Europe closes lower amid Wall Street selloff

Thursday, 03. September 2020 17:31

European equities closed with losses on Thursday amid a selloff on Wall Street. The Dow Jones plunged 800 points during trading across the Atlantic with tech shares leading the losses.

Investors digested economic data reports throughout the day, including final euro area Markit PMI composite readings.

The DAX dropped 1.40% at the end of trading in Frankfurt. Delivery Hero was the worst performer, sliding 7.90% at the end of the day. Meanwhile, in Paris, the CAC 40 lost 0.44% as STMicroelectronics led the losses. The UK's FTSE 100 sank 1.52%; Scottish Mortgage Investment Trust plunged 6.35% to the bottom of the chart.

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Author:
Breaking the News / JC