European Markets Slump at Start of Trading Week

Thu, 25 Feb 2021

European Markets Slump at Start of Trading Week

Voice of America
23 Feb 2021, 00:05 GMT+10

European markets were in a slump Monday as impatience appeared to be growing among investors with the slow introduction of new COVID-19 vaccines and the slow pace of economic stimulus legislation in the United States.

Britain's benchmark FTSE index was down 0.7% at midday. The CAC 40 in France was 0.4% lower, and Germany's DAX index was down 0.6%.

Markets in Australia and Asia ended mostly lower earlier Monday. Australia's S&P/ASX index dropped 0.1%. Hong Kong's Hang Seng index fell just over one percent, while Shanghai's Composite index plunged 1.4%. South Korea's KOSPI lost 0.9%, and Mumbai's Sensex sank 2.2%.

Japan's benchmark Nikkei and Taiwan's TSEC index both closed up 0.4%.

In commodities trading, gold wa selling at $1,792.40, up 0.8%. U.S. crude oil was selling at $59.86 per barrel, up just over one percent, and Brent crude was selling at $63.38, up 0.7%.

All three U.S. indices were trending negatively in futures trading ahead of the opening bell on Wall Street.

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