Europe markets close 2% lower, logging worst daily fall since August as mining stocks slide
European markets slid on Tuesday as investors assessed what U.S. President-elect Donald Trump’s return to the White House could mean for the region’s economy.
The pan-European Stoxx 600 index provisionally ended the day down 2.01%, posting its biggest daily decline since early August, according to LSEG data. Most sectors and major bourses were in negative territory.
Mining stocks led the losses, shedding around 4%, while technology stocks were the sole outlier, inching 0.04% higher as the trading day in London ended.
Investors are scrutinizing a fresh batch of economic data this week.
German inflation rose 2.4% in October, according to data published Tuesday by the country’s statistics office, confirming a preliminary reading. The harmonized index of consumer prices had risen 1.8% in September. Inflation readings are harmonized in the euro area and in the European Union to ensure comparability.
U.S. inflation data and U.K. gross domestic product figures are set to follow later in the week.
Source : CNBC
