Thursday August 13, 2020

European shares fall sharply as weak Chinese data hits markets

Irish shares were down 1.5% as European markets dropped on the first trading day of 2016

4th January, 2016
European shares fell sharply on the first trading day of 2016

European shares fell sharply on Monday, the first trading day of 2016, after a rout in Chinese equities rekindled concern that the nation’s economic slowdown will hamper the global recovery.

By 10:00 a.m., London's FTSE 100 was down 1.8 per cent while France's CAC 40 lost two per cent of its value and Germany's DAX shed three per cent. In Dublin, the ISEQ index of Irish shares lost 1.5 per cent.

The rout is coming after European shares...

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