LONDON – European stocks closed lower on Wednesday as global market sentiment remained bearish, with investors nervous about a possible recession. The pan-European Stoxx 600 provisionally closed down by 0.7%, with shares of autos firms shedding 2.7% to lead losses as almost all sectors and major stock exchanges slid into the red. Health care stocks … Read more
Bank of America and JPMorgan have named global stocks and sectors that have plummeted and could be trading near the bottom, while Citi said: “buy this dip.” It comes at a volatile time for markets. After weeks of losses, the S&P 500 and Dow Jones Industrial Average scored big gains last week. The Dow finished … Read more
LONDON – European markets pulled back on Friday as global stocks close out a week of extreme volatility following the US Federal Reserve’s monetary policy meeting. The pan-European Stoxx 600 slipped 0.9% in early trade, with autos shedding 1.9% to lead losses while retail stocks were the only sector in positive territory, adding 1.1%. Earnings … Read more