European share prices drop in response to Lufthansa

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By admin June 12, 2014 14:11

European share prices drop in response to Lufthansa

European stocks fell from their six-year-high on Wednesday, as shares of Lufthansa dropped after profit warnings.

The World Bank trimmed its global growth forecast to 2.8% from an earlier prediction of 3.2%, saying developing counties are heading for “disappointing growth.”

The Ukraine crisis, turbulence in the financial market and unusually cold weather in the US were all blamed for the pessimistic outlook.

The Euro Stoxx 50 index of Eurozone blue chip stocks lost 0.75%, but remains up 1.5% from last week.

Across Europe, Germany’s DAX slipped 0.8%, France’s CAC 40 lost 0.8% and the UK’s FTSE 100 dropped 0.5%.

Airbus Group dropped 4% after losing a major aircraft order from Emirates. The cancellation also affected engine builder Rolls Royce, which lost more than 5% value.

admin
By admin June 12, 2014 14:11
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