European markets have opened flat this morning, with defensive sectors lagging in early trading.
The FTSE All Share was up 0.2% and the DJ Euro Stoxx 600 down 0.3% at the time of writing. Oil and gas, along with basic materials, are outperforming the market and the more defensive sectors such as healthcare and utilities are lagging. US markets declined strongly on Friday with the S&P 500 ending 2.8% down on the day. Equity market volatility rose sharply as cyclical sectors sold off aggressively. The worst performing sectors were autos, financials and insurance, which fell 4.0%, 5.3% and 4.9% respectively. The more defensive sectors outperformed the falling market. Thoughts ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
