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Europe stocks close lower as trade fears linger; Brexit talks collapse; Thomas Cook shares down 39%


Friday, 17 May 2019 23:19 WIB

Stoxx 600Indeks Stoxx Europe 600SahamEropaBrexit


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European stocks traded lower Friday as trade fears ratcheted up, while Brexit talks between the U.K. Conservative government and main opposition Labour Party broke down.

The pan-European STOXX 600 was down 0.34% in trade, autos leading the losses with a fall just shy of 1%. The notable contributor to auto losses was BMW, which saw its shares slip 5.2%.

The day’s biggest loser was British tour operator Thomas Cook, which saw its shares plummet almost 40%, hitting their lowest since July 2012 and on track for the biggest one-day drop since November 2011. Citigroup analysts downgraded the company’s stock to “sell” after its latest profit warning Thursday and cut its target price to zero.

Source : CNBC


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