Stock markets in Europe punctuated a four-day growth streak and headed toward the south on Thursday. The negative mood that has carried over to Europe from the United States is to blame. Equities there also weakened, under the influence of the US central bank‘s decision.
Banking titles stood at the head of Europe’s stock slump, and pressure was also mounting on tech company stocks. Europe’s banking index wiped 1.6 per cent, having already weakened by almost two-fifths for the whole of this year. In the lead up to Thursday’s slump were big banks such as HSBC, Barclays or Standard Chertered, which fell by around two per cent.
Technology titles in the U.S. more or less held their Wednesday metes, European tech stocks then lost about one percent. Developer shares were also falling, the biggest slump was seen by Unibail-Rodamco-Westfield, which lost ten per cent. The bright spot then was Delivery Hero, which added almost 2.5 per cent. It was dragged upward by reports that it wanted to enter the South American market or that it had started operations in Japan.