Major European Stock Markets Fell On Thursday After Trading Began
Major European stock markets fell on Thursday after trading began on the old continent. They deepened the losses they recorded in Asia.
This is due to concerns about economic damage in connection with the resumption of some blockades for the second wave of the COVID-19 pandemic.
Also fading hopes for fiscal stimulus in the US before the November presidential election. These factors have contributed to the decline in global demand for equities.
The London reference index FTSE 100 fell 1.5% to 5,847.59 points on Thursday after trading in Europe.
The pan-European STOXX 600 index decreased by 1.3%. In the euro area, the Frankfurt DAX 30 index fell by 1.6% to 12,824.50 points and the Paris CAC 40 by 1.4% to 4874.21 points.
More and more European countries have announced that they are closing schools and canceling operations to cope with the rise of those infected. As a result, stock exchanges in France (FCHI), Italy (FTMIB), Spain (IBEX) and Germany (GDAXI) fell between 1.3% and 1.6%.