European stocks slumped Thursday in early trade, losing ground for a fourth session as traders looked for a new catalyst after the breathtaking rally from the depths of the coronavirus crisis.Decliners included airline Deutsche Lufthansa LHA, -6.55% , oil service firm John Wood Group WG, -6.95% and travel agent TUI TUI, -6.06% .
Futures on the Dow Jones Industrial Average YM00, -1.98% fell 544 points, after the 282-point drop for the blue chips DJIA, -1.03% on Wednesday. “Yes, investors appear to have continued locking profits after the recent steep surge in equities, but we don’t expect this to last for long. Eventually, the continued easing of the lockdown measures, combined with more data suggesting that the worse with regards to the coronavirus is behind us, may allow investors to increase their risk exposures again,” said Charalambos Pissouros, senior market analyst at JFD Group.
And will be back up again in a few days. Drama news
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