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European Stocks Routed as Financials Take a Hit on Brexit Turmoil

Friday, 16 November 2018 01:10 WIB Stoxx 600 SahamEropa

European markets suffered broad losses Thursday, after the resignation of the U.K.’s Brexit secretary and other departures triggered massive uncertainty over the country’s plans to exit from the EU and the future of the government. Banks were the hardest-hit sector, followed by insurers, with oil majors helping to balance the day. The Stoxx Europe 600 closed down 1% to 358.14, bringing the week’s losses to 2% as of Thursday. The French CAC 40 shed 0.7% to 5,033.62, while Germany’s DAX 30 lost 0.5% to 11,353.67. The U.K.’s FTSE 100 finished flat at 7,038.01, with losses kept in check by a sharp tumble for the pound. Source : Marketwatch

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