European equities retreat on risk aversion, cash-in

Thursday, 09. November 2017 17:54

A selloff in Europe on Thursday, which also impacted sentiment in the equity markets in New York, slashed stock indexes at the main platforms. The fall more than offset gains from the beginning of this month after new records have been set.

The FTSE 100 lost 0.61% on the closing bell, led by a plunge in Burberry of 9.73%. The German DAX finished 1.49% down at 13,182.56 points, the weakest level since October 27. ProSiebenSat was the worst performer, with 9.21% in the hole, followed by Adidas, which plunged 4.67% as investors cashed in on strong quarterly results. The CAC 40 ended 1.16% in the red at 5,407.75 points, the lowest since October 26. The Italian FTSE MIB indicator mirrored movements in larger peers, decreasing 0.71%.

Gold was 0.38% up at 5:51 pm CET, selling for $1,285.82 per ounce, but silver traded 0.06% down, at $17.01 for one troy ounce. The euro strengthened 0.42% to $1.1647 and 0.34% to £0.88718, while sterling ticked 0.08% to positive territory, to $1.3129.

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Breaking the News / IT