Business World

Friday 24 November 2017

European shares fall following US Fed stimulus trim

Stock market analysis
Stock market analysis

European stocks fell early today, losing ground for the fifth time in six sessions, after the US Federal Reserve further trimmed its stimulus and as a measure of Chinese manufacturing slipped to a six-month low.

Just after markets opened, the FTSEurofirst 300 index of top European shares was down 0.3pc at 1,287 points.

The index is down 4.6pc in six sessions, as mounting concerns over a number of emerging economies prompted investors to shun risky assets such as equities.

Roche was the biggest drag on the index, down 1.7pc after the Swiss drugmaker posted lower-than-expected profits and raised its dividend less than expected.

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