European stocks declined to their lowest levels in more than a year and a half after the fall of the U.S. stock market amid concern about rising us yields, triggering a massive sell-off of risky assets.
About it reports Reuters.
It is noted that all sectors in Europe traded in negative territory earlier in the session, while the main blow fell on the stocks of technology companies.
The tech sector fell 1.8%, despite the growth of Ingenico shares (a French company whose activity is to provide technologies related to secure electronic transactions) is 11.3%, after the French banking group Natixis announced that it is considering the possibility of merging its assets with assets of Ingenico.
The pan-European STOXX 600 dropped 1.7 percent, reaching its lowest level since the end of January 2017.
Recall, a financial holding company JPMorgan Chase predicted a new global financial crisis. According to analysts, the crisis will occur in 2020.
Earlier, the world Bank among the reasons for a possible global crisis pointed out the problems in any large emerging market, which, by the way, is the crisis hit Turkey.