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1 Sep 2015
European indices slump on China woes, unperturbed by EZ data
FXStreet (Mumbai) - European stocks extend sell-off on Tuesday as traders digest the region's factory PMIs, while the overall market sentiment was hampered by weak numbers from China, which added to the already heightened risk-off market profile.
Germany's DAX 30 index dived 2.63% to trade at 9,993, while the UK's FTSE 100 index lost 2.44% to 6,096. Among the other indices, the French CAC 40 index gave up 2.39% to 4,542.10, while the pan-European Euro Stoxx 50 index decreased 2.50% to 3,187.
Earlier on Tuesday, Nikkei led the Asian indices lower, extending losses from Monday, with the closely-watched Shanghai Composite index (SSEC) closed nearly 1.30% down.
Later in the day, UK manufacturing PMI will be published which may drive further moves for the FTSE. The UK manufacturing PMI is seen heading slightly higher to 52.0 from 51.9 recorded in July.
Germany's DAX 30 index dived 2.63% to trade at 9,993, while the UK's FTSE 100 index lost 2.44% to 6,096. Among the other indices, the French CAC 40 index gave up 2.39% to 4,542.10, while the pan-European Euro Stoxx 50 index decreased 2.50% to 3,187.
Earlier on Tuesday, Nikkei led the Asian indices lower, extending losses from Monday, with the closely-watched Shanghai Composite index (SSEC) closed nearly 1.30% down.
Later in the day, UK manufacturing PMI will be published which may drive further moves for the FTSE. The UK manufacturing PMI is seen heading slightly higher to 52.0 from 51.9 recorded in July.