.
Home prices in the UK rose at a slower pace in February, according to data from the Lloyds Bank affiliate, Halifax and IHS Markit. Housing prices rose 0.3% month-on-month in February, slightly slower than the 0.4% increase seen in January, but faster than the expected 0.2% increase.
In three months to February, house prices rose 2.8% compared to the same period last year, after increasing 4.1% in January.
On a quarterly basis, house prices rose 2.9% from December to February.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.