scorecard
  1. Home
  2. finance
  3. European stocks got hammered

European stocks got hammered

Will Martin   

European stocks got hammered
Finance2 min read

European markets got slammed on Friday with most of the continent's biggest indexes losing more than 2% of their value ahead of the weekend.

The falls came against a background of weak inflation figures - consumer prices in the eurozone fell 0.2% in April - but despite a strong GDP number released on Friday. Eurozone GDP grew by 0.6% in the first quarter of 2016, better than expected, and the fastest growth in a year.

Regardless of the strong GDP figure, stocks tanked, with France's CAC down 2.94%, and the DAX in Germany off by more than 2.75%. Here's how stocks looked in the two biggest economies in the single currency on Friday:

Screen Shot 2016 04 29 at 16.35.44

Investing.com

Screen Shot 2016 04 29 at 16.36.22

Investing.com

On a stock-by-stock basis, France's biggest loser was pharma firm Sanofi, down more than 6% after US biotech firm Medivation rejected a takeover approach. In Germany, airline Lufthansa, and Deutsche Bank were down 5.5% and 4.8% respectively.

Things didn't look much better in the rest of Europe, although the FTSE 100 was a relative bright spot, losing just over 1.27%. Here's the scoreboard:

  • Britain's FTSE 100 - down 1.27% to 6,242 points
  • Spain's IBEX 35 - down 2.42% to 9,044 points
  • Italy's FTSE MIB - down 1.9% to 18,620 points
  • Netherlands' AEX - down 2.44% to 439.31 points
  • Euro Stoxx 50 broad index - down 3.00% to 3,027 points

NOW WATCH: THE STORY OF GOLDMAN SACHS: From foot peddlers to a powerhouse

READ MORE ARTICLES ON


Advertisement

Advertisement