Fear of the US economic recovery is descending on European stocks


European shares were hit by a sell-off in global stock markets on Thursday, after the Federal Reserve indicated a long and difficult path to the recovery of the world’s largest economy.
The pan-European STOXX 600 index fell 1.2%, while the mining sector fell 2.7% after the fall in base metals prices.Other sectors that are severely affected by the economy, such as banks, auto companies, oil and gas, fell between 1.6% and 1.9%.

Chilean Mining Antofagasta plunged 4.3% after the company posted a 22.4% decline in core profits for the first half due to a drop in copper sales, but said it would provide temporary dividends.

Among the most prominent gainers, InterContinental Hotels Group jumped 2.6% and French Accor gained 2%, after a French newspaper reported that the hotel operator was considering a merger.


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