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European stocks lower on recession fears; Boohoo slumps By Investing.com

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*EUROPEAN STOCKS FALL ACROSS THE REGION AS RECESSION FEARS BITE 🇪🇺🇩🇪🇫🇷🇮🇹🇪🇸🇳🇱🇬🇧

) stock fell 5.3% after the U.K.-based fast fashion company stated the outlook for the year ahead is still"uncertain due to macro-economic factors”, expecting revenue to drop around 12% in the current fiscal year.

Deliveroo stock rose 0.6% after the food delivery company upgraded its annual core profit margin after elevated prices and cost cutting helped ease the impact from a downturn in orders in the fourth quarter. Lufthansa stock fell 0.3% after the German airline offered to buy an initial minority stake in ITA, Italy's state-owned successor to Alitalia.

Oil prices fell Thursday as weak U.S. economic data and an industry report showing a surprise jump in U.S. crude stocks raised demand concerns over the largest economy in the world. Data released Wednesday showed a sharp decline in U.S. retail sales and manufacturing output, raising fears of a recession this year.

 

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EUROPEAN STOCKS FALL ACROSS THE REGION AS OPTIONS EXPIRY WEEK MANIPULATION.

Sell sell sell, so I can buy cheap!! 🤘

Would be lovely to see EURUSD dropping and start selling off once again amid dollar strength

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