Virgin Galactic’s Branson flew to space, but the stock of Virgin Galactic (SPCE) dropped. Why?
European markets start lower
On Tuesday, European markets started lower because fresh tensions between North Korea and American put pressure on market sentiment and traders were still digesting the consequences of Sunday's parliamentary elections in Germany.
The EURO STOXX 50 lost 0.12%, Germany’s DAX 30 decreased 0.16% and France’s CAC 40 sagged 0.11%.
Market sentiment worsened after on Monday North Korea's foreign minister Ri Yong Ho told that US President Donald Trump had dared to declare war on his country and respectively North Korea reserved the right to put down US aircraft even if they don’t enter North Korean air space.
Aside from that traders were digesting Angela Merkel’s win on Sunday. However, the chancellor will have to build up a coalition to form a government. It’s because Conservatives lost support amid a sudden soar by the anti-immigration Alternative for Germany (AfD).
FTSE 100 edged down 0.24% in London, suppressed by WPP, whose equities dipped 1.97%.
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