Europe markets close 2% lower, logging worst daily fall since August as mining stocks slide
Publishing timestamp: 2024-11-12 11:43:57
Summary
European markets slid as investors assessed the impact of Donald Trump's return to the White House. Mining stocks led losses, while technology stocks were the only sector to close in positive territory. German inflation rose, and U.S. inflation data and U.K. GDP figures are awaited. Shares of Infineon fell after weak outlook, while ConvaTec and Drax saw gains. A Dutch court dismissed a climate ruling against Shell. U.K.'s unemployment rate rose, and AstraZeneca raised its full-year outlook. Trump's return to the White House has caused ripples in global financial markets. Chinese markets are back in focus after government stimulus measures. European markets are expected to open lower.
Sentiment: MIXED
Tickers: .FTSE, SHEL-GB, MB-IT, XAU=, .FTSE-GB, .FCHI, .STOXX, .FTMIB, CTEC-GB, BAYN-DE, @HG.1, .GDAXI, AZN-GB, DRX-GB,
Keywords: economic events, breaking news: europe, united states, stoxx 600, donald trump, germany, prices, business, business news,
Source: https://www.cnbc.com/2024/11/12/europe-markets-live-updates-stocks-news-data-and-earnings.html