United Kingdom : European stocks fail to rebound in worst week since Feb

Oct 13, 2018 (Euclid Infotech Ltd via COMTEX) —

European stocks failed to stage a recovery on Friday, posting their worst week since a market correction last February as a new sell-off hit bourses across the globe, amid worries about protectionism and fast-rising US interest rates.

Euro zone stocks initially jumped one per cent but rapidly shed all of their gains despite WallStreet opening higher.

All major bourses closed in negative territory and the main regional index ended the day down 0.2 per cent and on a weekly loss of 4.8 per cent.

That’s just below the 5.1 per cent fall back experienced last February when a sudden scare about rising inflation and interest rates caused a global market correction.

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