European Stocks approach Month-Low lows after Wall Street selloff

European Stocks approach Month-Low lows after Wall Street selloff

European stocks opened near their lowest level in a month on Thursday, following the biggest cascade of Wall Street sales since October due to concerns about the high prices of some stocks, as well as that Investors were also wary of the rise in the most contagious variants of the coronavirus.

The pan-European STOXX 600 index fell 1% at 0812 GMT and was accumulating losses so far this year, while major regional exchanges such as the German DAX and the French CAC 40 continued to enter the red and the FTSE 100 British maintained slight accumulated gains in the year.

Investors ignored the strong results from Apple and Facebook known overnight, as well as the promise of the US Federal Reserve to maintain a flexible monetary policy, as concerns about the slow implementation of COVID-vaccines. 19 and the new restrictions in Europe weighed on the spirits.

Germany is preparing entry restrictions for travelers from the United Kingdom, Brazil and South Africa, while its health minister expects the current shortage of coronavirus vaccines to continue well into April.

The mining, technology and hydrocarbon sectors accumulated the greatest losses, with falls of between 1.5% and 1.6%.

Diageo was up 4% after the world’s largest spirits maker reported an unexpected increase in ordinary net sales growth in the first half of its fiscal year, driven by strong demand from the United States.

Ben Oakley
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