[BENGALURU] European shares slid on Tuesday, with most sectors falling after the United States threatened to slap tariffs on goods from the European Union, with worries compounded by the IMF cutting its global growth forecast.
"It's been long accepted that while Europe hasn't been strongly targeted yet, it was going to be the case once China wrapped up, and Europe would be next," said Craig Erlam, senior market analyst at Oanda in London.The pan-region Stoxx 600 index fell 0.3 per cent, slipping away from an about eight month-peak seen earlier in the day. Germany's trade-sensitive DAX dropped 0.9 per cent.Airbus slid 1.
Suppliers to Airbus such as Safran SA, Leonardo and Rolls-Royce Holdings shed between 1.3 per cent and 2.1 per cent on the day. European technology stocks had a particularly bruising day, falling 1.5 per cent in their worst session in two and a half weeks. Bank stocks edged up 0.1 per cent, rising for the first time in three sessions to help restrain the broad benchmark from incurring a steeper loss.
Source: News Formal (newsformal.com)
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