• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Tech slide, China woes weigh on European stocks

September 28, 2021 by David Barret Leave a Comment

September 28, 2021

(Reuters) – European stocks fell on Tuesday, as a surge in government bond yields pressured high-growth technology shares, with fresh signs of a slowdown in China’s economy weighing on investor sentiment.

The pan-European STOXX 600 index was down 0.4%, falling for a third session as a jump in U.S. Treasury yields signalled that investors were bracing for higher cash rates and the risk of persistent inflation. [US/]

Data showed profit growth at China’s industrial firms slowed for a sixth month in August, with an unfolding power crisis a growing threat to output and bottom-lines.

However, a rally in Brent crude futures above $80 per barrel continued to support energy stocks, with the oil & gas index rising 1.1% to fresh highs since February 2020. [O/R]

Banks were supported by rising rates, but technology stocks fell the most, down almost 2% after their Wall Street peers tumbled overnight. [.N]

Swiss computer peripherals maker Logitech dropped 6.3% as Morgan Stanley downgraded the stock to “underweight”.

Dutch semiconductor supplier ASM International fell 2.7% despite raising its third-quarter order intake guidance.

(Reporting by Sruthi Shankar in Bengaluru; Editing by Subhranshu Sahu)

Source Link Tech slide, China woes weigh on European stocks

David Barret
David Barret

Related posts:

  1. Soccer-Poland say no racism in Glik’s bust-up with England’s Walker
  2. Epic Games to shut down Houseparty in October, including the video chat ‘Fortnite Mode’ feature
  3. UK’s slow growth and rising inflation gives BoE headache – PMIs
  4. Bank of England nudges up inflation outlook, split over QE widens

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • “I Saved A PNG Image To A Bird”: YouTuber Stores 176KB Drawing Of A Bird Inside A Bird’s Song
  • The Falkland Islands Wolf: The Tragic Tale Of The First Known Canid Humans Drove To Extinction
  • There’s A Forever Chemical That’s In Your Water, Food, And Blood — And Levels Are “Increasing Irreversibly”
  • “World’s Rarest Bear” Captured On Camera In Mongolian Desert – With A Baby!
  • Alligators Eat Rocks For An Incredibly Smart Reason
  • New Study Raises “Disturbing Prospect” About Alien Civilizations Using Dyson Swarms
  • The Khamar-Daban Incident Is So Strange It Is Known As “Buryatia’s Dyatlov Pass”
  • Zebroids, Zeedonks, Zorses, Zonies: Welcome To The World Of Zebra Hybrids
  • How Far Into The Universe Can You See With Your Naked Eye?
  • “Rarest Baryon Decay Ever Observed So Far” Found In Experiment That Wasn’t Even Looking For It
  • Scientists “Read Minds” By Opening The Brain’s “Filing Cabinet” Of Memories
  • 4,000-Year-Old Ancient Egyptian Handprint Discovered On “Soul House” Tomb Offering
  • Dogs Can Smell Parkinson’s Disease Years Before Symptoms Appear With Incredible Accuracy
  • The Longest-Reigning Monarch
  • Adorable Boxer Crabs Filmed “Cloning” Their Living Anemone Gloves For The First Time
  • Watch An Adorable Little Crab Hitch A Ride On A Mosaic Jellyfish Through The Gulf Of Thailand
  • COVID Vaccines Saved An Incredible 2.5 Million Lives In The First 4 Years Of The Pandemic
  • NASA Has Made A Sizable Error In Lunar And Martian Physics, Study Suggests
  • Disappearing Stars In The 1950s Associated With UAPs And Nuclear Weapons Tests
  • These Are The “New Seasons” Scientists Think Are Emerging Because Of Climate Change
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version