European stocks tumble on worries about growth
On Thursday, European shares sagged, making their way towards their sixt loss for seven trading sessions, with market participants overwhelmed with concens regarding decreasing global growth as the Brexit vote ios getting closer.
The Stoxx Europe 600 sagged 1.1%, trading at 319.89, without sectors going up.
On Thursday, European equities were rattled after the number one US ban dared to trim its American growth forecast for this year from 2.2% to 2% and as the Fed indicated it’s on the verge of taking a slower approach to lifting interest rates.
Normally, market participants are going to bring the equity markets higher if the major US financial institution stays on its dovish side.
On Wednesday, Janet Yellen, Fed Chair informed that Great Britain’s June 23 as for whether the UK will preserve its membership in the EU or not, was another factor to leave interest rates intact. By the way, a recent opinion survey showed a growing number of Brexit followers.