European markets lower as UK political chaos continues (Oct 21)
European markets were lower on Friday as political chaos in the U.K. continues following the resignation of Prime Minister Liz Truss. A leadership contest will now take place over the next week.
Meanwhile, EU leaders are still debating how to tackle the bloc’s energy crisis as they meet in Brussels, after Germany gave the green light for discussions around a price cap.
EUROPEAN MARKETS
| TICKER | COMPANY | PRICE | CHANGE | %CHANGE |
|---|---|---|---|---|
| .FTSE | FTSE 100 | 6883.52 | -60.39 | -0.87 |
| .GDAXI | DAX | 12565.37 | -202.04 | -1.58 |
| .FCHI | CAC 40 Index | 5976.01 | -110.89 | -1.82 |
| .FTMIB | FTSE MIB | 21365.26 | -336.24 | -1.55 |
| .IBEX | IBEX 35 Idx | 7480.5 | -163.9 | -2.14 |
The Stoxx 600 is 1.5% down mid-morning, while all sectors and major bourses are in the negative. Retail leads losses, down 4%, followed by construction at 2.4% and household goods at 2.2%.
U.S. stock futures are down after a tumultuous day on Wall Street, with bond yields rising and a slew of wide-ranging corporate earnings. Futures for the Nasdaq 100, Dow Jones Industrial Average and S&P all slipped.
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