European shares sharply decline after Barcelona attack

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.


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