European Stocks Crashed, London Led the Losses

On Tuesday, August 17, European stocks crashed as London’s FTSE 100 Index and the FTSE All-Share Index led the losses by 0.90% and 0.79%, respectively.

In the London Stock Exchange, the FTSE 100 Index pulled European stocks down. It plummeted 0.90% with a net loss of $64.73 which sent the stocks below $7,154.00 per share.

Its worst performers were Prudential PLC which lost 3.85% or 58.50 points to $2,017.14 per share.

Burberry Group PLC followed as it sank 3.38% or 72.00 points to $2,843.33 per share. Then, Weir Group PLC shed 2.98% or 50.50 points to $2,269.97 per share.

Likewise, the FTSE All-Share Index greatly contributed to the losses of the European stocks. It plunged 0.79% with a net change of $32.58 which sent the stock down to $4,112 per share.

On the Paris Stock Exchange, the CAC 40 Index subsided by 0.83% with a net fall of $57.27. This sent the stocks to the bottom at $6,839 per share.

Kering led its losses as it shrank 4.68% or 36.90 points to $885.10 per share. Then, Renault SA fell 2.18% or 0.74 points to $38.76 per share.

Also, LVMH Moet Hennessy Louis Vuitton SE dropped 2.10% or 14.90 points to $817.89 per share.

Consequently, the Global Dow Realtime EUR tumbled 0.04%, with a net fall of $1.22. This sent the stocks to the ground at $3,260.99 per share.

Additionally, the pan-European STOXX 600 crashed 0.50%, with a net decline of $2.38. This sent the stocks to the bottom at $473.45 per share.

Germany Stocks Fell Pulling European Shares Down

Furthermore, Germany’s DAX tumbled 0.32% with a net loss of $51.71 which sent the stock down to $15,926 per share.

Its bottom performers include Volkswagen AG Non-Vtg Pfd, which slid 2.31% or 4.80 points to $238.93 per share.

Bayerische Motoren Werke AG followed as it slumped 1.95% or 1.62 points to $95.89 per share.

Then, Henkel AG & Co KGaA Pfd flopped 1.84% or 1.58 points to $99.01 per share.

Moreover, the MDAX Performance Index crashed 0.54%, with a net change of $195.57. This sent the stocks to the bottom at $35,723 per share.

Varta AG led the benchmark’s losses as it dropped 7.89% or 10.75 points to $147.65 per share.

Then, MorphoSys AG lapsed 3.85% or 1.78 points to $52.35 per share. Also, Deutsche Lufthansa AG was down 3.57% or 0.33 points to $10.51 per share.

Read also: FinancialCentre Review | Is it a good Forex broker?