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European Market Updates

European Stocks Slide On Greece Woes

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

The Euro Stoxx 50 index of eurozone bluechip stocks fell 1.65 percent on Friday, as banking stocks struggled on concerns about Greece.

Looking at individual stocks, ThyssenKrupp fell 3.9 percent. Nomura cut European steel sector to "Neutral" from "Bullish."

Fraport lost 0.27 percent. The operator of Frankfurt Airport reported a 5.5 percent growth in traffic for the month of January, helped by favorable winter weather conditions.

Oil giant Total reported a higher fourth-quarter profit, as ongoing tensions on global oil supply drove up oil prices.

Alcatel Lucent jumped 12 percent after the telecom equipment maker posted its first profit in six years.

Barclays rose 0.4 percent. The lender saw a plunge in quarterly profit and cut the bonus pool at Barclays Capital by 32 percent in 2011.

Saab AB plunged 8.6 percent after fourth-quarter earnings and sales missed analysts' estimates.

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