PARIS: The Stoxx Europe 600 Index tumbled 0.7pc to 348.61 at the end of trading in London after a 1.1pc gain previous week impelled it to its peak level since January 2008
“European markets remain underpinned by the Draghi put, but it’s worrying that he seems to be losing support within his own monetary committee.”
The Stoxx 600 advanced 13pc from this year’s low in October through to December 5 on speculation the European Central Bank will start buying government bonds.
Sika tumbled a record 22pc yesterday and Cie. de Saint-Gobain also fell as a hostile bid by Europe’s biggest supplier of building materials sparked a management revolt at the Swiss company.
Shares in oil and gas producers reached a three-year low. The DAX dropped 0.7pc from an all-time high after a report showed German industrial production climbed less than forecast. President Mario Draghi said last week the ECB will assess the need for more monetary stimulus early next year, strengthening his language on plans to expand its balance sheet.
In a sign of potential strife to come, Mr Draghi said the change in wording was not unanimously supported by the Governing Council.
shanghai shares start week with losses 25 june 2018
Hong Kong, (UrduPoint / Pakistan Point News - 25th Jun, 2018 ) :Hong Kong and mainland Chinese stocks fell on...
