European shares fall, euro rise hits car sector
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European shares fell on Friday as the euro rallied to a 1-1/2-year high, hurting the export reliant car sector, while investor sold off insurers on fading sector consolidation hopes.
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The record rise of the euro against the dollar hangs over the big U.S. automakers, whose returns from European operations in particular have shrunk due to the weaker U.S. currency.
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Europe's main stock markets opened lower Wednesday following heavy losses on Wall Street and in Asia on growing concerns the US economy is heading into recession, dealers said.
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European stocks sank again on Friday after a sharp round of losses earlier in Asia and overnight in New York, as fears mounted that the global economy could face higher interest rates, dealers said.
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European equity markets fell on Tuesday with the downward slide led by oil and  gas stocks.
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European shares dropped on Friday as the euro rallied to a 1-1/2-year high, while French energy services group Technip <TECF.PA) rose on takeover rumors.
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Technology stocks led European shares  downwards on Thursday after disappointing earnings reports from  sector leaders around the globe.
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European shares were flat in light trade in the truncated session before Christmas, but exporters in the automotive sector weakened after the euro hit a new all-time high above $1.35.
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European stock markets suffered sharp  losses on Wednesday, tracking a fall on Wall Street after the  Federal Reserve rekindled interest rate worries, while a  disappointing trading update from British fashion retailer Next  slammed retailers.
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Europe's main stock markets fell Tuesday on profit-taking amid caution on the eve of an interest-rate call by the US Federal Reserve, dealers said.
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European stock markets suffered sharp losses on Wednesday, tracking a fall on Wall Street after the Federal Reserve rekindled interest rate worries, while a disappointing trading update from British fashion retailer Next slammed retailers.
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European shares dropped on Friday as  the euro rallied to a 1-1/2-year high, while French energy  services group Technip <TECF.PA) rose on takeover rumors.
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Europe&#39;s main stock markets fell on Friday as an overnight rally on Wall Street failed to inspire investors, dealers said.
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European equities were lower in early trade on Monday as financial stocks slipped on profit taking while carmakers were hit by a profit warning from Japan's Nissan (NASDAQ:NSANY), which is part owned by Renault.
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Europe&#39;s main stock markets slid Thursday after the euro struck a record dollar high and oil prices surged above 80 dollars a barrel in New York, threatening company profits.
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European stock markets sagged as investors awaited key interest rate calls in both Britain and the euro zone, despite a raft of positive earnings news.
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Europe's main stock markets suffered heavy falls as investors fretted over plummeting share prices in Shanghai, high oil prices and a suicide blast in Afghanistan, dealers said Tuesday.