European
stocks closed with sharp losses on Friday. Most significant declines recorded
the banking sector, resource companies and carmakers. Amid the intensive equity
sell off, investors turned to the safer government bonds.
Stoxx Europe 600 fell 2.4% to 332.92 points, ending at the lowest level since
6th May. Moreover, the decline marked the biggest daily loss since February 11.
Stoxx 600 Index marked the second consecutive week of losses, marking a weekly
decline of 2.5%.
DAX 30 index plummeted with 2.5% to finish at 9,836.00, reaching a
3-week low. FTSE 100 index dipped 1.80% to 6,119.47 points. CAC 40 dropped with 2.21% to 4,3078.12, while the pan-European
Euro Stoxx 50 index fell 2.56% to close at 2,912.59.
US
stocks reported losses for a second business day in a row on Friday, pressured by
the Brexit uncertainty and the decline in oil prices.
Earlier in the week, S & P 500 almost reached its record high at 2,130.82
set in May 21, 2015.
On Friday, S & P 500 recorded a decrease of 0.9% to 2,096.07 points, falling below the psychological level at 2,100. The benchmark recorded a weekly loss of 0.2%, which was the first decline for the last four weeks.
Among the other indices, Dow Jones Industrial Average dropped with 0.66% to 17,866.71 and Nasdaq is down with 1.29% to 4,894.55 points.
On Friday, S & P 500 recorded a decrease of 0.9% to 2,096.07 points, falling below the psychological level at 2,100. The benchmark recorded a weekly loss of 0.2%, which was the first decline for the last four weeks.
Among the other indices, Dow Jones Industrial Average dropped with 0.66% to 17,866.71 and Nasdaq is down with 1.29% to 4,894.55 points.
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