European shares fall on US Fed’s grim view on recovery | Malay Mail

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LONDON, Aug 20 — European stocks were hit by a wave of selling in global equity markets today after the US Federal Reserve signalled a long and difficult path of recovery for the world’s largest economy. The pan-European STOXX 600 index fell 1.2 per cent by 0712 GMT, with miners slumping 2.7...

Other economically sensitive sectors such as banks and automakers and oil and gas dropped between 1.6 per cent and 1.9 per cent. — Reuters pic

The pan-European STOXX 600 index fell 1.2 per cent by 0712 GMT, with miners slumping 2.7 per cent due to lower metal prices. Chilean miner Antofagasta’s shares fell 4.3 per cent after it posted a 22.4 per cent plunge in first-half core earnings on lower copper sales, but said it would pay an interim dividend.

 

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