The European Shares fell sharply on closing Friday’s trading session, following gloomy economic data from around the global economy, as the U.S personal spending dropped for the first time since October 2009, Chinese Manufacturing activities contracted for the third month straight and German retail sales declined the most in more than four years in August, adding fears that economic growth could be postponed.
The benchmark index for Europe, the STOXX 600 ended lower by 1.19% to 266.18, and STOXX 50 ended down by 0.87% at 2159.70.
The leading benchmark indexes performed as the following:
CAC 40 Index
The French index fell 45.69 points or 1.51% to finally close at 2981.96. The index started the session at 3009.26 and recorded throughout the day its highest level at 3021.97 and its lowest level at 2948.24.
The worst performing shares in terms of subtracted value for the index were led by the BNP Paribas SA share as it plummeted 3.50% to end at €30.05, following is the LVMH Moet Hennessy Louis Vuitton SA share as it shed 3.44% to settle at €99.65, while coming in third is the Societe Generale SA share which slumped 5.12% to close at €20.00.
Best performing stocks within the index were the Total SA share which inclined 0.82% to settle at €33.24, in second place came the Schneider Electric SA share which closed higher by 0.17% at €40.57 and in the third place came the Danone share which inclined 0.11% to settle at €46.20.
DAX Index
German equities retreated today as the benchmark index DAX 30 closed the session lower by 137.56 points or 2.44% at 5502.02. The index started the session at 5602.55 and recorded throughout the day its highest level at 5606.56 and its lowest level at 5438.55.
The worst performing shares in terms of subtracted value for the index were led by the Deutsche Bank AG share as it plummeted 6.83% to end at €26.32, following is the Volkswagen AG share as it shed 5.88% to settle at €100.05, while coming in third is the MAN SE share which slumped 5.43% to close at €58.39.
The only best performing stocks within the index was the Fresenius Medical Care AG & Co share which inclined 1.51% to settle at €51.02.
FTSE 100 Index
The British benchmark index ended the day lower to settle at 5128.48 with a loss of 68.36 points or 1.32%. The index started the session at 5196.84 and recorded throughout the day its highest level at 5197.33 and its lowest level at 5068.63.
The worst performing shares in terms of subtracted value for the index were led by the HSB Holding PLC share as it plummeted 3.10% to end at £496.90, following is the Standard Chartered PLC share as it shed 5.23% to settle at £1287.00, while coming in third is the Rio Tinto PLC share which slumped 2.63% to close at £2888.50.
Best performing stocks within the index were the Shire PLC share which inclined 1.46% to settle at £2010.00, in second place came the Fresnillo PLC share which closed higher by 4.76% at £1586.00 and in the third place came the BG Group PLC share which inclined 0.36% to settle at £1241.50.