European stock indices fell sharply after the opening of Wednesday's session, deepening the heavy losses suffered yesterday, with the German DAX and French CAC indices losing about 1% immediately after the market opened.
European stocks' weak opening performance was driven by strong risk aversion, coupled with weak Eurozone manufacturing purchasing managers' data for August failing to fuel optimism about a recovery in economic activity in the Eurozone.
In terms of European stock market trading today, the Euro Stoxx 600 index fell by about 1% to 514.68 points, the German DAX 30 index fell by about 0.67% to record 18,621.12 points, and the British FTSE (LON:LSEG) index fell to reach 8,236.74 points.
Also, the Italian FTSE MIB lost 257.34 points, to 33,605.80 points, the French CAC fell by nearly 0.74% to record 7,519.21 points, and the Spanish IBEX fell by 0.78% to record 11,195.30 points.
