European Stocks’ Year to Forget Leaves Some Memorable Milestones
- Index posted 13 percent annual drop amid investor flight
- Broad sell-off and poor volume marked a miserable 2018
The last day of trading of the year inside the Frankfurt Stock Exchange.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
The Stoxx Europe 600 Index finished the year with the worst performance in a decade, marked by the weakest volume since 2000 despite a broad sell-off and high outflows.
“Economic momentum is deteriorating in the U.S. and there is little evidence of a stabilization, not to mention an improvement, in the rest of the world,” said Fabrizio Quirighetti, chief investment officer for Syz Asset Management.