European Stock Markets Open Lower Because of Tech Sector

Posted Tuesday, June 4, 2019 by
Arslan Butt • 1 min read

Earlier today, we told you about how the US government could possibly initiate antritrust investigations against leading tech companies. This news not only caused major tech companies’ stocks to trade lower on Wall Street yesterday, but are also impacting European shares as the markets open on Tuesday.

European shares were down by 0.5%, with the technology sector driving the move lower. FTSE 100 is expected to reverse its gains from Monday on this news and is currently trading at around 7175.

The trade war continues to make its presence felt in stock markets, with latest reports about US threatening tariffs on Mexico in focus. Will the Eurozone CPI and unemployment reports make an impact on European stock markets today?

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