Advertisement
UK markets close in 49 minutes

  • FTSE 100

    8,312.08
    +98.59 (+1.20%)
     

  • FTSE 250

    20,378.41
    +213.87 (+1.06%)
     

  • AIM

    775.79
    +4.26 (+0.55%)
     

  • GBP/EUR

    1.1651
    -0.0009 (-0.08%)
     

  • GBP/USD

    1.2554
    -0.0010 (-0.08%)
     

  • Bitcoin GBP

    50,368.44
    -573.53 (-1.13%)
     

  • CMC Crypto 200

    1,312.42
    -52.71 (-3.86%)
     

  • S&P 500

    5,188.53
    +7.79 (+0.15%)
     

  • DOW

    38,946.64
    +94.37 (+0.24%)
     

  • CRUDE OIL

    77.96
    -0.52 (-0.66%)
     

  • GOLD FUTURES

    2,328.60
    -2.60 (-0.11%)
     

  • NIKKEI 225

    38,835.10
    +599.03 (+1.57%)
     

  • HANG SENG

    18,479.37
    -98.93 (-0.53%)
     

  • DAX

    18,374.36
    +199.15 (+1.10%)
     

  • CAC 40

    8,054.38
    +57.74 (+0.72%)
     
Money:

The retirement income gap no-one is talking about

People are living longer than ever before and this can impact how you plan for retirement

Host of global worries drive European shares lower

Reuters - UK Focus
Updated

(For a live blog on European stocks, type LIVE/ in an Eikon news window)

Aug 13 (Reuters) - European shares fell on Tuesday, as a slew of economic and geopolitical worries including Italy and Argentina's political uncertainty and unrest in Hong Kong, compelled investors to take refuge in safe harbors like bonds and gold.

The pan-European STOXX 600 index fell 0.3% by 0715 GMT, with the bank-heavy Milan and Madrid indexes leading losses.

Markets, already reeling from fears that the United States and China may not end their bitter trade-war anytime soon, were distressed further as Argentina's currency crashed, unrest in Hong Kong intensified and Italy's political worries deepened.

ADVERTISEMENT

The dour mood in general has seen bond yields dive and banks take a beating, with European lenders leading sector declines.

Corporate news was light as the second-quarter earnings season draws to a close.

Henkel shares slid 4% after the German consumer goods company lowered its full-year outlook for sales and earnings, but German meal-kit delivery firm HelloFresh jumped 12% on breaking-even for the first time since its trading debut.

Defensive plays such as real estate and healthcare were among the few sectors in the black. (Reporting by Agamoni Ghosh in Bengaluru; Editing by Bernard Orr)