European Stocks Drop After Easter Lull on Growth Fears, War Woes
This article is for subscribers only.
European equities fell as gloomier global growth projections due to the war in Ukraine, warnings about even more aggressive Federal Reserve hikes, and new sources of strain on commodity supplies, dented risk appetite on the first day of trading after the long Easter weekend.
The Stoxx 600 Europe Index closed 0.8% lower on Tuesday, paring losses of as much as 1.5% earlier in the day, as U.S. stocks rallied. Real estate and media stocks were the biggest drag on the gauge, while automakers and energy outperformed after a four-day winning run for oil.