Thursday, 3 January 2019 00:22 WIB |
MARKET UPDATE |Stoxx 600Saham EropaStoxx Europe 600
European shares lost further ground in their first trading day of 2019 on Wednesday as fears about global growth, trade wars and political instability rolled over into the new year while investors sought safety in stocks considered less risky.
While sentiment had already been hit by disappointing data from China, fresh surveys showed Euro zone manufacturing activity barely expanded at the end of 2018 in a broad-based slowdown.
Euro zone stocks ended down just 0.3 percent and the pan European STOXX 600 closed 0.13 percent lower at 337.21 after trimming earlier heavy losses as Wall Street turned positive.
Stock in Paris notched up the biggest drop, down 1 percent, while Frankfurt, Madrid and Milan stocks all managed to move back into positive territory by the close.
Turnover on the STOXX 600 was extremely low, though - with just 75 percent of the 90-day average daily volume traded - as many investors remained on holiday.