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Europe markets close down after weak China, US data; Sterling sinks on Brexit deadlock


Saturday, 9 March 2019 00:01 WIB

saham-saham eropaIndeks Stoxx Europe 600


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Stocks in Europe fell during Friday's session amid poor U.S. data and as investors continued to digest news of further stimulus in the euro zone.

The pan-European Stoxx 600 close down 0.78 percent to 370.57 during Friday trade, with every sector but telecoms in the red. All major European bourses were in negative territory too.

Market sentiment was influenced by weaker-than-expected Chinese trade data. Chinese exports dropped 20.7 percent in February from a year ago, which has raised questions about broader economic growth in the region — a key element to global growth. Friday also saw disappointing data from the U.S., with numbers showing job growth almost stalled in February.

Sterling dipped sharply hit a two week low as doubts existed over whether Europe and the U.K. could break the Brexit deadlock. There are three weeks until Britain leaves the European union and still no deal has been arranged.

Source : CNBC


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