European Stocks Slide as US Debt Concerns and Weak Eurozone Data Weigh on Markets
Key Points Rising U.S. Treasury yields and deficit worries weigh on global investor sentiment. Eurozone business activity weakened, with PMI slipping below 50 into contraction. All STOXX 600 sectors declined, led by consumer goods and automotive shares. Johnson Matthey stock soared 30% after selling a unit to Honeywell for £1.8 billion. European markets declined sharply on Thursday, with mounting fears over U.S. fiscal health and disappointing eurozone economic data dragging down investor sentiment. The pan-European STOXX 600 index dropped 0.6%,...
