Sharp decline in European stock markets amid fears of a new global crisis – LaCapital.com.ar

The European stock markets plunged yesterday amid fears of a new recession in the global economy takes place.

The European stock markets plunged yesterday amid fears of a new recession in the global economy takes place.

with this backdrop, the major indices closed with cuts of between 3 and 4.5 percent .

the EuroStoxx, eurozone central index, dropped 3.27 percent to reach 2,785.17 points, while the German DAX fell by 3.30 percent to close at 8,979, 36 points, which stood for the first time since October 2014, below the psychological barrier of 9,000 points.

the trend was also reflected in the stock of Spain, where the main stock index, the Ibex 35, fell 4.4 percent which was its worst day since August, closing at 8,122 points, its lowest level since July 2013.

the day left falls in other European markets, especially in Greece, which gave almost eight percent and where at noon the media and spoke of a “black Monday.”

in this case, besides the pessimistic atmosphere in the markets, investors influenced the refugee crisis (Greece admitted most immigrants sigfuen then travel to the northern countries) and a possible failure of the talks between Greece and its creditors.

trend also had a strong impact on the securities of banks and technology companies.

in Germany, shares of Deutsche Bank and Commerzbanck plummeted 9.5 percent at the end of the day, while fears that the available appropriations are reduced and bankruptcies are declared tightened other values ​​throughout Europe

in the United States the numbers continue to decline. the Dow Jones and Nasdaq lost between 2 and 3 percent in the course of the day.

the bad financial and economic data from China, the price slide for raw materials and rising geopolitical tensions in the Middle East stressed financial markets.