European stocks end week down 2.5%, worst since early August slump
Publishing timestamp: 2024-09-06 12:00:39
Summary
European stocks closed lower after weaker than expected U.S. jobs report, with tech and mining stocks seeing the biggest losses. U.S. stocks also fell, fueling bets that the Fed will cut interest rates by 50 basis points. Volvo Cars slid to its lowest level since January after scaling back targets, while Rolls-Royce engines on Airbus A350-1000 aircraft are being inspected after a fire incident. ECB expected to resume interest rate cuts.
Sentiment: NEGATIVE
Tickers: VLVOF, .FTSE, .STOXX, .FCHI, .FTMIB, ASM-NL, .SPX, ASML-NL, 8JO0-FF, NVDA, 0AAK-GB, RR.-GB, .GDAXI, VOW3-DE, VOW-DE,
Keywords: ftse mib, ftse 100, cac 40 index, dax, s&p 500 index, stoxx 600, london, business news, united states, france, volkswagen ag, rolls-royce holdings plc, economic events, volvo car ab, labor economy, nvidia corp, asm international nv, germany, personnel, world markets, asml holding nv, world economy, india,
Source: https://www.cnbc.com/2024/09/06/europe-markets-us-jobs-report-airbus-insection.html