US financial market leads European markets towards losses, and stock falls above 1%… In a brief description of the global stock market, a US tsunami could hit the European financial markets as European shares fell on Friday, tracking the decline in US stocks futures after the results of technology companies AlphaBet and Amazon below expectations to push traders to refrain from accepting the risk of buying , While European results also came disappointing.
By 0712 GMT, the Stoxx 600 European index fell 1.4% to its lowest level since the end of January, marking the worst monthly performance since August 2015. All indicators of large European countries fell by more than 1 percent.
The euro zone’s leading index fell 1.5 percent, Germany’s DAX fell 1.7 percent and France’s CAC 40 lost 1.8 percent.
France’s Valeo, which specializes in the development of embedded software for mechanical and electronic parts, suffered heavy losses as its shares fell nearly 19 percent after a second profit warning in three months.
On the other hand, and for his part, US President Donald Trump said that the fall of the US stock market correction long-awaited and that the Federal Reserve, which raises interest rates that it become crazy.