Reporters reported that European stock markets closed lower last night (27 July). It’s the second day in a row because investors are worried about the disclosure of listed companies’ earnings. and the decline of Chinese stocks China has tightened regulatory measures against major tech and internet companies.
The Stoxx Europe 600 Index closed at 458.65, down 2.49 or -0.54%.
The French stock market CAC-40 index closed at 6,531.92, down 46.68, or -0.71%, the German stock market DAX closed at 15,519.13, down 99.85, or -0.64%, and the FTSE 100 in London closed at 6,996.08, down 29.35, or -0.42%
Concerns about regulatory tightening with major Chinese tech firms have fueled global share sales this week. Even investors are confident about the disclosure of US and European companies’ earnings.
The Netherlands Prosus stocks The company, which holds shares in Chinese firm Tencent, fell 7.2 percent to its lowest level since May. 2020 after China’s stock market plummeted to the lowest level in months.
Meanwhile, Reckitt, which makes lysol cost spray, fell 8.4 percent after warning that its profits would be hurt this year by rising costs.
Technology stocks lead the market down. Logitech shares fell 9.9 percent after keeping their full-year earnings targets unchanged. Despite reporting better-than-expected quarterly results
The same goes for Louis Vuitton stocks, Kerring stocks and Moncler stocks. downward in line with the overall market direction
However, investors will wait to see the earnings release of US tech companies. And the results of the Federal Reserve’s (Fed) monetary policy meeting on Wednesday or early Thursday morning in Thailand time.