Malta blog
Show Menu

European shares at lowest levels in nearly two years

European shares fell to their lowest levels in nearly two years on Tuesday after a disappointing batch of third-quarter results, particularly in the tech sector, amid ongoing worries on Brexit, Italy's budget, Saudi isolation, trade wars, Chinese growth and US interest rates.
The pan-European STOXX 600 was down 1.3% at 0838 GMT, its lowest since December 2016, as it headed towards a fifth day of losses after a negative close in Asia and on Wall Street.
Other benchmarks sustained heavy losses: the Paris CAC 40 ?fell 1.3% and Germany's DAX lost 2%, also at December 2016 lows.
The Frankfurt bourse's blue chips are down 16.7% since their January high and not far from a 20% fall, which typically defines a bear market.
"Risk off the table as geopolitical tensions remain," was the message from LCG analyst Jasper Lawler to his clients ahead of the open.
The European tech sector posted the worst performance, down 3.7% as chipmaker AMS tumbled and lost 17% after its outlook failed to convince investors.
The sector, a key driver of stock markets, is down 18.4% since its June peak, also not far from bear market levels.
French IT services company Atos ATOS.PA cut its revenue growth forecast...

Full story

Brexit: Damage to UK financial sector ‘unprecedented’ – deVere CEO Damage to the UK’s financial services sector due to Brexit is ‘unprecedented’, the CEO of the deVere Group Nigel Green warns. Green ex...
Knightian Uncertainty and Asset Prices lecture at Central Bank Professor Sujoy Mukerji, Head of the School of Economics and Finance at Queen Mary University of London (QMUL), delivered a public lecture at the Cen...
Photos: Reviving a dying art '" filigree in Malta An exhibition focussing on the art of filigree is currently being held at the foyer of the Ministry of Education and Employment in Floriana. A num...
Update 5: Three confirmed dead; injured revised to five The Dutch authorities have revised down the number of injured to five, four less than first presented. Armed police are also still currently outside ...
Malta To Go is website about my experiences in Malta. Information about how and where to find a job, how and where it's the easiest to find an apartment. The bars, the beaches, the nightlife, and of course, everything in between

Want to contribute?

If you'd like to write articles about your personal experiences in Malta, feel free to get in touch. No pay, but if you're interested, let me know.

Get in touch
We have too much free space

And to use it, here are a few links to my other sites like, The Daily Bonk, Coffee & Laptops and for warm vacation ideas.

connect with me

You can contact us via (Subject: MaltaToGo), MaltaToGo Facebook or MaltaToGo Twitter account.

If you want to syndicate our content, see this page.