
Please try another search
(Reuters) - European stocks slumped to three-week lows on Tuesday as a resurgence of COVID-19 cases and rate hike concerns knocked sentiment ahead of flash readings on euro zone business activity.
The pan-European STOXX 600 dropped 1% by 0815 GMT, after Asian markets followed Wall Street lower on Federal Reserve Chair Jerome Powell's renomination, which buoyed bets on U.S. rate hikes in 2022. [MKTS/GLOB]
Tech stocks plunged 2.5% as prospect of a high-rate environment dented appeal of the high-growth sector.
Travel stocks slipped 0.9% after the United States issued an advisory against movement to Germany and Denmark due to rising COVID-19 cases, while oil stocks slid 0.3% tracking a dip in crude prices on growing expectations that the U.S., Japan and India will release crude reserves to tame prices.[O/R]
Overall, growing nerves around a fourth wave of COVID-19 infections stalling European economic recovery at a time when central banks are planning the withdrawal of monetary support pulled investors out of equities.
Germany's Thyssenkrupp (DE:TKAG) slumped 6.9% on news that Swedish activist fund Cevian is placing a 6.9% stake in the firm, Refinitiv news service IFR reported.
MADRID (Reuters) - Siemens Energy does not yet see signs of a recovery at wind turbine maker Siemens Gamesa, its chief executive said on Monday after launching a bid for minority...
By Victoria Waldersee BERLIN (Reuters) - BMW is exploring new investments in solar, geothermal and hydrogen energy to lower its dependence on natural gas, the carmaker's...
(Bloomberg) -- Didi Global Inc. is widely expected to secure a blessing from shareholders on Monday to delist in New York, capping an 11-month ordeal that wiped out around $60...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.