The headquarters of the European Central Bank in Frankfurt am Main, Germany, on March 12, 2020.
daniel roland / Agence France-Presse / Getty Images
European stocks fell on Thursday as the world’s two largest economies continue to collide, and before the latest decision by the European Central Bank.
5% more than in the last month, the Stoxx Europe 600 SXXP,
slipped 0.9%
Losses were also seen for the German DAX DAX,
French CAC 40 PX1,
and UK FTSE 100 UKX,
China, where the coronavirus outbreak originated, reported a 3.2% increase in gross domestic product in the second quarter, although it also reported a surprising decline in June retail sales.
Meanwhile, tensions between the United States and China continue to flare up. According to the New York Times, the United States is weighing a radical travel ban on Chinese Communist Party officials. China recently imposed travel restrictions on US lawmakers, including Senators Ted Cruz and Marco Rubio.
The SHCOMP composed of Shanghai,
fell 4.5%.
The European Central Bank is not expected to change interest rates or its quantitative easing program at Thursday’s meeting, so attention will focus on the press conference of ECB President Christine Lagarde, to be held earlier of a meeting of leaders of the European Union to discuss the proposed 750 billion euros. Recovery fund.
Of the shares in motion, Zalando ZAL,
It rose as the Berlin online retailer raised its earnings guide after a strong quarter.
GVC Holdings GVC,
fell, after the British sports betting company reported a 22% decrease in net gaming revenue in the second quarter and announced the retirement of its chief executive, Kenneth Alexander.
Heineken HEIA,
declined as the brewer reported a 13% drop in volumes during the first half, reducing its adjusted profit by 76%.
Dow futures YM00,
234 points fell. On Wednesday, the S&P 500 SPX,
increased 0.9% while the Nasdaq Composite COMP,
0.6% added.
.
