European shares sink as recession risk fears hit home [Reuters (UK)]
Sanofi - American Depositary Shares (SNY)
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Source: Reuters
European shares sink as recession risk fears hit home | Reuters 3 Min Read (Reuters) - European shares opened deep in the red on Monday, adding to the worst weekly fall of the year last week after disappointing economic data in Europe and the United States stoked fears of recession. The pan-European STOXX 600 index fell 0.6 percent, extending three days of declines, with France’s CAC 40 leading losses with an almost 1 percent initial fall before steadying. Germany’s DAX, hammered on Friday by a manufacturing sector survey which pointed to the risk of outright recession in the continent’s biggest economy, fell 0.3 percent as investors ditched equities and switched into safe-haven assets. London’s FTSE fell 0.5 percent. Investors are also dealing with the uncertainty surrounding the United Kingdom’s exit from the European Union, with the risk of a potentially major “no-deal” shock to the European economy still only just over two weeks away. Prime Minister Theresa May is under pressure t
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Sec Filings
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- SNY's page on the SEC website