News Formal

Europe: Tech stocks mark worst day in over four months

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

[BENGALURU] European shares retreated on Thursday with technology stocks leading losses in tandem with their US peers, while a swathe of middling local economic data fuelled bets on continued easy monetary policy. Read more at The Business Times.

The European Central Bank is expected to follow the US Federal Reserve in keeping monetary policy easy.

The selling spread to most other European sectors, with travel and leisure stocks among the few still trading positive. "The progress we've seen so far was the low-hanging fruit, but from here on, it will be a lot more difficult to make progress, and that's already coming across in the data," TS Lombard's Cicione said.

French drugmaker Sanofi and its British peer GSK fell despite starting a clinical trial for a protein-based Covid-19 vaccine candidate.

 

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 UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

Tech stocks boost futures ahead of private payrolls dataS&P 500 futures rose on Wednesday for the ninth time in past ten sessions helped by a rally in tech stocks, as focus turns to economic data that ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »