European shares tumble as global equity rout amplifies
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window
STOXX 600 drops 2.7%
France's AXA gains after deal talks with BNP Paribas
Tech index slides 6.1%, banks index off 4.3%
STOXX fear gauge touches highest level since March 2023
Updated at 1600 GMT
By Pranav Kashyap and Shashwat Chauhan
Aug 2 (Reuters) -Europe's STOXX 600 fell close to 3% on Friday as global equity markets ran into turbulence after a U.S. jobs report exacerbated worries of an economic slowdown in the world's biggest economy, with financials and tech the worst hit.
The pan-European STOXX 600 index .STOXX dropped 2.7% to 497.85 points, hitting an over three-month low.
Most European sub-indexes traded lower, with the technology sector .SX8P falling 6.1%,its biggest one-day decline since October 2020, tracking a sell-off on Wall Street. .N
Global equity markets were rattled after data showed the U.S. unemployment rate jumped to near a three-year high of 4.3% in July amid a significant slowdown in hiring, heightening fears the labor market was deteriorating and potentially making the economy vulnerable to a recession.
"This was a bad news report for the market and will continue the growth scare that has been roiling equities lately," said Lara Castleton, U.S. head of portfolio construction and strategy (PCS) at Janus Henderson Investors.
"Equities selling off should be seen as a normal reaction, especially considering the high valuations in many pockets of the market. It's a good reminder for investors to focus on the earnings of companies going forward."
A STOXX fear gauge .V2TX hit an over one-year high of 24.52 points.
The financial sector .SXFP lost 5.2%, while banks SX7P shed 4.3%, extending declines from the previous session when the sector was hit by downbeat earnings and prospects of global monetary policy easing.
Lower rates could weigh on interest margins, a key source of income for lenders.
Global equity markets were hit hard in the previous session following a dismalreading in U.S. manufacturing activity on Thursday, which plunged to an eight-month low in July, dampening hopes of a soft landing for the economy.
A handful of defensive stocks, companies which tend to provide consistent dividends and stable earnings regardless of the state of the overall stock market, were the rare winners.
Individual heavyweights such as consumer staples majors Unilever ULVR.L and Nestle NESN.S and healthcare firms AstraZeneca AZN.L and Sanofi SASY.PA gained between 0.3% and 1.3%.
Among other movers, Dutch specialty chemicals makerIMCD IMCD.AS added 6.7% after beating estimates on second-quarter EBITA.
French insurer AXA AXAF.PA was up 1.4% after BNP Paribas BNPP.PA said it is in exclusive talks with the company to acquire its AXA Investment Managers arm for 5.1 billion euros ($5.50 billion).
Meanwhile, Switzerland'sannual inflation rate held steady at 1.3% in July, in line with analysts' expectations, encouraging bets that the central bank could lower borrowing costs again next month.
European shares sold off sharply in the last two sessions https://tmsnrt.rs/3LMFFf3
Reporting by Pranav Kashyap and Shashwat Chauhan in Bengaluru; Editing by Janane Venkatraman, Sonia Cheema and Sharon Singleton
면책조항: XM Group 회사는 체결 전용 서비스와 온라인 거래 플랫폼에 대한 접근을 제공하여, 개인이 웹사이트에서 또는 웹사이트를 통해 이용 가능한 콘텐츠를 보거나 사용할 수 있도록 허용합니다. 이에 대해 변경하거나 확장할 의도는 없습니다. 이러한 접근 및 사용에는 다음 사항이 항상 적용됩니다: (i) 이용 약관, (ii) 위험 경고, (iii) 완전 면책조항. 따라서, 이러한 콘텐츠는 일반적인 정보에 불과합니다. 특히, 온라인 거래 플랫폼의 콘텐츠는 금융 시장에서의 거래에 대한 권유나 제안이 아닙니다. 금융 시장에서의 거래는 자본에 상당한 위험을 수반합니다.
온라인 거래 플랫폼에 공개된 모든 자료는 교육/정보 목적으로만 제공되며, 금융, 투자세 또는 거래 조언 및 권고, 거래 가격 기록, 금융 상품 또는 원치 않는 금융 프로모션의 거래 제안 또는 권유를 포함하지 않으며, 포함해서도 안됩니다.
이 웹사이트에 포함된 모든 의견, 뉴스, 리서치, 분석, 가격, 기타 정보 또는 제3자 사이트에 대한 링크와 같이 XM이 준비하는 콘텐츠 뿐만 아니라, 제3자 콘텐츠는 일반 시장 논평으로서 "현재" 기준으로 제공되며, 투자 조언으로 여겨지지 않습니다. 모든 콘텐츠가 투자 리서치로 해석되는 경우, 투자 리서치의 독립성을 촉진하기 위해 고안된 법적 요건에 따라 콘텐츠가 의도되지 않았으며, 준비되지 않았다는 점을 인지하고 동의해야 합니다. 따라서, 관련 법률 및 규정에 따른 마케팅 커뮤니케이션이라고 간주됩니다. 여기에서 접근할 수 있는 앞서 언급한 정보에 대한 비독립 투자 리서치 및 위험 경고 알림을 읽고, 이해하시기 바랍니다.