Shares on European markets struggle
The dollar slipped for a second day as traders sold the greenback going into Thanksgiving and after Wall Street saw Apple shares buckle again
London — Europe's share markets dropped back into the red on Thursday as investor worries mounted about slowing global growth in the face of rising US interest rates and trade tension. Chinese markets extended their slump in Asia amid the trade war with the US, and with Wall Street closed later for Thanksgiving, Europe followed suit. The region had plenty of concerns of its own. Italy was under pressure in both stock and bond markets as sparring resumed over its budget plans. Some disappointing big-name earnings added to the gloom. The dollar also edged lower for a second day as traders sold the greenback going into Thanksgiving and after Wall Street had seen Apple shares buckle again after a failed attempt at a rebound. "I think that the recent moves in equities have largely been about big tech catching up with the rest of the market," said Eoin Murray, the head of investment at Hermes Investment Management. "Post the (global market) wobbles at the end of January, it has really onl...
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