Europe Markets: European stocks struggle near 2-month lows as euro rises [MarketWatch]
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Source: MarketWatch
European stocks struggle near 2-month lows as euro rises European stocks dropped Wednesday, pulled down by a rising euro, which looked headed for its highest level in a year on worries the European Central Bank may start winding down monetary stimulus. The Stoxx Europe 600 SXXP, -0.57% gave up 0.8% to 382.84, on track for its lowest close since April 21, FactSet data showed. All sectors fell, with tech, utilities and basic materials losing the most. Stocks on the pan-European benchmark were keying off losses for the major U.S. indexes on Tuesday. Those moves came as declines for technology shares deepened and after Senate Republicans delayed a vote on health care legislation, casting doubt on the Trump administration’s ability to deliver on its pro-growth program. See: Invest in these European underperformers now before Daniel Loeb does A leap in the euro against the dollar EURUSD, +0.1940% was also putting pressure on stocks, as a stronger euro can cut into sales of goods ma
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