The Stoxx 600 Index fell 0.6% at the close in London, with technology and real estate sectors among the biggest laggards. Semiconductor-equipment maker ASM International NV fell after giving earnings guidance that underwhelmed investors. Luxury stocks including Richemont and LVMH dropped after Morgan Stanley cut earnings estimates for the industry, citing weakness in China.
Stocks extended losses further on Tuesday afternoon as Minneapolis Fed President Neel Kashkari said he sees 40% probability that the US central bank needs to push rates higher, which is more than what is priced by markets at the moment.
España Últimas Noticias, España Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
China, rate woes send European stocks to one-month lowsMarket News
Fuente: KitcoNewsNOW - 🏆 13. / 78 Leer más »
Higher yields weigh on European shares, luxury stocks enter bear market territoryBy Bansari Mayur Kamdar and Sruthi Shankar (Reuters) -European shares fell for a fourth day on Tuesday, with rate-sensitive technology and real estate ...
Fuente: SaltWire Network - 🏆 45. / 63 Leer más »
Toronto stocks slip at open as commodity stocks weighMarket News
Fuente: KitcoNewsNOW - 🏆 13. / 78 Leer más »