European stocks sold off Thursday, with uncertainty around the U.K. general election adding to an already thick mix of worries surrounding rebounds in the euro, oil prices and bond yields.
The Stoxx Europe 600 SXXP, -1.22% fell 1.3% to 383.71, with no sectors trading higher. The pan-European index ended a choppy session Wednesday by losing 0.6%, in part after U.S. Federal Reserve Chairwoman Janet Yellen warned of risks from “quite high” stock prices.
European stocks have been knocked down from record and all-time highs in recent sessions, with much of this year’s gains fueled by funding generated from the European Central Bank’s €1.1 trillion bond-buying program, aimed at boosting the inflation level in the eurozone.
On the country indexes, France’s CAC 40 PX1, -1.29% fell 1.4% to 4,912.53, and Germany’s DAX DAX, -1.05% fell 0.7% to 11,268.13.
The FTSE 100 UKX, -1.42% sank 1.2% to 6,849.75 as British voters head to the polls for the U.K. general election. Opinion polls indicate there will be a hung parliament, where no party has a majority, leaving investors uncertain as to the future economic direction for the country.
Read: 7 things you need to know about the U.K. election
Greece’s Athex Composite GD, +2.56% outperformed, however, rising 2.8% to 839.53. On Thursday, the ECB increased the amount of money Greek banks can borrow under an emergency lending program, according to a Greek bank official.
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.