European Stock Indexes Fall Sharply as Oil Rises

Dow Jones10-22 15:36

0736 GMT - European stock indexes slide in opening trade as higher oil prices and another tech wobble weigh on sentiment. Banks drop sharply, helping to drag the continent-wide Stoxx 600 down 2.1%. London's FTSE 100 is 0.7% lower as losses for miners and banks are somewhat buffered by rising energy stocks. The German DAX drops 0.9%, weighed by a 3% fall for AI-linked Siemens Energy and a 2.5% decline for Deutsche Bank. In Paris, the CAC 40 falls 1.25% as French government bond yields hit multidecade highs. Societe Generale drops 2.8%, while luxury names fall with Hermes tumbling 8% after earnings. Italy's FTSE MIB falls 1.3% while the Spanish IBEX 35 drops 1.4%. The Dutch AEX is 1% lower as semiconductor names fall. ASML drops 3%.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment