Home Markets European Stocks Fall on Growth Outlook as ECB Policy Risk Looms

European Stocks Fall on Growth Outlook as ECB Policy Risk Looms

7

(Bloomberg) — European equities fell amid a blurred outlook for global growth and as investors awaited Thursday’s update from euro-area rate-setters.

The Stoxx Europe 600 Index was down 0.9% as of 1:35 p.m. in London, heading for its biggest drop in about three weeks, after falling as much as 1.4% earlier. Automakers, banks and industrial companies sank the most, while travel shares like EasyJet Plc and Deutsche Lufthansa AG gained as the Telegraph newspaper said the U.K. may adjust its warning list systems for foreign trips.

Europe’s main stock benchmark has struggled for traction since hitting an all-time high during earnings season in August. While investors expect coronavirus vaccination programs to continue to drive the economic reopening, disappointing data has distorted the recovery path just as interest rate-setters consider scaling back support.

“As the market comes out of its parabolic growth and earnings upgrades phase into a period of…

Click here for full article…finance.yahoo.com