News Formal

European Stocks Slide to Six-Month Low on Interest Rates Worry

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 50%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

European equities fell to six-month lows on Wednesday, as conviction grew that central banks were set to keep interest rates high for a prolonged period of time.

The Stoxx 600 index slid 0.2% on the day, falling for a fifth straight session and ending at its lowest level since March. Germany’s DAX slipped 0.2%, while France’s CAC 40 was little changed, with both indexes plumbing six-month lows. The pan-European index is on track for its first lossmaking quarter of 2023.

Among individual movers, Dutch insurer NN Group NV plunged the most since its listing after a court concluded that it shouldn’t have imposed certain costs and deductions on some unit-linked insurances. Retailer Hennes & Mauritz AB rallied after posting a bigger-than-expected earnings gain reducing an inventory backlog that’s plagued the company for more than seven years.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 83. in FR

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

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 ...
La source: SaltWire Network - 🏆 45. / 63 Lire la suite »

European Stocks Sink to July Lows on China, Interest Rate WoesEuropean stocks extended their decline to the lowest level since July, dragged lower by renewed worries over China’s property sector and concerns around a higher-for-longer narrative from central banks.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »

European shares fall for fifth day as real estate stocks tumbleBy Bansari Mayur Kamdar and Sruthi Shankar (Reuters) -European shares fell for a fifth day in a row on Wednesday, with real estate stocks hammered by ...
La source: SaltWire Network - 🏆 45. / 63 Lire la suite »

Toronto stocks slip at open as commodity stocks weighMarket News
La source: KitcoNewsNOW - 🏆 13. / 78 Lire la suite »