News Formal

Europe: Weak data, Brexit woes knock stocks off 1-month high

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

[BENGALURU] European shares retreated from a 1-month high on Tuesday as weak US factory data added to worries about global growth, while uncertainty over Britain's chaotic exit from the European Union knocked the FTSE 100 lower after a four-day run of gains. Read more at The Business Times.

Mr Johnson lost his working majority in parliament when one of his Conservative lawmakers defected to the pro-European Union Liberal Democrats.

"If we see continued period of sterling strength, I would expect domestically focused mid-cap FTSE 250 names to outperform. People are currently are quite underweight on the UK names than the more globally exposed large-cap names.

The rising worries encouraged investors to shift away from risky equities to safe-haven assets such as government bonds, resulting in yields on German and Italian 10-year bonds hitting a record low.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

US stocks tumble on tariffs, weak dataNEW YORK (AFP) - Wall Street stocks tumbled on Tuesday (Sept 3) as new tariffs in the US-China trade war took effect, while US data pointed to weakness in the manufacturing sector.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

US stocks tumble on tariffs, weak dataNEW YORK: Wall Street stocks tumbled on Tuesday (Sep 3) as new tariffs in the US-China trade war took effect, while US data pointed to weakness in ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Europe: London stock market opens higher after pound slides[LONDON] London's stock market opened higher on Tuesday after the pound slumped under US$1.20, lifting share prices for multinationals who get most of their earnings overseas, while eurozone indices dropped. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »