News Formal

Europe: Pandemic fears pummel stocks into correction territory

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Read more at The Business Times.

Thursday's sell-off saw more than 97 per cent of the pan-European Stoxx 600 index's constituents trading red, with basic resources stocks among the worst performers as commodity prices plunged amid fears of sustained disruptions in the global supply chain.

London-listed miner Evraz Plc was the worst performing stock in the sector after it posted weak 2019 earnings. Standard Chartered fell 3.5 per cent after the bank said a key earnings target would take longer to meet as the epidemic adds to headwinds in China and Hong Kong. The broader bank sector was also pressured by a drop in bond yields.

Advertising major WPP tumbled 16 per cent, marking its worst day since August 1992, after saying it would target flat organic growth and profit margins in 2020. The stock was the worst performer on the Stoxx 600.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 15. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Asian stocks, Treasury yields fall as pandemic fears intensifyAsian shares fell on Wednesday as a U.S. warning to Americans to prepare for the possibility of a coronavirus pandemic drove another Wall Street ...
Källa: ChannelNewsAsia - 🏆 6. / 66 Läs mer »

Asia stocks sink again as pandemic fears intensify; STI down 0.8%TOKYO (REUTERS) - Asian shares fell on Wednesday (Feb 26) as a US warning to Americans to prepare for the possibility of a coronavirus pandemic drove another Wall Street rout and pushed yields on safe-haven Treasuries to record lows.. Read more at straitstimes.com.
Källa: The Straits Times - 🏆 8. / 63 Läs mer »