ROME: European stocks slumped on Friday, sending the regional benchmark lower for the week, as the U.S. Federal Reserve cited concerns about growth world-wide in its decision to leave interest rates at their record lows.
The Stoxx Europe 600 SXXP, -1.78% fell 1.8% to close at 354.77, marking its biggest one-day percentage slide since Sept. 4. No sectors were moving higher, with basic materials, oil and gas and financials among the worst performing.
Among bank stocks, Credit Suisse Group CSGN, -3.99% CS, -3.76% tumbled 4%, and HSBC Holdings PLC HSBA, -2.36% HSBC, -2.28% 0005, -1.31% which has significant exposure to China, lost 2.4%. Deutsche Bank AG DBK, -4.19% DB, -4.53% lost 4.4%.
Among the national indexes, Germany’s DAX 30 DAX, -3.06% dropped 3.1% to 9,916.16, sliding into negative territory for the week, down 2.1%.
France’s CAC 40 PX1, -2.56% lost 2.6% to 4,535.85 for a 0.3% weekly slide. London’s FTSE 100 UKX, -1.34% dropped 1.3% to 6,104.11, sending it 0.2% lower for the week.
The U.K. index briefly fell more than 2% around 12:40 p.m. London time, or 7:40 a.m. Eastern time, due to what traders call a “fat finger” error.
