• European stocks close lower despite bumper PMIs and dovish Fed comments

    24 Jun 2021 | SET News

European stocks close lower despite bumper PMIs and dovish Fed comments



European stocks dropped on Wednesday despite Purchasing Managers’ Indexes showing booming business growth in the euro zone.

 

The pan-European Stoxx 600 provisionally ended the session down about 0.6%, with utilities stocks falling 1.4% to lead losses as most sectors and major bourses slipped into negative territory.

 

The first reading of June’s activity in the services and manufacturing sectors in the euro zone showed business growth accelerating at its quickest rate in 15 years, as pent-up demand is unleashed by the easing of lockdown measures across the single currency bloc.



Reference: CNBC

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