There were big stuff going on today that shook up the world’s stock. Europe, for example, has got its stock fell after some shocking news from Thomas Cook and Germany.
Europe Stock Fell, All because of Thomas Cook and German data?
According to CNBC, Stoxx 600 fell about 1% during mid-morning down. German data might cause this fell. The data reported put worse recession fear for the investors.
For once, the data showed German private sector activity shrank down this month. It is the first time in six and a half year for the country. German PMI (purchasing managers’ index) also dipped to 49.1 this month. While it was 51.7 in August.
Another thing affect the dynamic of the European stock is the big announcement made by British tour operator, Thomas Cook.
The company finally admits to a collapse, leaving thousands of people strayed all over the world. Other companies such as Virgin Airlines offered a help for those who were stranded in their stead. But there’s still no clear solution for the 22,000 job Thomas Cook put at risk with its collapse.
On the other hand, other airlines and tour operator’s stocks surged up. For instance, TUI’s shares leaped up more than 6%. Another Britain’s company, easyJet also found a rise during the morning trade.
U.S.-China Trade War: still no apparent progress
U.S. and China have just had another talk on their unending trade dispute. But it seems that there’s no good news still, for both sides. Even though U.S. Trade Representative described the talk as “productive”. While Chinese news agency, Xinhua called it “constructive”.
According to a report by Reuters, Chinese delegation canceled their scheduled trip to a farm in Montana, U.S. This brought in suspicion that the whole thing is falling apart.
Shanghai Composite Index fell 1%. While Hong Kong’s Hang Seng Index dropped 0.8%.
