Economic news

EU market slows more as third-quarter profits fall

Europe’s businesses record the lowest profits in almost three years, suffering from a slower economy and higher expenses, with investor confidence sagging even more after the Brexit case and Italian budget policy.

Photo: Reuters

The STOXX 600 is on course to add 15.8% in the July-September quarter compared to the period last year, while the increase for the year is moving towards 8.4%. 2017 result was 12.2% upping.

Recently stocks have been fluctuating heavily as companies reported of the negative effects that bigger tariffs and eased demand globally cause, while equity markets dip and volatility grows.

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