Netflix stock price falls 5% on Tuesday. Why? Read the news.
European shares sharply decline after Barcelona attack
On Friday, European equities started steeply because market sentiment weakened reacting to news of a recent terrorist attack in Barcelona, while political turmoil in America also kept rattling traders’ confidence.
The EURO STOXX 50 lost 0.89%, Germany’s DAX 30 dipped 0.69%, France’s CAC 40 decreased 0.90%, while Spain’s IBEX 35 inched down 0.98%.
Market sentiment was affected after on Thursday a van suddenly rammed into pedestrians in a crowded tourist area, Barcelona, murdering 13 people and injuring up to 100 others.
Financial markets were also anxious after on Wednesday eight chief executives abandoned two business advisory councils protesting over Donald Trump’s quite controversial statement on weekend violence in Virginia.
Financial equities broadly declined because French lenders BNP Paribas as well as Societe Generale lost 1.71% and 1.32% respectively. Meanwhile, Germany’s Commerzbank as well as Deutsche Bank went down 1.19% and 2.22% respectively.
FTSE 100 sagged 0.61% because British lenders tracked their EU rivals lower.
Three main drivers of the market: the stimulus package, the US presidential election and the coronavirus. Let's look how market reacts.
The US Department of Justice thinks 87% a market share is too much for Google alone. The market thinks it's ok.
EU Flash Manufacturing & Services PMI will come out on Friday at 11:00 MT time!