European Stocks Drop as UBS Drags Down Lenders on Earnings Miss
Tuesday, 22 January 2019 15:23 WIB | MARKET UPDATE |Stoxx 600Saham EropaStoxx Europe 600

European stocks fell at the open, extending Monday's decline, as doubts over global growth and the outcome of trade talks weighed on investor sentiment. Switzerland™s UBS Group AG slid after reporting outflows in the fourth quarter.

The Stoxx Europe 600 Index dropped 0.4 percent, with banks leading the fall after UBS said clients withdrew almost $13 billion and warned volatility may continue into 2019. Logitech International SA gained 4 percent after the Swiss company raised its operating income outlook.

The U.S. market will resume trading today after it was closed Monday for a holiday, while in Europe the World Economic Forum opens in Davos, Switzerland.

Source: Bloomberg


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