European stocks slide over concern over US-China tensions as Lufthansa and easyJet climb

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European stocks fell on Thursday due to concerns over US-China tensions, with data showing the economy has weakened.
Up 1% this Wednesday, the Stoxx Europe 600
SXXP,
-0.67%

decreased by 0.7%
The German DAX
DAX,
-1.15%

1.1% decrease, the French CAC 40
PX1,
-0.89%

lost 0.7% and the British FTSE 100
UKX,
-0.67%

decreased 0.9%.

The losses came when the US Senate approved radical new legislation on Wednesday that could ultimately prevent many Chinese companies from listing stocks on the US stock exchange, or otherwise raising funds from American investors. US President Donald Trump has said that China’s incompetence is responsible for the “mass killings in the world”.

The decline also occurred for the first opportunity for European traders to react to the minutes of the latest Federal Reserve interest rate setting committee, in which members were concerned about the possibility of a second potential wave of infections. shaking the United States and global economies.
Coronavirus infections worldwide have exceeded 5 million, according to data from Johns Hopkins.
Economic data showed a eurozone economy crawling on the bottom. The France purchasing managers’ flash index rose to 30.5 in May from 11.1 in April, and the PMI Germany composite index to 31.4 against 17.4, on scales where any reading below 50 indicates deterioration of conditions.
Lufthansa
LHA,
-1.53%

gained almost 6% after declaring to be in advanced talks for almost € 9 billion in state aid.
EasyJet
EZJ,
+ 4.07%

Shares rose nearly 5% as the airline announced that it would resume flights on June 15 with a small program focused on domestic flights in the United Kingdom and France.
Whitbread
WTB,
-11.67%

shares fell 17% after the owner of Premier Inn announced that he was selling £ 1 billion in shares.
Dow Jones Industrial Average Futures
YM00,
-0.53%

lost 153 points before the last reading on unemployment claims in the United States.

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