European markets close with losses as eurozone manufacturing hits 28-month low
Italy’s FTSE MIB performs worst, plummeting 3.36%
ANKARA
European stock markets ended Friday with around 2% losses as eurozone manufacturing output dove to its lowest level in 28 months.
Eurozone Manufacturing Output Index plummeted to 46.2 in September, down from 46.5 in August, according to a flash reading from US-based financial services company S&P Global earlier.
Eurozone Manufacturing Purchasing Managers Index also plummeted to 48.5, from 49.6, marking its lowest level in 27 months.
The STOXX Europe 600, which includes around 90% of the market capitalization of the European market in 17 countries, was down 9.36 points, or 2.34%, to close the last trading day of the week at 390.40.
The UK’s FTSE 100 fell 140 points, or 1.97%, to finish the session at 7,018. Germany’s DAX 30 lost 247 points, also 1.97%, to 12,284.
France’s CAC 40 was off 135 points, or 2.28%, to 5,783 at the closing bell.
Italy’s FTSE MIB was the worst performer of the day, plummeting 732 points, or 3.36%, to 21,066.
Spain’s IBEX 35 declined 191 points, or 2.46%, to close at 7,583.
