European shares slump on risk-off mood after US selloff
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 04 2024
0mins
Source: Reuters
European Stock Market Decline: European stocks fell to a two-week low due to concerns over a potential slowdown in the U.S. economy and weak manufacturing data from China, with the pan-European STOXX 600 index dropping 1% and all major markets experiencing losses.
Sector Performance and Economic Outlook: Semiconductor companies were notably affected, with ASML Holdings declining nearly 5%. Despite current selling pressures, European equities remain 7.5% higher for the year, buoyed by expectations of lower borrowing costs in 2024, although underlying demand in the euro zone remains weak.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.








