Economic news

Apple warning drives Europe's tech sector in red

Stunning Apple’s announcement has pushed lower the European shares on Thursday. Apple shares at Frankfurt stock exchange fell down 7.87 percent.

europe stocks January 3 2019

The Stoxx 600 index slipped to 335.16, having extended the previous session’s drop of 0.1 percent.

The German DAX 30 and the French CAC 40 both skidded 0.8 percent, while the Italian benchmark FTSE MIB slid 0.6 percent to 18,233.13.

In Britain, the FTSE 100 index was down 0.3 percent, having dipped to the level of 6,714.13.

The euro rose to $1.1382, having stopped at $1.1466 late Wednesday in New York.Sterling lost its weight from $1.2745 to $1.2561.

The following companies experienced the biggest fall: LVMH, Kering, Burberry, and Swatch were down 2.7 to 3.8 percent.

Among those rare gainers were Next with a 5.9 percent rise and Peer Marks & Spencer increase of 3.3 percent.


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