Absence of new details about China’s stimulus measures triggers decline in companies that draw a large part of their revenue from the world’s second-largest economy
Absence of new details about China’s stimulus measures triggers decline in companies that draw a large part of their revenue from the world’s second largest economy
European stocks settled lower on Tuesday as a lack of fresh details over China’s stimulus measures sparked a sell-off in sectors linked to the world’s second largest economy such as mining and luxury.rose 0.5 per cent to €90.85 after the food giant said it expects its third-quarter results to be in line with market forecasts.added 2 per cent to €2.06. The homebuilder published a position paper on passive housing, an energy-efficient form of construction.
Other sectors such as banks and energy also saw heavy selling pressure, with the latter down 2.7 per cent, tracking lower oil prices.
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