European shares ticked lower on Friday, dragged down by banks, while lingering w...
- European shares ticked lower on Friday, dragged down by banks, while lingering worries over global growth kept investors on edge before the crucial earnings season in the United States.
Concern about sluggish global growth were reinforced this week by central banks in the euro zone and United States, which maintained their dovish stances and separately warned of risks to the world economy. Banco Santander dropped 0.8 percent after the Spanish bank announced an offer to buy the 25 percent stake it doesn’t own in its Mexican unit in an all-share deal worth around 2.6 billion euros .
Its results dragged rival IG Group’s shares down 7 percent, to the bottom of STOXX 600. CMC Markets shed more than 5 percent.
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