European stocks slide on fresh US housing concerns
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Europe&#39;s main stock markets dropped in initial trading on renewed worries about the weak US housing market which also caused Wall Street to fall overnight, dealers said Tuesday.
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Stocks opened lower on Friday after the latest fallout from the U.S. mortgage sector cropped up in Europe and data showed U.S. retail sales, excluding autos, unexpectedly declined last month.
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European stock markets fell in early trading after sharp overnight falls on Wall Street on record high oil prices and a US government probe into the insurance sector.
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European equity markets were choppy in the face of deepening US recession fears, with banking stocks providing the biggest drag.
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Europe's major stock markets mainly fell in morning trade before the US Federal Reserve delivers its latest interest-rate decision.
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Fears of a US slowdown and mortgage market woes prompt a share slump in Europe, Asia and Wall Street.
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New problems in America and Europe, wrought by the faltering U.S. mortgage sector, jolted financial markets on Wednesday as investors looked for a rapid central bank response.
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European equity markets fell sharply on Tuesday, with financial stocks heading the losses, as concerns over the state of the US subprime mortgage market hit banking stocks.
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There are fears that European stock markets may fall sharply on Monday following Friday's falls in the US.
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London shares fell on Tuesday as investors reacted to fresh banking sector losses linked to the subprime housing crisis in the United States.
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Escalating fears the fallout from the US housing slowdown would spill over into Europe dragged Europe's indices lower on Monday, as central bankers said higher oil costs and the rising cost of credit would also weigh on growth.
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European equities retreated on Thursday, with technology stocks under pressure after disappointing news from Applied Materials, while the euro&#39;s rise to new record highs against the dollar also weighed.
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European stock markets suffered sharp losses on Wednesday, tracking a fall on Wall Street after the Federal Reserve rekindled interest rate worries, while a disappointing trading update from British fashion retailer Next slammed retailers.
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European stock markets were seen opening lower on Thursday following overnight losses on Wall Street as US investors continued to fret about the prospects of higher interest rates.
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European shares dived again on Thursday as the second Federal Reserve interest rate cut in just under a week failed to reassure investors that a US recession was not on the cards.
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U.S. stocks fell for a second day on   Thursday on persistent concerns over global inflation and   further signs of a deterioration of the U.S. housing market.
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Stocks fell on Thursday, a day after the Standard & Poor's 500's biggest drop in two weeks, tracking European shares lower on credit concerns.