European stocks end deeply in negative territory

Markets 7/11/2018, 6:00 PM
European stocks end deeply in negative territory

Investors sold off stocks on Wednesday, with European markets following the lead from Asian exchanges after the United States unveiled a plan to introduce 10% duties on Chinese merchandise worth $200 billion, nearly all imports left after the first package of trade barriers. Precious metals and oil were also hit and the dollar advanced, while bonds were mixed. Meanwhile, traders were following the summit of the North Atlantic Treaty Organization for any more cracks appearing between the members of the alliance.

The FTSE finished 1.3% in the hole in London, led by Micro Focus's slump of 9.17%. The German DAX closed 1.53% down. ThyssenKrupp was the worst constituent, falling 4.27%. The CAC 40 ended 1.48% lower with Carrefour's 4.87% loss at the bottom of the chart.

The euro was 0.2% in the red at 5:58 pm CET, buying $1.17214. The pound retreated 0.3% to $1.3236 and the joint currency added 0.1% to trade for £0.88557. Gold showed a 0.68% loss to $1,246.93 per ounce and silver declined 1.32% to $15.85.

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Germany 30 In...-1.06%

Chart for: Germany 30 Index

France 40 Ind...-0.43%

Chart for: France 40 Index

UK 100 Index-0.12%

Chart for: UK 100 Index

Gold US Dolla...+0.70%

Chart for: Gold US Dollars per Ounce Spot Prices