European shares in lowest level

6
Las bolsas europeas abrieron a la baja el jueves por unos datos económicos decepcionantes en Alemania y Francia que arrojaron nuevas dudas sobe la recuperación económica de la zona euro. En la imagen, un hombre mira las pantallas de los índices bursátiles en la Bolsa de Nueva York el 13 de marzo de 2014. REUTERS/Lucas Jackson
European shares fell to their lowest levels in nearly two years on Tuesday as a new batch of third-quarter earnings failed to offset growing concerns on Brexit, Italy’s budget, Saudi isolation, trade wars, Chinese growth and U.S. interest rates.

 

The pan-European STOXX 600 STOXX was down 1.1 percent at 0826 GMT, its lowest level since December 2016 as it headed toward a fifth day of losses after a negative close in Asia and on Wall Street.

Other benchmarks sustained heavy losses, such as Germany’s DAX .GDAXi down 1.4 per cent, also at December 2016 lows.

“Risk off the table as geopolitical tensions remain,” was the message from LCG analyst Jasper Lawler to his clients ahead of the open.

The European tech sector SX8P posted the worst performance, down 2.2 per cent after chip-maker AMS tumbled and lost 17 per cent after its outlook failed to convince investors.