European stocks tumble over worsening business indicators


European stock exchanges closed lower on Thursday amid worsening business activity indicators in major economies.

The STOXX Europe 600, which includes around 90% of the market capitalization of the European market in 17 countries, was down by almost 3.34 points, or 0.82%, to close at 402.40.

The UK’s FTSE declined by 68 points, or 0.97%, to 7,020, after the country’s manufacturing purchasing managers’ index (PMI) for June slumped to the lowest level in…

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Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

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