European markets follow slide in US

Tuesday, 06 February 2018 - 14:48

European+markets+follow+slide+in+US
European markets have followed Asian markets lower today (Feb. 06) as investors continued to dump shares.
 
London, Frankfurt and Paris all fell sharply when they opened with losses of up to 3%. In the US overnight, the Dow lost 4.6%.
 
Japan's Nikkei 225 closed down 4.7%.
 
The sell-off began last week after data in the US showed stronger wage growth, which raised expectations that US interest rates might start to rise more quickly to tackle inflation.
 
The falls follow some good years for investors. In 2017 the Dow was up 25%, helped by a resurgent economy and strong corporate profits.


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