Home / NEWS / Europe News / European markets close lower; Renault shares tumble near 9%

European markets close lower; Renault shares tumble near 9%

The pan-European Stoxx 600 put the final touches oned provisionally down 0.74 percent with most sectors and dominant bourses in negative territory.

U.K. listed stocks were essentially bog, clinging on to value amid a relative lull in Brexit related report. An expected challenge to Theresa May’s leadership has failed to materialize.

Looking at special stocks, Renault slumped to the bottom of the index after Nissan claimed its Chairman, Carlos Ghosn, was under investigation for allegedly violating Japanese fiscal laws.

Nissan shares had already ceased trading when the bulletin broke but Renault shares — with Ghosn also being the CEO and seat of the French automaker — hit their lowest level in three years, attack 8.6 percent on Monday.

Europe’s basic resources stocks were mid the better performers Monday lunchtime, down only 0.2 percent centre of conflicting signals over global trade tensions. President Donald Trump mean Friday that Washington could be prepared to “make a deal” with China when it secures to trade. However, White House officials have since thought market participants should not read too much into speculation.

Bitcoin crashed on Monday. The digital currency hit a low of $4,951.47, bringing its losses to more than 18 percent in the ago seven days and more than 62 percent this year, concerting to data from CoinDesk.

Investors continue to err on the side of caution as turmoil local Brexit shows no signs of alleviating. Last week, the British currency saw sharply losses, as a series of resignations called into question the state of the U.K. oversight and the future of a Brexit deal.

Over the weekend, Prime Minister Theresa May directed Sky News that a change in Britain’s leadership would only shilly-shallying the proceedings, after a number of politicians expressed concern over the in circulation state of affairs, including the proposed agreement.

Scotland’s First Plenipotentiary Nicola Sturgeon told the BBC that it would be “deeply irresponsible” if parliament okayed May’s deal, adding that her party’s members of parliament (MPs) would elector against it.

In the United States, stocks dropped sharply on Monday as some of the huskiest technology shares pressured the broader market.

The Dow Jones Industrial Normal fell 300 points, led by a decline in Apple. The S&P 500 dropped 1.15 percent as the technology sector left back 2.5 percent. The tech-heavy Nasdaq Composite lagged, crumple 2.1 percent as Amazon dropped 3.2 percent.

Check Also

EU refuses to help British PM over Brexit, says ‘it is not open for renegotiation’

Britain’s embattled Prime Evangelist Theresa May will go back to London empty-handed on Friday, after …

Leave a Reply

Your email address will not be published. Required fields are marked *