Economic news

European stocks slide as trade concerns and German politics weigh

European stocks dipped in early trading on Monday as concerns over global trade relations and Germany's political uncertainty hurt sentiment.

Photo: Reuters

The pan-European STOXX 600 slumped 0.7% to 377.28.

In France, CAC 40 index fell 0.9% to 5,273.90, and Germany’s DAX 30 index was down 0.3% at 12,265.99, reversed some of its earlier loss of 1.4%. The UK’s FTSE 100 index shed 0.9% to 7,569.95, and Spain’s IBEX 35 tumbled 1.2% to 9,516.20.

Shares in Airbus declined 2.2 percent following a revised outlook for its delivery target for Pratt & Whitney-powered A320neo narrow-body jets this year.

France's supermarket retailer Carrefour and the UK's counterpart Tesco shed 0.7 percent and 0.4 percent respectively after they announced plans to create a global long-term purchasing alliance to demand lower prices from suppliers.

To leave a comment you must or Join us

More news

Back to economic news list

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree