European stocks slammed by economic concerns

Now back in negative territory over the last 52 weeks, the Stoxx Europe 600 SXXP, -1.26% tumbled 1.22% to 383.27.

U.S. stock futures ES00, -0.61% were weaker after the 343-point downturn for the Dow DJIA, -1.28% industrials on Tuesday, when the Institute for Supply Management reported a downturn in its closely watched U.S. manufacturing index to the worst level in more than a decade. “The global manufacturing recession is global, in that it includes the U.S. Some of it comes from China, and some of it comes the White House but it’s pretty global and while Germany is suffering worse than anyone else, even the U.S. is feeling it,” said Kit Juckes, global fixed income strategist at Société Générale.

Flutter Entertainment FLTR, +21.09% shot up 18% as the bookmaker announced it will buy Canada’s The Stars Group TSG, +2.20% in a stock swap in which it will control nearly 55% of the combined company. Flutter said the deal will lift underlying earnings per share by at least 50% in the first full year following completion, and its combined revenue of £3.8 billion will make it the largest online betting and gaming operator.

WHY aren't they concerned about the state of the European economy!? You have the German economy engine spluttering, the EU with NEGATIVE interest, and increased QE... And they worry about US economy

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BAML predicts rally for European stocks over the coming monthsEuropean equities could jump 6% over the coming months, according to Bank of America Merrill Lynch (BAML)'s latest report.
Source: CNBC - 🏆 12. / 72 Read more »

Schwab to drop commissions on U.S. stock, ETF and options trades, slamming online broker stocksCharles Schwab Corp. shares fell sharply in premarket trade Tuesday, after the company said it is planning to drop commission on U.s. stocks, ETFs and...
Source: MarketWatch - 🏆 3. / 97 Read more »

This upcoming event could turn the market into a 'minefield,' says Peter BoockvarBrace yourselves. The U.S. stock market could become a “minefield” this upcoming earnings season as companies begin to feel the heat from slowing economies around the globe, warns Peter Boockvar, chief investment officer at Bleakley Financial Group. Scare campaigns by CNBC Economies that Trump celebrates having trouble - particularly ex-allies. He loves to say they’re doing terribly -though also loves to say he can’t wait to make NK rich. So, what types of industries will this help? Oil?
Source: CNBC - 🏆 12. / 72 Read more »