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European Shares Close 2% Lower as Coronavirus Recovery Hopes Dwindle


Thursday, 14 May 2020 23:16 WIB

EropaSaham EropaStoxx Europe 600


European stocks fell sharply on Thursday with investors digesting an economic warning from the U.S. Federal Reserve's Chairman Jerome Powell, and hopes of an imminent end to the crisis fading.

The pan-European Stoxx 600 dropped 2.1% by the close to 326.78 , with autos plunging 2.9% to lead losses as all sectors and major bourses finished in negative territory.

Declines in Europe come after Powell said Wednesday that policymakers may have to use additional policy weapons to pull the country out of an economic mire that has cost at least 20 million jobs and caused "a level of pain that is hard to capture in words.”

Source : CNBC


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