European stocks fall from 4-month high after downbeat data

European stocks closed sharply lower on Wednesday, weighed by the return of geopolitical concerns after comments by U.S. President Donald Trump and a round of disappointing eurozone data.

The pound dropped to a 2018 low after U.K. inflation unexpectedly slipped in April.

The Stoxx Europe 600 index lost 1.1% to close at 392.58, pulling back from Tuesday’s close, which was the highest since Jan. 29. WednesdayA?a��a�?s loss marks the benchmarkA?a��a�?s worst day since March 22, when it declined 1.6%.

Germany’s DAX 30 index slumped 1.5% to 12,976.84, while FranceA?a��a�?s CAC 40 index dropped 1.3% to 5,565.85.

The U.K.’s FTSE 100 index fell 1.1% to 7,788.44.

In Italy, the FTSE MIB index slid 1.3% to 22,911.71 as traders waited for President Sergio MattarellaA?a��a�?s decision on the prime minister candidate put forward by a euroskeptic alliance to lead their coalition government.

Source: Marketwatch

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Asian Stocks Fall as North Korea Worries Return on Trump Comment

Asia stocks fell for a third day as Japanese shares dropped amid a stronger yen, while investors weighed on pessimism over the planned historic meeting between the U.S. and North Korea.

The MSCI Asia Pacific Index declined 0.4 percent to 173.52 as of 4:10 p.m. in Hong Kong, with more than two stocks down for each that gained. JapanA?ai??i??ai???s Topix slid the most in almost two months as electronics and automobile makers dragged down the nationA?ai??i??ai???s benchmark, while the yen strengthened further. U.S. President Donald Trump cast doubt on a possible summit with North Korea next month, rekindling geopolitical tensions. MalaysiaA?ai??i??ai???s benchmark gauge slid 2.1 percent, led by losses in wireless carrier Axiata Group Bhd., whose shares were set to decline the most since 2009 after poor earnings.

Source : Bloomberg

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China Stocks Fall The Most in a Month as Coal Miners Slump

China stocks fell the most in a month on Wednesday, dragged by a slump in coal miners as Beijing intervened to cool the red-hot coal market.

The blue-chip CSI300 index fell 1.3 percent to 3,854.58, while the Shanghai Composite Index declined 1.4 percent to 3,168.96 points, their sharpest single-day drop since late April.

Investors also turned cautious after U.S. President Donald Trump tempered optimism over progress made so far in trade talks between the worldA?ai??i??ai???s two largest economies.

Source : Reuters

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