Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen's correspondent: An Israeli infantry force of 20 soldiers moved into the Bastra farm in southern Lebanon, and machine gun fire targeted the surrounding area
Al Mayadeen's correspondent in southern Lebanon: An Israeli unit advanced toward the al-Majidiyah plain, near a Lebanese army position in the eastern sector
Al Mayadeen's correspondent in southern Lebanon: An Israeli drone targets a motorcycle in the town of Houla
US President Donald Trump arrives in Saudi Arabia, beginning Gulf trip that includes Qatar, UAE.
Support and Stability Apparatus (SSA) chief Abdel Ghani al-Kikli confirmed dead.
Gunfire heard in various areas of the Libyan capital of Tripoli.
Libyan sources: The Ministry of Interior urges all citizens in Tripoli to remain in their homes.
Libyan sources: Air traffic halted at Tripoli Airport following reports of the death of Support and Stability Apparatus (SSA) chief Abdel Ghani al-Kikli.
Libyan sources: Clashes and military movements reported inside the capital, Tripoli.
Sheikh Qassem: Lebanese officials must also prioritize rebuilding the state economically and socially, as well as returning the depositors’ funds.

Major Daily Loss Hits European Stocks

  • By Al Mayadeen
  • Source: Agencies
  • 19 Aug 2021 21:59
1 Min Read

European shares have recorded their biggest daily drop in a month with mining, luxury goods, and travel and leisure stocks falling.

  • x
  • Luxury goods stocks hurt by Chinese drive to redistribute wealth.
    Stocks of luxury goods harmed by Chinese attempt to redistribute wealth

European shares fell on Thursday, recording the biggest daily loss in a month, as lower commodity prices pushed mining stocks lower, while luxury goods stocks were affected by a Chinese attempt to redistribute wealth.

The European "Stoxx 600" index fell 1.6% to its lowest level in two weeks, while shares of mining companies fell 4.2%, recording the largest one-day decline since last March.

Related News

Putin calls for May 15 'direct' talks with Ukraine

Europe to sanction Russia in days if Moscow rejects ceasefire: Macron

Shares of luxury goods companies with significant exposure to China's economy, such as LVMH, Kering, and Richemont, fell between 5.8% and 9.2% due to Beijing's plans to target excessive corporate profits and wealth inequality.

Bank shares, including HSBC that focuses on Asia, Spain's BBBVA, and France's BNP Paribas, fell about 3% each.

The travel and leisure index fell 2.5% as a rise in infections with the mutated Delta strain of the Coronavirus reinforced fears of slowing global growth. 

It is worth noting that utility stocks are considered a safe bet in a time of economic uncertainty. 

  • Europe
  • Stocks
  • China
  • France
  • Asia

Most Read

Trump cut off contact with Netanyahu, senior Israeli official says

Trump cut off contact with Netanyahu: Israeli media

  • US & Canada
  • 9 May 2025
Pakistan downs an Indian jet and hits a military base in Kashmir escalation.

Pakistan downs 3 Indian jets, hits military base in Kashmir escalation

  • Politics
  • 7 May 2025
A Yemeni gunman walks past paintings depicting rockets and scenes in solidarity with Gaza, displayed on a roadside fence in Sanaa, Yemen, Monday, May 5, 2025 (AP)

Oman brokers US-Yemen ceasefire, Israelis in dark regarding deal

  • Politics
  • 6 May 2025
Saree

Yemeni Armed Forces target key Israeli sites, USS Truman

  • MENA
  • 7 May 2025

Coverage

All
Gaza prevails against genocide

Read Next

All
Hezbollah Secretary-General Sheikh Naim Qassem gives a speech to commemorate martyr Sayyed Mustafa Badreddine on May 12, 2025 (Al Mayadeen Screengrab)
Politics

Israeli pressure doomed to fail, Resistance to prevail: Sheikh Qassem

AP
Politics

'Israel is spiraling' amid Gaza war, internal fractures: The Nation

UNIFIL
Politics

'Israel' hindering Lebanese Army deployment in south: UNIFIL

The scene at BBC Broadcasting House in London, after red paint was sprayed over the entrance. (AP)
Politics

UK journalists given guidebook after failing on covering Gaza genocide

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS