European shares ended Friday’s session with sharp losses with the market worried about the state of China’s economy.
Shares Europe reported on Friday its biggest daily decline since October last year, as growing concerns about the state of China’s economy affected stock markets worldwide and many investors remained cautious about the near-term outlook.
The pan-European FTSEurofirst 300 index fell 3.10 percent unofficially.
The British FTSE index fell 2.50%, the German DAX dropped 2.70% and the French CAC lost 2.90 percent.
The main European stock markets posted sharp declines on Friday, weighed down by concerns about the Chinese economy and the falling price of raw materials.
In London, the FTSE-100 index of top titles lost 2.83% from Thursday and stayed at 6187.65 points.
The Dax in Frankfurt fell 2.95% to 10124.52 points.
The Paris Bourse suffered an even steeper decline of 3.19% to 4630.99 points.
The IBEX-35 Madrid shrank 2.98% to close at 10,271.70 points.
In Milan, the FTSE Mib index fell by 2.83% ending the day at 21.746 points.
With information from Reuters and AFP
frm
No comments:
Post a Comment