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Stocks on the Backfoot as Wall Street Weakness Spreads to Europe

EQUITIES
  • The negative close on Wall Street after Wednesday's Fed rate decision has bled into European markets this morning, with most indices in minor negative territory. The UK's FTSE-100 leads losses with a 0.6% step lower, while Spain's IBEX-35 outperforms modestly, and is the sole index in the green.
  • Thursday's move has dragged the Stoxx600 off the alltime highs printed on June 14th, with utilities and real estate leading the way lower. Financials are the sole gainer on a sector-by-sector breakdown, benefiting from steeper global yield curves after yesterday's Fed decision.
  • Notable movers in Europe include travel names easyJet, TUI AG, and Ryanair, who all trade firmer, while precious metals miners including Polymetal International and Evraz slide alongside weaker metals prices.
EM BulletHomepagemarkets-real-timeFixed Income BulletsTopicsEquitiesEvraz plc (EVR) Market NewsPolymetal International plc (POLY) Market NewsBulletMarketsEmerging Market NewsForeign Exchange Bullets
EM BulletHomepagemarkets-real-timeFixed Income BulletsTopicsEquitiesEvraz plc (EVR) Market NewsPolymetal International plc (POLY) Market NewsBulletMarketsEmerging Market NewsForeign Exchange Bullets

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