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The pan-European Stoxx 600 index was down 0.6% by 0709 GMT, with the travel, leisure and technology sectors being the biggest losers. Shares were oil And gas is the only winner, with crude prices exceeding $110 a barrel.
US stocks closed sharply lower Thursday as investor sentiment waned in the face of fears that this week’s interest rate hike would not be enough to stem spiraling inflation.
The earnings also negatively affected sentiment in Europe.
Adidas stock fell 4% as the company cut its forecast for 2022 sales due to the continued anti-pandemic closures in China to harm the German sportswear company.
ING Group, the largest Dutch bank, fell 2.2% as it reported worse-than-expected quarterly net income, including an increase in provisions for bad loans due to exposures in Russia and Ukraine.
Denmark’s Ambo Medical Devices shares fell 13.9% after announcing pessimistic full-year profit forecasts due to supply chain problems and a shortage of hospital staff.
In the United States, in light of the concern about the repercussions of the Ukraine crisis on the American economy and fears of the continuation of the closures in China and the extension of the closures to Beijing, which caused the Dow Jones index to lose more than a thousand points, while the Nasdaq index fell by 5%, making Wall Street its worst daily loss Since February of the year 2020, the total losses amounted to 1.3 trillion dollars.
In Australia, losses were violent and exceeded 65 billion dollars in one session.
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The pan-European Stoxx 600 index was down 0.6% by 0709 GMT, with the travel, leisure and technology sectors being the biggest losers. Shares were oil And gas is the only winner, with crude prices exceeding $110 a barrel.
US stocks closed sharply lower Thursday as investor sentiment waned in the face of fears that this week’s interest rate hike would not be enough to stem spiraling inflation.
The earnings also negatively affected sentiment in Europe.
Adidas stock fell 4% as the company cut its forecast for 2022 sales due to the continued anti-pandemic closures in China to harm the German sportswear company.
ING Group, the largest Dutch bank, fell 2.2% as it reported worse-than-expected quarterly net income, including an increase in provisions for bad loans due to exposures in Russia and Ukraine.
Denmark’s Ambo Medical Devices shares fell 13.9% after announcing pessimistic full-year profit forecasts due to supply chain problems and a shortage of hospital staff.
In the United States, in light of the concern about the repercussions of the Ukraine crisis on the American economy and fears of the continuation of the closures in China and the extension of the closures to Beijing, which caused the Dow Jones index to lose more than a thousand points, while the Nasdaq index fell by 5%, making Wall Street its worst daily loss Since February of the year 2020, the total losses amounted to 1.3 trillion dollars.
In Australia, losses were violent and exceeded 65 billion dollars in one session.