Global sales Push European Stocks to a 3-month Low

The Stoxx600 index of European shares fell 1% by 0711 GMT, reaching its lowest level since June 26, while the Frankfurt, London and Paris stock exchanges fell between 0.6% and 1%.

Wall Street indices posted big losses yesterday, led by technology stocks after officials in the Federal Reserve (US Central Bank) called for more government assistance from Congress while they strengthened their position to ease monetary policy.

Meanwhile, France has become the latest European country to re-impose restrictions with the government unveiling a map of “dangerous areas” for the Coronavirus and giving local authorities in the most affected regions days to tighten restrictions or risk declaring a health emergency there.

Sectors severely affected by growth such as travel, oil and gas decreased about 2%, which put pressure on the market.