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EUROPE ECONOMICS: European Stock Markets Weaker

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Last updated: 08/13/2019 07:31:57

07:31 AM EDT, 08/13/2019 (MT Newswires) -- European stock markets were broadly lower, as the global slide in yields and equities continues. Investors are increasingly pricing in a global recession amid trade jitters and political risks. Topix and Nikkei lost more than 1% after returning from holiday, but it was the Hang Seng that underperformed during the Asian session as anti-government protesters targeted the airport again. The index lost more than 2% while mainland China bourses fared slightly better, although the Shanghai Comp also declined -0.6%. In Europe Brexit jitters and Italy's latest government crisis remained in focus. Senate leaders failed to agree on a date for a no-confidence vote yesterday and the Senate had to return from holiday for a meeting scheduled for 16:00GMT to set a date for Salvini's challenge to PM Conte. With a weak German ZEW reading adding to the risk off backdrop DAX and FTSE 100 lost -0.9% and -0.5% respectively.

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