Paralysis hits Euronext trades after a mysterious crash


Euronext, the European operator of stock exchanges, has halted trading on all its monetary and derivative products.

The company that manages the Paris, Brussels, Amsterdam, Lisbon, Dublin and Oslo stock exchanges said last year that it is working on solving this problem.

She said, “We will announce more details as soon as possible regarding the expected pre-opening time and the resumption of trading.”

A company spokesman declined to provide further details about the reason for the stoppage or its expected duration.

This comes after a major halt in the Tokyo Stock Exchange earlier this month, which caused complete paralysis of stock markets in Japan, in what was the worst crash ever for the third largest stock market in the world.

And “Euronext” has a market value of about seven billion euros.

The French blue-chip CAC 40 index was up 0.8 percent to 4,976.15 points, before stopping. The German DAX and the Financial Times 100 in London fell in the last 30 minutes.

Danone, the world’s largest yogurt producer, climbed 2.3% after the company reconfirmed its 2020 forecast and said it was in the process of conducting a review of its assets.

Shares of luxury brands such as LVHM, Hermes and Perno Ricard rose more than 1 percent after Chinese retail sales grew better-than-expected in September.


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