European Stock Exchanges Start in Slight Decline
Telecom and auto shares led losses as oil prices fell and investors weighed a week of central bank rate decisions.
- On Friday, September 18, the European STOXX 600 index fell 1.1% to 635.45 points amid broad-based losses following interest rate decisions from major global central banks and retreating oil prices.
- Telecommunication stocks posted their biggest single-day fall since April 2025, leading the broad-based decline alongside the automobile sector, which fell 3.4%.
- Volkswagen fell 5.6% and Porsche dropped 4.9%, while Orange dipped 5.8% after Morgan Stanley downgraded the French telecoms company to "underweight," as Nestle fell 2.6% following Russia's seizure of Swiss assets.
- Regional bourses ended the session in the red, with London's FTSE 100 and Germany's DAX down 1.5% and 1.6%, respectively, capping a weekly decline of 0.6%.
- Capital analyst Daniela Hathorn questioned whether recent rate hikes represent insurance against energy-driven inflation or signal the beginning of a lengthy global tightening cycle as policymakers attempt to get ahead of inflation.
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37 Articles
The European stock indices have completed the Tuesday bidding process with varying directions.
European equities retreated at the evening session on Friday, affected by significant losses led by the car and communications sectors.
Europe's main stock indexes closed down on Friday (18), returning part of the high view on the eve, with investors taking advantage of the recent appreciation to make profits. Despite the relief in oil prices, there was a certain pressure on European debt securities yields on the performance of the stock exchanges on the eve. At the close, the pan-European index Stoxx 600 fell by 1.12%, at 635.43 points. The FTSE 100, from the London Stock Excha…
European stock markets close sharply, penalized by Volkswagen and a decline in the automotive sector. The PSI was no exception and ended Friday's session down 1.33% to 9.542.21 points, a loss of 128.90 points, following the general negative sentiment in European markets. Among the listed companies that declined the most were NOS SGPS, which devalued 2,36%, to 5,380 euros, BCP, which fell 2,24%, to 1,1760 euros, Jerónimo Martins, which lost 2,21%…
Global Market: European shares edge lower as telecom stocks weigh
European shares edged lower on Friday, with the STOXX 600 slipping 0.2% as telecommunications and food stocks weighed on the benchmark. Technology stocks rose 0.9%, limiting losses, while energy shares declined amid weaker oil prices. The index remained on track for its first weekly gain in three weeks.
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